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Trump Commutes Sentence of GPB Capital Founder David Gentile After Fraud Conviction

President Trump commuted the sentence of David Gentile, founder and former CEO of GPB Capital, who had begun serving a seven-year term after a May conviction in a $1.6 billion investor fraud case. Federal records show Gentile reported to prison on 14 November and was released on 26 November following the commutation. Regulators allege investor money funded lavish personal expenses, and New York's attorney general has sued to recover losses after investors put more than $1.8 billion into GPB funds. The Department of Justice had not posted commutation details at the time of the latest update.

02:32 AM, 12/01/2025Politics
Trump Commutes Sentence of GPB Capital Founder David Gentile After Fraud Conviction

Former President Donald Trump has commuted the sentence of David Gentile, the founder and former CEO of GPB Capital, who had begun serving a seven-year federal prison term after being convicted in a large investor fraud case.

Gentile, 59, was convicted in May for his role in what prosecutors described as a $1.6 billion fraud scheme that affected thousands of individual investors. Federal Bureau of Prisons records show he reported to custody on 14 November and was released on 26 November following the commutation.

"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," said Joseph Nocella Jr., U.S. attorney for the Eastern District of New York, at the May sentencing.

Regulatory complaints against GPB allege that investor funds were diverted to cover personal expenses, including private jet costs, a flight attendant reportedly paid about $90,000 a year, all-terrain vehicle rentals and more than $29,000 in charges an auditor identified as covering "David's 50th Bday." The filings also allege the firm paid $355,000 for a 2015 Ferrari FF that was used by Gentile.

In 2021, New York Attorney General Letitia James sued GPB Capital, Gentile and two other executives seeking restitution for investors. "Investors put in more than $1.8 billion into GPB funds but were left without a single cent of profit," she said, accusing the firm of subsidizing lavish lifestyles at investors' expense.

It has not been publicly confirmed whether Gentile had direct ties to President Trump or his political allies; lawyers for Gentile and for a co-defendant declined to comment, and Gentile did not respond to requests for comment. As of the most recent update, the Department of Justice had not yet posted full details of the commutation on its website.

What to watch next: Legal teams may pursue appeals or civil remedies connected to the investor litigation. Regulators and private plaintiffs continue to seek restitution for individuals and entities that invested in GPB funds.

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