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ABOVE – Mikhail Chernaya (aka: Michael Cherney, Michael Chernoy, Mikhail Semenovitch Cherny)
Cherney is wanted on an Interpol international arrest warrant on allegations of money laundering and organised crime, but in June 2010 The Jerusalem Post reported that Cherney is preparing an application to contest it before the European Union Court of Human Rights.

 

https://scientologymoneyproject.com/2020/02/24/the-background-influences-of-gpb-capital-holdings-hunter-biden-a-jeffrey-epstein-associate-a-biotech-company-and-a-russian-mob-connection/

 

When researching the origins of the Church of Scientology, the first place to begin is the life of L. Ron Hubbard prior to May 9, 1950 when Dianetics: The Modern Science of Mental Health was released. This pre-Dianetics period reveals the Thelemic Sex Magick ritual known as the Babalon Working which Hubbard performed with Jack Parsons. During this period in 1947, Hubbard also wrote his notorious Affirmations in which he declared (among other things):

  • Your psychology is advanced and true and wonderful. It hypnotizes people. It predicts their emotions, for you are their ruler.
  • You will make fortunes in writing.
  • You are a master adept and do not exist to serve people
  • Material things are yours for the asking. Men are your slaves. Elemental spirits are your slaves.

And finally:

  • Money will flood in upon you, for you are wise and able. You have no phobias about the rich. The rich are only people. You need not be offended or impressed by them… You are wiser than the rich. Your money will exist to serve you. As you spend it, more will flood in for you will spend wisely if well. You have no fears about money. You will always make it. You do not care how much you have. Having money gives you a comfortable feeling. You do not worry if you do not have it. You just make more. You want to make and spend money. It is not a primary concern with you, you do it with such ease and have such boundless energy.

Money would also flood in upon David Gentile, the Scientologist owner of GPB Capital Holdings. The number given is between $1.5 and $1.8 billion depending upon the source. Unlike Scientology, however, GPB Capital Holdings does not have First Amendment religious protections to fend off the consequences of its outrageous financial predation.


While GPB Capital Holdings was incorporated in 2013, its precursors, people, and connections go back decades. We begin with an associate of Jeffrey Epstein:

1995: Jeffrey Epstein and Amanda J. “Mandy” Ellison incorporate Ghishlaine Corporation in Florida. We come back to Mandy Ellison shortly.

1997: Future GPB insider Jeffry Schneider is permitted to resign from Merrill Lynch, Pierce, Fenner & Smith Inc after allegations involving foreign clients that inexplicably vanished. From BrokerCheck by FINRA:


1997: Jeffry Schneider takes a position with CIBC World Markets Corp. In 2002, he is discharged. FINRA BrokerCheck shows Schneider as having a checkered work history replete with many red flag events. Click here to read Schneider’s FINRA BrokerCheck report.


DOR BIOPHARMA 2002-2012

A brief history of the company Dor Biopharma is in order to explain, at least in part, the later formation of GPB Capital Holdings. Essentially, several key players in GPB Capital Holdings came together at Dor BioPharma in the period 2002-2012. Dor Biopharma, in all of its incarnations, has always been driven by high-powered financial investors. In this sense, Dor BioPharma exposed many of GPB’s future executives to the world of private equity and how to buy and sell companies using investor money. Dor Biopharma, which is now known as Soligenix Inc., also has connections to many powerful people.

Incorporated in Delaware in 1987 as ImmunoTherapeutics by Dr. Gerald Vosika, the firm focused on developing pharmaceuticals that could be patented. In June 1996, the firm sold 5,000,000 shares of common stock to Aries Domestic Fund and the Aries Trust, a Cayman Islands Trust, and 4,000,000 shares to Dominion Resources, Inc.

Shortly after the sale of its stock, ImmunoTherapeutics changed its name to Endorex in September 1996. An SEC filing in 1996 offers the details of this transaction. The SEC filing is signed by Lindsay A. Rosenwald, M.D. Chairman of the Board, President of Paramount Capital Asset Management, Inc., Paramount Capital Investments LLC and Paramount Capital, Inc. The SEC filing of 1996 states:

Dr. Rosenwald is an investment banker, venture capitalist and fund manager and is the sole shareholder of Paramount Capital, (1) a Subchapter S corporation incorporated in Delaware. Paramount Capital is the General Partner of Aries Domestic, (2) a limited partnership incorporated in Delaware. Paramount Capital is the Investment Manager to Aries Trust, (3) a Cayman Islands Trust.

