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“The defendants built GPB Capital on a
foundation of lies. 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.”; - United States Attorney for the Eastern District
of New York Joseph Nocella Jr. in a May 9th
(2025) press release announcing the sentencing
of David Gentile and Jeffry Schneider to seven &
six years imprisonment respectively for their roles
in perpetrating a fraud that would've made Bernie
Madoff jealous. TAKE A WILD GUESS WHO SPRUNG
DAVID GENTILE FROM FEDERAL
PRISON AFTER HE SERVED BARELY
TWO WEEKS BEHIND BARS
