David Gentile’s $1.8 Billion Ponzi Scheme Shatters the 1990’s Record of His Fellow Scientologist Ponzi Schemer Reed Slatkin

[Karen#1]

EXCERPT :

The largest Ponzi schemes in US history:

• • • Bernie Madoff: $65 billion. The largest Ponzi scheme in history. Madoff is serving 150 years in prison.
      
      
    • Robert Allen Stanford: $7 billion Ponzi scheme. Stanford is serving 110 years in prison.
      
      
    • Tom Petters: $3.65 billion Ponzi scheme. Petters is serving a 50 year prison sentence.
      
      
    • David Gentile: $1.8 billion alleged Ponzi scheme. Gentile was arrested on February 4, 2021. Gentile today entered a plea of not guilty at his arraignment.
  • Read more"

David Gentile’s $1.8 Billion Ponzi Scheme Shatters the 1990’s Record of His Fellow Scientologist Ponzi Schemer Reed Slatkin

The largest Ponzi schemes in US history: Bernie Madoff: $65 billion. The largest Ponzi scheme in history. Madoff is serving 150 years in prison. Robert Allen Stanford: $7 billion Ponzi scheme. Stan…

scientologymoneyproject.com

 

[Chuck J.]

EXCERPT :

The largest Ponzi schemes in US history:

• • • Bernie Madoff: $65 billion. The largest Ponzi scheme in history. Madoff is serving 150 years in prison.
      
      
    • Robert Allen Stanford: $7 billion Ponzi scheme. Stanford is serving 110 years in prison.
      
      
    • Tom Petters: $3.65 billion Ponzi scheme. Petters is serving a 50 year prison sentence.
      
      
    • David Gentile: $1.8 billion alleged Ponzi scheme. Gentile was arrested on February 4, 2021. Gentile today entered a plea of not guilty at his arraignment.
  • Read more"

David Gentile’s $1.8 Billion Ponzi Scheme Shatters the 1990’s Record of His Fellow Scientologist Ponzi Schemer Reed Slatkin

The largest Ponzi schemes in US history: Bernie Madoff: $65 billion. The largest Ponzi scheme in history. Madoff is serving 150 years in prison. Robert Allen Stanford: $7 billion Ponzi scheme. Stan…

scientologymoneyproject.com

According to my quick calculus based on those sentence lengths versus the amounts plundered, Gentile should receive 25 years in prison. By this reasoning Madoff got off easy, he should have received close to 1,000 years in prison.

 

[Lee #28]

Not to mess up the Thread.....but don't forget Kirstie Alley.... Not is the same league at all....but some hinky stuff...

Because She's Worth It? Kirstie Alley Bought $68 Million In Life Insurance, New Lawsuit Claims -- Friend Got $1M Commission

Kirstie Alley once had two life insurance policies totaling $68 million, RadarOnline.com has learned. Now, they are at the center of a ponzi scheme lawsuit, because the commissions the insurance agent, Michelle Seward earned from the transactions were allegedly invested in Alley's controversial...

radaronline.com

And

Kirstie Alley Forced To Settle In Lawsuit Over Diet Product Fraud

Kirstie Alley lost the battle in a lawsuit over her Organic Liaison weight loss products and was forced to settle with a hefty six-figure sum. According to a

radaronline.com

 

[Karen#1]

• Forbes Magazine weighs in with the Scientology connection
  
  

  New York Money Manager Pleads Not Guilty In $1.8 Billion Fraud Case

  David Gentile also allegedly has links to Russian organized crime figure

  www.forbes.com

 

[Karen#1]

All religions have their share of crooks.
The difference with the cult of SCN is that the cult promises for huge GOBS of money to make you a supernatural type of being, more ethical, more aware, more perceptive, more CAUSE over Matter, Energy, Space and Time.

What codswallop !

Scn makes you ~~
More CAUSE over having *no conscience* whatsoever into being a flagrant thief of other people's life savings.

Noun
codswallop

1. (Britain, Australia, slang) Senseless talk or writing; nonsense; rubbish.
2. Synonyms: see Thesaurus:nonsense

Interjection
codswallop

1. (Britain, slang) Used to express disbelief: nonsense!; rubbish!

 

[Lee #28]

• Forbes Magazine weighs in with the Scientology connection
  
  

  New York Money Manager Pleads Not Guilty In $1.8 Billion Fraud Case

  David Gentile also allegedly has links to Russian organized crime figure

  www.forbes.com

David Gentile and "5 other co-defendants..."

Any news yet on who the other 5 are?

Perhaps some more Scientologists?

And on another note.....

It is fantastic to hear....that among all the Fraud and Ripoff....over all the years....that in the top 5, two of them are by Scientologists....

That is just an incredible statistic!

 

[ISNOINews]

David Gentile and "5 other co-defendants..."

Any news yet on who the other 5 are?

Perhaps some more Scientologists?

The defendants named in the SEC Civil Complaint are:

GPB CAPITAL HOLDINGS, LLC;

ASCENDANT CAPITAL, LLC;

ASCENDANT ALTERNATIVE STRATEGIES, LLC;

DAVID GENTILE;

JEFFRY SCHNEIDER; and

JEFFREY LASH

See: .

https://www.sec.gov/litigation/complaints/2021/comp-pr2021-24.pdf

/

 

[Karen#1]

Church of Scientology and Russian Organized crime ! LOL
We have sometimes called the cult a MOB>

Excerpt:

How Brooklyn-born David Gentile rose to the top and was able to run a $1.7 billion Ponzi scheme for four years we still don’t know in complete detail, but connections with the Church of Scientology and Russian organized crime help us understand how he could sustain such high credibility among his Wall Street peers and with the media despite the growing number of whistleblowers and law firms pointing to the contrary.

From hero to zero: How David Gentile kept his $1.7 billion running for so long - FinanceFeeds

Madoff days aren't over. There's always the next one. GPB Capital's $1.7 billion Ponzi scheme is a reminder that no asset class, regulated or not, is free from harm from predators within the trading industry.

financefeeds.com

 

[Karen#1]

David Gentile opens an off shore bank account and then "borrows" money from his own bank at high interest rates......the question is did he become MORE criminal after engaging with the cult ?

Or was he an outright crook through and through and the cult of SCN were totally unable to "get his ethics in" and missed the boat even though they pretend they have *TECHNOLOGY* to handle all this (at great cost.) LOLOL

 

[Harold#1]

Is the Scientology "ecclesiastical" leader's twin sister married to David Gentile's brother? Were Denise and Gerald Gentile working for David Gentile in New Hampshire when they first met? The Daily Mail says this:

"Gerald is Gentile's second husband. They met while Gentile was working at a New Hampshire company owned by a prominent Scientology. They were both married to other people at the time, according to the Times."

Twin sister of Scientology leader 'arrested for possession of marijuana and owned house used as drug den' DESPITE her religion's strict prohibition on street drugs

Denise Gentile is a high-profile member of the Church of Scientology and the sister of leader David Miscavige. A police officer in St Petersburg, Florida, stopped Gentile's SUV after she was seen leaving a 'known drug house.'

www.dailymail.co.uk

 

[Karen#1]

There is no relation whatsoever to David Gentile and Miscavige's sister Denise.