GPB Capital Founder Gentile Gets 7 Years for Ponzi-Like Fraud
Gentile, who was convicted by a federal jury in August, was sentenced Friday in Brooklyn, New York.
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Associated Press
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- Associated Press
No one killed in the Lake Tahoe boat capsizing wore a life vest, investigators say
SOUTH LAKE TAHOE, Calif. (AP) — None of the eight people killed when a boat capsized during a sudden and fierce storm last month on Lake Tahoe in California were wearing life vests, federal investigators said in an initial report released Wednesday. Four members of a family who were celebrating a birthday were among those who died when the 28-foot (8.5-meter) gold Chris-Craft vessel was inundated and flipped over amid 10-foot (3-meter) waves June 21 on the lake's western edge. Weather was mostly calm when the party of 10 left the marina around noon, but within about two hours winds were strong enough to create whitecaps, according to the preliminary report by the National Transportation Safety Board. By 2:30 p.m., as the boat was returning to shore, it began to hail and the vessel ended up sideways to the growing waves. 'The boat took on water and some of the passengers attempted to bail the water out of the boat,' the report states. 'At one point, a particularly large wave overtook the boat.' Two people were rescued immediately after it flipped over. One of the survivors was found clinging to a life vest and the other was wearing one, according to the report. Six people were found dead that afternoon and evening and two more bodies were discovered the next day. None of the people found dead had been wearing life vests, the report said. Four life vests and one life preserver ring from the boat were recovered from the accident site. Hikers on shore called 911 after witnessing the vessel capsize. No distress calls were made from the boat, the report said. Toxicology tests for alcohol and other drugs for the deceased were conducted, and results are pending, officials said. Snow was reported on the shore and a nearby weather station recorded a top wind gust of 39 mph (62 kph) at around the time of the accident shortly after 3 p.m. By 4 p.m., the weather began to clear, and the skies were cloudless again shortly before 5:30 p.m., the report said. The intensity of the thunderstorm surprised even forecasters, who had predicted rain but nothing like the squall that lashed the southern part of the lake. Drowning and other accidental deaths occur each year on the lake, but boating accidents with numerous fatalities are rare, South Lake Tahoe Police Lt. Scott Crivelli said last month. There are an average of six deaths on the lake each summer, though there were a record 15 fatalities in 2021, he said.
Bloomberg
a minute ago
- Bloomberg
Trump Weighed Nvidia Breakup But Was Told It'd Be ‘Hard'
By Updated on Save President Donald Trump said he considered attempting to break up Nvidia Corp. to increase competition in artificial intelligence chips before finding out 'it's not easy in that business.' 'I said, 'Look, we'll break this guy up,' before I learned the facts here,' Trump said Wednesday at an AI summit in Washington. Trump said he was told by aides that doing so was 'very hard' and that the company held a substantial advantage over all competitors that would take years to overcome.
Associated Press
a minute ago
- Associated Press
A timeline of the Jeffrey Epstein investigation, now 20 years old
Interest in the Jeffrey Epstein sex trafficking investigation has exploded over the past month even as President Donald Trump urged the public and media to move on from a saga he sees as ' pretty boring.' Conspiracy theories and outrage have swirled around Epstein since 2006, when the financier first faced criminal charges related to sexual exploitation of underage girls. He killed himself after more charges were brought in 2019. Fascination with the case reached new heights after Attorney General Pam Bondi suggested she had an Epstein 'client list' on her desk but then didn't release documents with any new information. Here is a timeline of the criminal cases against Epstein and his former girlfriend, Ghislaine Maxwell, who was sentenced to 20 years in prison for helping him abuse teenage girls. ___ March 2005: Police in Palm Beach, Florida, begin investigating Epstein after the family of a 14-year-old girl reports she was molested at his mansion. Multiple underage girls, many of them high school students, would later tell police Epstein hired them to give sexual massages. May 2006: Palm Beach police officials sign paperwork to charge Epstein with multiple counts of unlawful sex with a minor, but the county's top prosecutor, State Attorney Barry Krischer, takes the unusual step of sending the case to a grand jury. July 2006: Epstein is arrested after a grand jury indicts him on a single count of soliciting prostitution. The relatively minor charge draws almost immediate attention from critics, including Palm Beach police leaders, who assail Krischer publicly and accuse him of giving Epstein special treatment. The FBI begins an investigation. 