# David Gentile

> David Gentile is the founder and former CEO of New York investment firm GPB Capital Holdings. After an accounting and advisory career, he founded GPB in 2013. He was convicted of securities fraud, wire fraud and related conspiracies in August 2024, sentenced to seven years in May 2025, and received a presidential commutation on November 26, 2025. GPB investor recovery and civil proceedings continued in 2026.

- **Role:** Former investment executive; accountant and business adviser
- **Organizations:** GPB Capital Holdings, LLC, Gentile, Pismeny & Brengel
- **From:** Brooklyn, United States
- **Education:** Bachelor of Business Studies in Finance and Accounting, Queens College
- **Known for:** Founded GPB Capital Holdings in 2013., Built GPB into a fund manager that, with Ascendant Capital, raised approximately $1.6 billion across the three funds later examined in the criminal case; this fundraising was followed by fraud convictions.

## Career timeline

- **Before 2013** — Worked for 25 years in corporate advisory and accounting at Gentile, Pismeny & Brengel, according to his professional biography.
- **2013** — Founded GPB Capital Holdings.
- **2021-02-04** — Federal fraud charges announced and SEC civil case filed.
- **2021-02-05** — Resigned as CEO and sole manager of GPB.
- **2024-08-01** — Convicted by a federal jury of securities fraud, related conspiracies and two counts of wire fraud.
- **2025-05-09** — Sentenced to seven years in prison.
- **2025-11-14** — Surrendered to begin serving his sentence.
- **2025-11-26** — President Donald Trump commuted his entire sentence to time served; conviction remained.

## Achievements

- Founded GPB Capital Holdings in 2013.
- Built GPB into a fund manager that, with Ascendant Capital, raised approximately $1.6 billion across the three funds later examined in the criminal case; this fundraising was followed by fraud convictions.

## Latest updates

- **2025-11** — Received a commutation of his sentence to time served on November 26.
- **2026-03** — A New York court rejected a motion by Gentile and other defendants to reargue or renew the lifting of a stay in the state civil action.
- **2026-04** — GPB receiver filed a first-quarter report listing approximately $705 million in receivership-entity cash as of March 31, subject to investor and creditor claims.
- **2026-07** — Senators Blumenthal and Gallego requested an inspector general inquiry into reported possible improper payments and interference connected to the commutation; these are allegations, not findings of a new crime.
- **2026-07** — GPB receiver extended the deadline to resolve or object to claims to September 11, 2026.

## Links

- Website: https://about.me/david_gentile
- LinkedIn: https://www.linkedin.com/in/david-gentile-cpa-1212a59a

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Profile page: https://yespress.io/david-gentile
Published by YesPress — https://yespress.io
Last updated: 2026-10-10