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$1B Scheme: Pair Of CEOs, Including NY 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…
Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says
The death of Devon Dalio, who died in a fiery car crash into a retail store in Fairfield County, has been categorized as accidental by the state Office of the Chief Medical Examiner.
Dalio, age 42, the son of billionaire hedge fund investor Ray Dalio died of smoke inhalation and thermal injuries on Thursday, Dec. 17, the M.E.’s office said Friday, Jan. 22.
The office said no other information would be released regarding the crash.
The crash took place at the Riverside Commons Shopping Center located at 1233 East Putnam Ave., in Greenwich when Dalio's 2016 Audi, drove over the parking strip…