Guilty on All Counts: Scientologist David Gentile and his Co-Defendant Jeffry Schneider Convicted in $1.7 Billion GPB Capital Ponzi SchemeBy Jeffrey

[Karen#1]

Yet another mega donor found guilty in Federal court
Ripped off 10,000 investors of 1 Billion dollars.
Read more :

Guilty on All Counts: Scientologist David Gentile and his Co-Defendant Jeffry Schneider Convicted in $1.7 Billion GPB Capital Ponzi Scheme

Scientologist David Gentile and his criminal co-defendant Jeffry Schneider were found guilty on all counts in their US Federal criminal trial in Brooklyn. The jury verdict came swiftly following a seven-week long […]

scientologymoneyproject.com

 

[Lee #28]

Fantastic.....

I hadn't heard of this Federal Law Suit.....but wow....tremendous news.

 

[Type4_PTS]

They must have had crashing MU's in their The Way to Happiness books.

 

[TheSneakster]

Yest another mega donor found guilty in Federal court
Ripped of 10,000 investors of 1 Billion dollars.

Davie McSavage convinces these people that anything they do (regardless of legality) to get more money into his pocket those IAS bank accounts he ultimately controls is the Greatest Good for the Greatest Number of Dynamics. They end up in prison (anyone remember OT VIII William Rex Fowler ?) and D.M. skates with the money.

 

[I M Dex]

Davie McSavage convinces these people that anything they do (regardless of legality) to get more money into his pocket those IAS bank accounts he ultimately controls is the Greatest Good for the Greatest Number of Dynamics. They end up in prison (anyone remember William Rex Fowler ?) and D.M. skates with the money.

Would there not be an effort by the government to recover the donations and distribute the money to the victims?

 

[TheSneakster]

Would there not be an effort by the government to recover the donations and distribute the money to the victims?

Maybe. Money in a bank account is fungible (all the same) in that it could be nearly impossible to prove that any particular donation to the Co$ or one of D.M.'s several scams was made with funds that came from GPB Capital scam victims or from profitable investments that were made with money that came from scam victims. The forensic accountants may have a nightmare on their hands.

 

[Karen#1]

Would there not be an effort by the government to recover the donations and distribute the money to the victims?

There is something called "Federal Forfeiture" whereby proceeds of criminal activity (all real estate, cars, bank accounts)
will be seized by the FEDS.

The Government will also be entitled to clawback the mega donations to Scientology as done with crook Reed Slatkin of Santa Barbara.

 

[J. Swift]

Maybe. Money in a bank account is fungible (all the same) in that it could be nearly impossible to prove that any particular donation to the Co$ or one of D.M.'s several scams was made with funds that came from GPB Capital scam victims or from profitable investments that were made with money that came from scam victims. The forensic accountants may have a nightmare on their hands.

Michael, the Commonwealth of Masschusetts sued David Gentile in a civil case for securities fraud. It was stayed pending the criminal trial as were seven other civil cases brought by different US States Attorneys General. Massachusetts found hundreds of bank accounts owned and controlled by Gentile and Schneider. It was immense.

When the FBI raided GPB Capital in 2019 they found those accounts and more. The Feds and the States Attorneys Generals involved know the provenance of all of the monies and how it was spent. Because every penny was accounted for in a forensic audit as part of the criminal case, the Feds know how much money, where it was spent, and where it was stashed. This included the Cayman Islands and other accounts. The FBI raid on GPB of 2019 netted 100,000 pages of docs on hard drives, in files, memory sticks, cellphones, etc.

IIRC, the Feds executed their search warrant on a sleepy Friday afternoon. GPB Capital spun it in a press release as "an unannounced visit by the authorities."

 

[J. Swift]

Jeff Lash was a co-founder of GPB Capital. He was not an equal partner and got a much smaller piece of the action and left the company several years ago. Nevertheless, Lash was indicted and arrested as a co-defendant with David Gentile and Jeffry Schneider.

Lash made a plea deal and forfeited $3.2 million. He allocuted at his sentencing and implicated David Gentile in wire fraud. Lash was sentenced to prison time. However, some part of this may be waived due to his testimony at trial. See: GPB Capital Holdings: Jeff Lash Allocutes in US Federal Court

 

[TheSneakster]

Michael, the Commonwealth of Masschusetts sued David Gentile in a civil case for securities fraud. It was stayed pending the criminal trial as were seven other civil cases brought by different US States Attorneys General. Massachusetts found hundreds of bank accounts owned and controlled by Gentile and Schneider. It was immense.

Thanks for your clearly thorough investigation into these thoroughly despicable people.

 

[Lee #28]

And they were all Scientologists?

 

[Karen#1]

Schneider and Lash were not Scientologists.
However, Scientologists did work in the offices, former several ex Sea Org members

 

[guanoloco]

Scientology...hilarious.

Good thing no one was caught jaywalking because that's out-PR.

 

[I M Dex]

Scientology...hilarious.

Good thing no one was caught jaywalking because that's out-PR.

Unless of course they were striking a blow against suppressive marcabian traffic signals.

 

[Lee #28]

So David Gentile is the main guy....? And he is the main Scientologist?

Haven't followed this at all...... Selling some sort of Securities? Wonder where he got his front money from to start up a huge scam like this?

 

[Karen#1]

Livestream 6:30 PM Pacific - August 1: Guilty on All Counts: Scientologist David Gentile & his Co-Defendant Jeffry Schneider Convicted in Their $1.7 Billion Ponzi Scheme

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[HelluvaHoax!]

..

There is something called "Federal Forfeiture" whereby proceeds of criminal activity (all real estate, cars, bank accounts)
will be seized by the FEDS. The Government will also be entitled to clawback the mega donations to Scientology as done with crook Reed Slatkin of Santa Barbara.

Hopefully the Federal Forfeiture statutes will not abridge Gentile's constitutionally guaranteed religious rights -- in a scenario where the government abuses its power and attempts to confiscate Gentile's 6 foot high IAS BOWLING TROPHY.


..

 

[I M Dex]

..




Hopefully the Federal Forfeiture statutes will not abridge Gentile's guaranteed religious rights -- where the government abuses its power and attempts to confiscate Gentile's 6 foot high IAS BOWLING TROPHY.


..

Imagine his apoplexy when they seize and resell his luxury time-share condo on Arcturus!

 

[Reyne Mayer]

Davie McSavage convinces these people that anything they do (regardless of legality) to get more money into his pocket those IAS bank accounts he ultimately controls is the Greatest Good for the Greatest Number of Dynamics.

that's just a continuation of the founder's 'Make money. Make more money. Make others produce so as to make money.' and his love of 'Big League Sales', and so on, right? at least in this regard, isn't he doing a good job of following in his mentor's footsteps -- and maybe even a more successful job of getting his minions to do the dirty work and keeping his own hands clean, that might make LRH both jealous and proud?

convicted of fraud in France, and before that:

 

[Type4_PTS]

that's just a continuation of the founder's 'Make money. Make more money. Make others produce so as to make money.' and his love of 'Big League Sales', and so on, right? at least in this regard, isn't he doing a good job of following in his mentor's footsteps -- and maybe even a more successful job of getting his minions to do the dirty work and keeping his own hands clean, that might make LRH both jealous and proud?

convicted of fraud in France, and before that:

For various reasons, Miscavige hasn't faced any negative consequences yet for his criminal and abusive actions. But, I don't believe Miscavige has done a better job keeping his hands clean. There are plenty of reasons law enforcement could have gone after him. If I were a gambler I'd bet that they eventually will. I'd also bet that Miscavige has done extensive research into countries that don't have an extradition treaty with the U.S.