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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…
'Jeopardy!': 2 Students With CT Ties To Compete In High School Reunion Tourney
Two college students with ties to Connecticut who made previous appearances on Jeopardy! will soon come back to the show as part of a new spin on the show's College Championship.
Yale University junior Lucas Miner and Stamford native Hannah Nekritz will both appear on the show on Tuesday, Feb. 28, and Thursday, March 2, respectively. Both of them previously appeared on the show's Teen Tournaments which were aired in 2019.
Miner, who originally hails from Miami, Florida, will face off against Anish Maddipoti of Austin, Texas, and Audrey Satchivi of Carmel, Indiana during his appe…
Owner, CEO Of Manhattan Investment Fund Among Trio Indicted For $1.8B Ponzi-Like Scheme
A man who was the head of a Manhattan investment fund was arrested on Thursday and is facing securities fraud charges for his role in an alleged $1.8 billion Ponzi-like scheme that saw his company paying clients with their own money.
Long Island resident David Gentile, age 54, of Manhasset, the founder, owner, and CEO of GPB Capital Holdings, was charged with two others for scheming to defraud investors by misrepresenting the source of funds used to make monthly distribution payments to them, federal officials said.
Specifically, the three were charged with securities and wire fraud, …