2007: Federal prosecutors prepare an indictment against Epstein. But for a year, the money manager's lawyers engage in talks with the U.S. attorney in Miami, Alexander Acosta, about a plea bargain that would allow Epstein to avoid a federal prosecution. Epstein's lawyers decry his accusers as unreliable witnesses. June 2008: Epstein pleads guilty to state charges: one count of solicitating prostitution and one count of soliciting prostitution from someone under the age of 18. He is sentenced to 18 months in jail. Under a secret arrangement, the U.S. attorney's office agrees not to prosecute Epstein for federal crimes. Epstein serves most of his sentence in a work-release program that allows him to leave jail during the day to go to his office, then return at night. July 2009: Epstein is released from jail. For the next decade, multiple women who say they are Epstein's victims wage a legal fight to get his federal non-prosecution agreement voided, and hold him and others liable for the abuse. One of Epstein's accusers, Virginia Giuffre, says in her lawsuits that, starting when she was 17, Epstein and his girlfriend, Ghislaine Maxwell, set up sexual encounters with royalty, politicians, academicians, businessmen and other rich and powerful men, including Britain's Prince Andrew. All of those men deny the allegations. November 2018: The Miami Herald revisits the handling of Epstein's case in a series of stories focusing partly on the role of Acosta — who by this point is President Donald Trump's labor secretary — in arranging his unusual plea deal. The coverage renews public interest in the case. July 6, 2019: Epstein is arrested on federal sex trafficking charges after federal prosecutors in New York conclude they aren't bound by the terms of the earlier non-prosecution deal. Days later, Acosta resigns as labor secretary amid public outrage over his role in the initial investigation. Aug. 10, 2019: Guards find Epstein dead in his cell at a federal jail in New York City. Investigators conclude he killed himself. July 2, 2020: Federal prosecutors in New York charge Ghislaine Maxwell with sex crimes, saying she helped recruit the underage girls that Epstein sexually abused and sometimes participated in the abuse herself. Dec. 30, 2021: After a monthlong trial, a jury convicts Maxwell of multiple charges, including sex trafficking, conspiracy and transportation of a minor for illegal sexual activity. June 28, 2022: Maxwell is sentenced to 20 years in prison. January 2024: Public interest in the Epstein case surges after a judge unseals thousands of pages of court records in a civil lawsuit involving one of his victims. Almost all of the information was already public and the dayslong document dump proves disappointing to people who hoped it would spill new secrets about wrongdoing by the rich and powerful. But it fuels demands for even more records to be made public. 2024: Trump, who was in office when Epstein was arrested, suggests during the presidential campaign that he'd seek to open the government's Epstein files. February 2025: Attorney General Pam Bondi suggests in a Fox News Channel interview that an Epstein 'client list' is sitting on her desk. The Justice Department distributes binders marked 'declassified' to far-right influencers at the White House, but it quickly becomes clear much of the information had long been in the public domain. July 7, 2025: The Justice Department says Epstein didn't maintain a 'client list' and it won't make any more files related to his sex trafficking investigation public. July 17, 2025: The Wall Street Journal describes a sexually suggestive letter that the newspaper says bore Trump's name and was included in a 2003 album for Epstein's 50th birthday. Trump denies writing the letter, calling it 'false, malicious, and defamatory.' The next day Trump sues the paper and media mogul Rupert Murdoch. July 18, 2025: The Trump administration asks a federal court to unseal grand jury transcripts related to Epstein's case in an effort to put a political crisis to rest. July 23, 2025: A judge rejects a Trump administration request to unseal transcripts from the Epstein grand jury investigation in Florida but similar requests for grand jury transcripts in the cases against Epstein and Maxwell in New York remain pending. Meanwhile, a House Oversight subcommittee voted to subpoena the Justice Department for files. The full committee issued a subpoena for Maxwell to testify before committee officials in August.
