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$1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds
A New York resident was one of two CEOs convicted in federal court of a $1 billion fraud scheme involving thousands of investors.
Long Island resident David Gentile, age 57, of Manhasset, and Jeffry Schneider, age 55, of Austin, Texas, were found guilty in federal court on all counts of an indictment charging them with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and securities fraud.
Gentile, the owner and CEO of GPB Capital Holdings, was also convicted on two counts of wire fraud.
The verdict came after an eight-week trial.
When sentenced on Thursd…
Most Expensive States: Here's Where NY Ranks, New Report Says
A new ranking by CNBC has found that both New York and Massachusetts are part of the top 10 most expensive states to live in.
The CNBC report, which was published on Friday, July 12, used an index of prices for a broad range of goods and services, which was calculated by the Council for Community and Economic Research (C2ER), alongside housing affordability and the cost to insure a median-priced home, to determine the list of spendy states.
New York, which ranked in ninth place (tied with Florida, Rhode Island, and Washington), earned a grade of D- from CNBC’s “Top States for Business 202…
