Home / Crime and Justice / Trump Commutes Sentence for Defrauding Investors
Trump Commutes Sentence for Defrauding Investors
1 Dec
Summary
- President Trump commuted the sentence of ex-investment manager David Gentile.
- Gentile was convicted of defrauding over 10,000 investors.
- GPB Capital had raised $1.6 billion to acquire companies.
President Donald Trump has commuted the prison sentence of David Gentile, the former CEO and co-founder of GPB Capital. Gentile had begun serving a seven-year sentence on November 14, 2025, following his August 2024 conviction for defrauding more than 10,000 investors. GPB Capital had raised $1.6 billion to invest in companies within the auto, retail, health care, and housing sectors.
The White House cited disclosures made by GPB Capital in 2015, indicating that investor capital might be used to pay dividends to other investors, as a factor in their decision. This disclosure, according to the White House, countered claims that the company operated a "Ponzi" scheme.
While the criminal case does not involve restitution, various civil lawsuits are reportedly underway to address repayments and damages for investors. This action marks another instance of Trump exercising clemency in white-collar criminal cases.
