Executives convicted in $1B fraud scheme, defrauded over 10,000 investors
Briefly

The prosecution demonstrated that Gentile and Schneider misled investors about the financial health of GPB investment funds, using investor capital to cover shortfalls.
"The jury found that the defendants lied to investors about fund health and distribution payments, fraudulently maintaining appearance with investor capital," said U.S. Attorney Breon Peace.
Read at Brooklyn Eagle
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