LOADING ERROR LOADINGPresident Donald Trump reportedly granted clemency to David Gentile, a private equity executive, after he was convicted of defrauding thousands of victims in a $1.6 billion scheme. Gentile, 59, was granted clemency just a few days into his seven-year prison sentence, according to The New York Times, and was released from prison Wednesday, according to prison records. AdvertisementGentile and his co-defendant, Jeffry Schneider, were convicted in August 2024 on conspiracy to commit securities fraud, conspiracy to commit wire fraud, and securities fraud. The GPB funds raised more than $1.6 billion collectively from investors. Gentile was sentenced in May to seven years in prison, and Schneider was sentenced to six.
