Overview
- Gentile, 59, was convicted after an eight-week trial in August 2024 and received a seven-year sentence in May 2025 for defrauding investors in GPB Capital funds.
- Federal Bureau of Prisons records show he reported to custody on November 14 and was released on November 26 following the presidential commutation.
- An anonymous White House official argued prosecutors miscast GPB’s distributions as a Ponzi scheme, saying disclosures were made in 2015 and that trial evidence did not tie fraudulent statements to Gentile.
- The Justice Department had not posted the commutation text as of the latest reports, leaving unclear any impact on forfeiture or financial penalties; prosecutors earlier sought $15.5 million from Gentile, and a receiver has reported access to over $700 million for investors.
- Co-defendant Jeffry Schneider, sentenced to six years, does not appear to have received clemency, while prosecutors say more than 10,000 investors were harmed and more than 1,000 victim statements were submitted.