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flag GPB Capital Holdings' founders found guilty of $1bn fraud, risking $1.8bn raised from investors.

flag GPB Capital Holdings' founder David Gentile and Ascendant Capital CEO Jeffry Schneider were found guilty in a $1 billion fraud scheme that put at risk over $1.8bn raised from thousands of investors. flag The duo was accused of misleading investors about the source of funds used for monthly distributions and the revenue from GPB private equity funds, using money from the funds to cover shortfalls and enrich themselves.

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