How Did a Billion-Dollar Fraudster Win Release from Prison with Trump’s Support?

The New York Times reported that Donald Trump, the U.S. president, released a fraudster who had been sentenced to seven years in prison only a few days after he entered jail.

According to Rokna, reporting from The New York Times, Donald Trump released the executive director of a private U.S. company who had been sentenced to seven years in prison for his role in a 1.6-billion-dollar fraud affecting thousands of victims, only a few days after he had entered prison.

According to the report, the fraudster convicted for his role in the 1.6-billion-dollar scheme is named David Gentile, aged 59, and formerly a resident of Nassau County in the state of New York. According to Bureau of Prisons records as well as a White House official who was not authorized to speak publicly due to the sensitivity of the matter, this fraudster, who had entered prison on 14 November (Friday, 23 Aban), was released on Wednesday (26 November, corresponding to 5 Azar).

According to The New York Times, David Gentile and his accomplice, Jeffrey Schneider, were convicted of securities fraud in August 2024.

Alice Marie Johnson, who is responsible for overseeing pardons and clemency in the Trump administration, wrote in a post on the social network X: “We are deeply grateful to see David Gentile returning home to his young child.” However, it appears that Schneider, his accomplice who was sentenced to six years in prison, did not receive a pardon from Trump.