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Biotech Founder Convicted of Orchestrating 2018 Murder-for-Hire as Sentencing Nears in November

Prosecutors say he ordered the killing to protect a lucrative merger after his former partner threatened legal action over a failed oil deal.

Overview

  • Serhat Gumrukcu, 42, was found guilty in April of murder-for-hire, conspiracy, and wire fraud in the abduction and killing of Gregory Davis in Vermont in January 2018.
  • He faces a mandatory life term, with sentencing postponed to November 2025, according to federal prosecutors and recent court proceedings.
  • Investigators linked him to the plot through emails, messages, cellphone data, bank and purchase records, and noted that he lied in two FBI interviews.
  • Prosecutors say Gumrukcu enlisted Berk Eratay and Aron Ethridge, who hired Jerry Banks, who posed as a Deputy U.S. Marshal to abduct and fatally shoot Davis.
  • Co-defendants Banks (200 months), Ethridge (140 months), and Eratay (110 months) have received federal prison sentences, and Davis’s widow addressed the court about the family’s loss.