President Donald Trump has sparked fresh criticism as he commuted the prison sentence of former investment manager David Gentile just days into his prison sentence after being convicted over his role in a $1.6 billion fraud scheme.

Gentile, the former CEO and co-founder of GPB Capital, had reported to prison on November 14 and was released on Wednesday, according to the Federal Bureau of Prisons.

He was sentenced to seven years in prison in May after an August 2024 conviction for his role in what the Justice Department described as a scheme to defraud more than 10,000 investors by misrepresenting the performance of three private equity funds.

The New York Times, which first reported on the commutation, said it was not clear if Gentile had connections to Trump or his supporters.

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