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Securities and Exchange Commission

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Manhattan's Top Federal Prosecutor To Resign Before Trump Presidency Manhattan's Top Federal Prosecutor To Resign Before Trump Presidency
Manhattan's Top Federal Prosecutor To Resign Before Trump Presidency US Attorney Damian Williams, who has overseen high-profile cases in the Southern District of New York, has announced his resignation, a move that comes ahead of President-elect Donald Trump’s second term and the expected nomination of his successor.  Williams’ resignation will take effect at 11:59 p.m. on Friday, Dec. 13, 2024, according to a statement from his office on Monday, Nov. 25.  The resignation comes as President-elect Trump has announced plans to nominate Jay Clayton, a former Securities and Exchange Commission Chairman under Trump’s first administration, to lead the of…

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by Ben Crnic
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$1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds $1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds
$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…

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by Joe Lombardi