GPB Capital: David Gentile and the $1.8 Billion Fraud
From Scam Nation · 3:33
Show by USRavens
GPB Capital promised retirees steady 8 percent payouts on car dealerships and warehouses, but the SEC said about $100 million of new investor money was used to pay earlier investors. Harper and Cole trace the February 2021 charges, the August 2024 jury convictions of founder David Gentile and Jeffry Schneider, the seven-year sentence, the roughly $400 million returned to investors in April 2025, and the commutation of Gentile's sentence in late November 2025.
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