David Gentile

commutationFinancial / FraudFurther reading

Date pardoned

30 November 2025

Convicted of

David Gentile was the founder and CEO of GPB Capital Holdings, a private equity firm. He was convicted by a federal jury on August 1, 2024 on all counts including conspiracy to commit securities fraud, conspiracy to commit wire fraud, and multiple counts of wire fraud. Gentile orchestrated a multi-year scheme to defraud more than 10,000 investors by misrepresenting the financial performance of three GPB Capital private equity funds and concealing the true source of monthly distribution payments — using over $98 million diverted from investor accounts to cover shortfalls and maintain the appearance of returns. Gentile personally received more than $15 million during the scheme.

Original sentence

Convicted on August 1, 2024 by a federal jury in the Eastern District of New York. Sentenced by U.S. District Judge Rachel P. Kovner to seven years in federal prison — less than half the 15 years prosecutors had sought. Also ordered to pay $15.5 million in restitution to defrauded investors. Gentile reported to prison on November 14, 2025; Trump commuted his sentence on November 30, 2025, less than two weeks into his term. The commutation also negated the $15.5 million restitution obligation owed to thousands of defrauded investors.

Post-pardon activity

4mentions

0new offenses

Original source →

Subsequent News Mentions(4)

Day 315· 30 November 2025

Trump granted clemency to Gentile just days into his seven-year prison sentence for his role in a $1.6 billion fraud scheme that defrauded thousands of investors.

Day 318· 3 December 2025

Reporting revealed that Trump's commutation of Gentile's sentence also negated the $15.5 million in restitution he owed to thousands of defrauded investors, after his conviction for conspiring in a $1.6 billion capital funds fraud scheme.

Day 423· 18 March 2026

MS NOW investigation reveals Gentile's clemency, granted just 12 days into his seven-year sentence, devastated thousands of fraud victims — including one who lost $500,000 — with victims describing it as 'a betrayal' and 'an injustice to the system.'

Day 518· 21 June 2026

Federal prosecutors had been examining the circumstances behind Trump's commutation of Gentile's sentence, which was aided by a Catholic priest friendly with the president. The Trump administration has now shuttered this criminal probe.

David Gentile

Subsequent News Mentions(4)

Further Reading(6)