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Trump Commutation for Convicted GPB CEO David Gentile Erases $15.5 Million Restitution

He left prison after roughly two weeks of a seven-year term.

Overview

  • The formal commutation paperwork shows the $15.5 million restitution order tied to Gentile’s conviction was removed.
  • Bureau of Prisons records indicate he started his sentence on Nov. 14 and was released on Nov. 26 after 12 days in custody.
  • A federal jury convicted Gentile on securities and wire fraud charges linked to GPB Capital, and co-defendant Jeffry Schneider remains incarcerated.
  • White House press secretary Karoline Leavitt defended the clemency by claiming Gentile was not tied to fraudulent representations and calling the case a 'weaponization of justice.'
  • Victims voiced outrage over the decision, including an investor who says she lost about $500,000 and has recovered roughly $40,000.