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Tag: Securities and Exchange Commission
$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…
Brand-New Forbes Rankings Reveal Richest NY Residents
The richest people in America are revealed in a new Forbes 400 ranking, which includes over a dozen New Yorkers.
To come up with its 41st annual list of the 400 wealthiest Americans, the outlet consulted with a variety of sources, including financial advisors, Securities and Exchange Commission documents, court filings, attorneys, and news articles.
Researchers looked at assets held, including public and private companies, as well as personal property like car collections, yachts, planes, and jewelry.
Debts and charitable giving were also factored in, Forbes said.
The top 20 people on th…
