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Trump releases fraudster executive days into prison sentence (www.bbc.com)

submitted 1 day ago by SantasMagicalComfort@piefed.world to c/conservative@sh.itjust.works

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US President Donald Trump has commuted the sentence of former investment manager David Gentile, who was just days into a seven-year prison sentence for fraud.

Bureau of Prisons records show that Gentile was released on Wednesday, less than two weeks after he reported to prison.

Gentile, the former chief executive and founder of GPB Capital, was convicted last year in what federal prosecutors described as a multi-year scheme to defraud more than 10,000 investors by misrepresenting the performance of private equity funds.

He's the latest in a string of white-collar criminals whose sentences Trump has commuted.

Gentile was convicted in August last year of securities and wire fraud charges, and sentenced in May. His co-defendant, Jeffry Schneider, was sentenced to six years on the same charges and is due to report to prison in January.

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