This 1996 sale made Paramount Capital the majority owner of Endorex. Dr. Rosenwald went on to have quite a distinguished career in biotechnology and investment.

Under the guidance of Paramount Capital co-founder and executive Steve H. Kanzer, C.P.A., J.D., Endorex acquired Corporate Technology Development, Inc. (“CTD”) in November 2001. An SEC filing in 2006 states that “From 1995 until June 1999, Mr. Kanzer was a founder and Chairman of Discovery Laboratories, Inc.” This is important to note as future GPB Capital executive Evan Myrianthopoulous was a co-founder of Discovery Laboratories along with Mr. Kanzer.

In 2001 following its acquisition of Corporate Technology Development, Endorex changed its name to Dor BioPharma. The name was an acronym as stated in an SEC filing:

In August 2001, the Company executed a merger agreement with, and in November 2001, Endorex completed its acquisition of CTD, after receiving stockholder approval. In December 2001, we changed our name to DOR BioPharma, Inc. The new name, an acronym for Delivery of Oral Biopharmaceuticals, signaled our intent to further focus on drug delivery.

In 2001, David Gentile was a CPA working for his father Santo Gentile’s CPA firm Gentile, Pismeney & Brengel LLP (GP&B). Located on Long Island, the firm was founded in 1972. David Gentile and his father’s business partner Bernard Pismeny had larger ambitions than to remain in place as staid Long Island CPA’s.

2002: David Gentile and Bernard Pismeny incorporate Prospera Technology LLC in New York.  Prospera Technology was formed as company to purchase and hold shares in a biotech firm called Dor Biopharma. Why Gentile and Pismeny decided to purchase shares in Dor Biopharma is unknown at this writing. Prospera Technology LLC New York Incorporation Papers 2002.

2002: Evan Myrianthopoulus becomes a Director and CFO at Dor Biopharma Inc. Myrianthopoulous will later serve as a key executive at GPB Capital Holdings in charge of its Life Sciences portfolio. It is fair to assume that David Gentile met Evan Myrianthopoulous through Dor Biopharma.

2002-2004
: As noted in an SEC filing, former US Secretary of State Alexander Haig (1924-2010) served as a member of Dor Biopharma’s Strategic Advisory Board. Dor Biopharma was well connected in power circles through General Haig:

General Alexander M. Haig, Jr., Mr. Haig currently serves on our Strategic Advisory Board. He previously served as Chairman of the Board of Directors from December 2002 to November 2004. Since 1984, Mr. Haig has been Chairman and President of Worldwide Associates, Inc., a Washington D.C. based international advisory firm. He served as Secretary of State (1981-82), President and Chief Operating officer of United Technologies Corporation (1979-81), and Supreme Allied Commander in Europe (1974-79). Previously, he was White House Chief of Staff for the Nixon and Ford administrations, Vice Chief of Staff of the U.S. Army and Deputy National Security Advisor. Mr. Haig currently serves on the Board of Directors of MGM Mirage, Inc. and Metro-Goldwyn Mayer, Inc. He is also the host of his own weekly television program, “World Business Review”.

During this period of time when General Haig was serving on Dor’s Board, the company had (and still has) a BioDefense division. This division is primarily focused on developing an antidote for the highly poisonous and deadly Ricin toxin. Dozens of people in the West have been killed in Ricin attacks as it is a cheap and easy-to-manufacture toxin. When General Haig retired from the Board in 2004, he was replaced by his son Alexander P. Haig. A 2004 press release detailed this and other personnel changes at the Miami-based company.

March 17, 2003: Dr. Ralph Ellison, husband of Epstein associate Amanda J. Ellison, is appointed CEO and President of Dor Biopharma Inc.

August 21, 2003: Epstein associate Mandy Ellison and her husband Dr. Ralph Ellison are listed as selling shareholders of Dor Biopharma in a 2003 Prospectus Supplement:

July 9, 2004: Citing personal reasons, Dr. Ralph Ellison resigns as CEO of Dor Biopharma Inc. His time at Dor is very brief. Documents show that Ralph and Mandy Ellison flew on Jeffrey Epstein’s private plane and were guests on his private island along with a list of other influential people. See the searchable Lolita Flight Logs.

