Owner, CEO Of Manhattan Investment Fund Among Trio Indicted For $1.8B Ponzi-Like Scheme
A man who was the head of a Manhattan investment fund was arrested on Thursday and is facing securities fraud charges for his role in an alleged $1.8 billion Ponzi-like scheme that saw his company paying clients with their own money.
Long Island resident David Gentile, age 54, of Manhasset, the founder, owner, and CEO of GPB Capital Holdings, was charged with two others for scheming to defraud investors by misrepresenting the source of funds used to make monthly distribution payments to them, federal officials said.
Specifically, the three were charged with securities and wire fraud, …
Covid-19 Claims First Hollywood Celeb: Tom Hanks, Wife Rita Wilson Test Positive
Tom Hanks tweeted Wednesday night that both he and his wife, Rita Wilson, tested positive for the coronavirus.
The couple, both 63, are in Queensland, Australia filming an Elvis Presley biography in which Hanks portrays Col. Tom Parker, "The King" of rock and roll's infamous manager.
"We felt a bit tired, like we had colds, and some body aches," Hanks's post says. "Rita had some chills that came and went. Slight fevers too. "To play things right, as is needed in the world right now, we were tested for the Coronavirus, and were found to be positive.
"Well, now. What to do next? The Medical…
