8chan/8kun QResearch Posts (2)
#23927823 at 2025-12-01 22:27:18 (UTC+1)
Q Research General #29155: Loud N Clear: WH Christmas Evergreen, Dominoes Will Fall Edition
Trump Frees Manhasset Financier In Billion-Dollar Fraud, Calls Case 'Weaponization Of Justice'
Mon, December 1, 2025 at 3:00 PM CST
President Donald Trump commuted the prison sentence of a New York private equity executive convicted in a massive fraud scheme involving more than 10,000 investors.
David Gentile, 57, of Manhasset, the former CEO and owner of GPB Capital Holdings, had been serving a seven-year federal sentence after his 2024 conviction on securities and wire fraud charges, as Daily Voice reported.
The White House on Monday, Dec. 1, confirmed the commutation, which does not appear to apply to his co-defendant, Jeffry Schneider of Ascendant Capital.
https://www.aol.com/news/trump-frees-manhasset-financier-billion-210000672.html
https://archive.is/31C3a
#23015720 at 2025-05-10 02:39:15 (UTC+1)
Q Research General #28084: Maximum Stage Edition
Former Private Equity Executives Sentenced to Priso
David Gentile and Jeffry Schneider Defrauded Thousands of Individual Investors in a $1.6 Billion GPB Capital Funds Scheme
Earlier today, in federal court in Brooklyn, David Gentile, the founder and former Chief Executive Officer (CEO) of GPB Capital, and Jeffry Schneider, the former CEO of Ascendant Capital, were sentenced by United States District Judge Rachel P. Kovner to seven years in prison and six years in prison, respectively, for their roles in a multi-year scheme to defraud more than 10,000 investors by misrepresenting the performance of three GPB Capital private equity funds and the source of funds used to make monthly distribution payments to investors. Collectively, the GPB funds raised approximately $1.6 billion from investors. Both defendants were convicted by a federal jury in August 2024 following an eight-week trial of securities fraud, securities fraud conspiracy, and wire fraud conspiracy; Gentile was also convicted of wire fraud. Additional penalties of forfeiture and restitution will be imposed at a later date.
Joseph Nocella, Jr., United States Attorney for the Eastern District of New York, and Christopher G. Raia, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the sentences.
"The defendants built GPB Capital on a foundation of lies," stated United States Attorney Nocella. "They raised approximately $1.6 billion from individual investors based on false promises of generating investment returns from the profits of portfolio companies, all while using investor capital to pay distributions and create a false appearance of success. The sentences imposed today are well deserved and should serve as a warning to would-be fraudsters that seeking to get rich by taking advantage of investors gets you only a one-way ticket to jail. My Office is committed to protecting the investing public and the integrity of the financial markets."
Mr. Nocella expressed his appreciation to the Securities and Exchange Commission, the New York City Business Integrity Commission, and the New York City Police Department for their valuable assistance with the case.
"For years, David Gentile and Jeffry Schneider wove a web of lies to steal more than one billion dollars from investors through empty promises of guaranteed profits and unlawfully rerouting funds to provide an illusion of success. The defendants abused their high-ranking positions within their company to exploit the trust of their investors and directly manipulate payments to perpetuate this scheme. May today's sentencing deter anyone who seeks to greedily profit off their clients through deceitful practices," stated FBI Assistant Director in Charge Raia.
https://www.justice.gov/usao-edny/pr/former-private-equity-executives-sentenced-prison
8kun Midnight Riders Posts (1)
#52680 at 2021-02-04 16:26:48 (UTC+1)
QR Midnight Riders #244:Q Get's The Jelly Roll! Edition
U.S. charges head of NY money manager GPB Capital with Ponzi-like fraud
The head of a New York money manager that raised $1.8 billion from investors was criminally charged on Thursday with running a Ponzi-like fraud to cover up poor performance, and diverting investors' money to boost their pay and fund luxury expenses. Authorities said GPB Capital Holdings LLC and its principal David Gentile promised investors consistent 8% annual returns plus occasional "special" distributions. They said GPB in fact suffered big losses, used new money to repay existing investors, and diverted funds for the personal use of its executives, including a Ferrari for Gentile. Two other individuals also face criminal charges, and the U.S. Securities and Exchange Commission and several state regulators filed related civil charges.
GPB did not immediately respond to requests for comment. Lawyers for the defendants could not immediately be located.
https://www.cnbc.com/2021/02/04/us-charges-head-of-ny-money-manager-gpb-capital-with-ponzi-like-fraud.html
from Sept 9 2020
Michael Cohn, Ex-GPB Capital Exec Pleads Guilty to Stealing SEC info
According to reports yesterday, Michael Cohn, former chief compliance officer at private equity firm, GPB Capital Holdings, pleaded guilty to a misdemeanor on Tuesday. Cohn, 61, was reportedly charged in February 2019 with stealing information about a probe into GPB Capital while he was reportedly still working for the SEC as a compliance examiner. Cohn reportedly pled guilty to theft of government property before U.S. District Judge Gary Brown in Central Islip, New York. Federal prosecutors alleged that during talks with GPB about potential employment with the firm, Cohn told GPB executives that he had inside information about an SEC investigation into the company, which they claim he shared. Cohn, who will be sentenced in January 2021, denied the allegations.
GPB Capital has been under investigation by various regulators, including the SEC, the Financial Industry Regulatory Authority and the FBI since 2018.
https://www.whitesecuritieslaw.com/2020/09/09/michael-cohn-ex-gpb-capital-exec-pleads-guilty-to-stealing-sec-info/