WASHINGTON — President Donald Trump has commuted the seven-year sentence of former private equity CEO David Gentile, a White House official confirmed.

Gentile was sentenced in May to seven years in prison on wire and security fraud charges. According to the Bureau of Prisons' database , Gentile was not in its custody as of Nov. 26. The White House pardon czar, Alice Marie Johnson, also confirmed Gentile's release in a post on X.

Gentile was the CEO and co-founder of GPB Capital Holdings and was convicted by a federal jury in Aug. 2024 of conspiracy to commit securities fraud, conspiracy to commit wire fraud, securities fraud and two counts of wire fraud.

The U.S. Attorney's Office for the Eastern District of New York, which brought the indictment during the Biden administration,

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