The judge overseeing the GPB receivership, Margo K. Brodie, ruled on April 8 to grant the receiver’s motion to disburse $400 million of funds.

And GPB founder David Gentile and ex-broker-dealer chief Jeff Schneider want the company to continue paying legal expenses.

David Gentile and Jeffry Schneider sentenced to 7 and 6 years, respectively. Fraud scheme defrauded over 10,000 investors of $1.6 billion. GPB Capital misrepresented fund performance and payments ...

Two central figures convicted in the $1.8 billion GPB Capital Holdings fraud case want their legal expenses to be given priority over returning money to fund investors, even though about $75 ...

A federal judge ordered prison time for the architects of the biggest private-equity fraud since the collapse of Abraaj Group in 2018, sentencing both Friday for their roles in setting up GPB ...

Objections raised by founders David Gentile and Jeffry Schneider, who both await sentencing for fraud, are delaying a plan to send cash back to some 17,000 investors.