President Donald Trump granted clemency to private equity executive David Gentile just days into his sentence, a White House official confirmed to the Epoch Times on Nov. 30.
“President Trump issued a commutation for David Gentile,” the White House official wrote in a statement on Sunday.
Gentile, the former CEO and cofounder of GPB Capital Holdings, reported to prison on Nov. 14 after he was convicted on Aug. 1, 2025 of all charges relating to “a years-long scheme to defraud more than 10,000 investors” out of $1.6 billion.
Prosecutors accused Gentile and codefendant Ascendant Capital LLC CEO Jeffry Schneider of misrepresenting “the source of funds used to make monthly distribution payments and the amount of revenue generated by three of GPB’s investment funds” between August 2015 and December 2018….