2004: Jeffry Schneider takes a position as senior vice president with Paradigm Global Advisors, the fund of hedge funds owned by Hunter Biden and his Uncle James. Joe Biden is then the senior US Senator from Delaware. See our article on the Hunter Biden-Jeffry Schneider connection.

2006: Jeffry Schnieder forms Onyx Capital LLC. According to an article in Seeking Alpha, Schneider used Onyx to market the bogus Ponta Negra funds from inside Hunter Biden’s Paradigm’s offices.  Corporate filing on Onyx. Alla Babikova, who will appear later in our narrative, worked at Onyx:

2007: Jeffry Schneider and David Gentile meet, this according to Schneider’s blog. Schneider does not mention the circumstances under which two of the future principals of the GPB Capital Holdings meet. At this time, Schneider is still working for Hunter Biden while simultaneously operating Onyx Capital. The Texas Secretary of State later issues a forfeiture of Onyx’s charter on January 28, 2011. The Biden-Schneider connection is part of our ongoing investigation.

January 12, 2009: In a Securities Purchase Agreement between Dor Biopharma and a select group of individuals, Rina Chernaya — the daughter of alleged Russia mobster Michael Cherney — purchases $2,280,000 in Dor Biopharma shares. The purchase is made through McAnna LTD., a firm owned by Rina Chernaya and her sister Diana. In the same agreement Bernard Pismeny of GP&B purchases $11,400 in Dor shares. See the Securities Purchase Agreement on Scribd. This document places Michael Cherney, through his daughters, in a relationship with Bernard Pismeney and David Gentile who first purchased Dor Biopharma shares in 2002 via their Prospera Technologies LLC holding company.

February 13, 2009: A prospectus filed by Dor Biopharma with the SEC lists Prospera Technology  as a selling shareholder of Dor Biopharma along with Biotex Pharma Investments, LLC — See page 47, footnotes 3 and 8 of the prospectus.

  • Biotex Pharma Investments, LLC. All voting or dispositive power for Biotex is vested in Robert Kessler, the US agent for Michael Cherney.
  • Prospera Technology LLC, an entity owned by Bernard Pismeney and David Gentile. All voting or dispositive power in Prospera Technology is vested in David Gentile.

Biotex Pharma Investments, LLC is incorporated in Delaware. The man behind Biotex is Robert Kessler. Who is Robert Kessler? He is the agent for the Russian billionaire and reputed mobster Michael Cherney. Kessler handles Cherney’s US business interests and is intimately associated with Cherney e.g. in Gliklad v. Kessler we read of a court ruling adverse to Kessler that involved Cherney. In this case Gliklad was owed several hundred million dollars by Cherney. In a search for Cherney’s money, Gliklad claimed that Cherney fraudulently conveyed $1.8 million to Kessler:

Robert Kessler acts as the New York agent for Michael Cherney, a Russian businessman. Kessler performs services and manages various business entities which are affiliated with Cherney…

Kessler executed two promissory notes in favor of McAnna, L.P., which plaintiff contends is affiliated with Cherney and his family. The first note, dated May 14, 2007, was in the amount of $1,000,000. The second note, dated September 2, 2008, was in the amount of $500,000. Cherney purchased the notes from McAnna, L.P., for the sum of $1,800,000. Subsequently, he sent Kessler a letter dated July 27, 2013, stating, “On this day as your belated birthday present! I hereby forgive the principal amount outstanding of $1,511,800 plus all accrued interest under notes dated on May 14, 2007 & September 2, 2008” (Alioto Aff., exhibit 10)…

The holdings set forth in these cases are dispositive, and compel estoppel against defendant in the present action. Kessler is estopped from claiming to this Court that the conveyance from Cherney to defendant was compensation when defendant, under penalty of perjury, asserted to the IRS that the conveyance was something entirely different. Although defendant contends that the gift was really compensation, he proffers no W2 forms, 1099 forms, bank statements, or evidence that he has amended his 2014 tax returns to reflect such fact.

Accordingly, Kessler is estopped from recasting the gift from Cherney as compensation to defendant, and defendant has failed to show the existence of a genuine issue of material fact rebutting plaintiff’s prima facie case.

Accordingly, it is

ORDERED that the motion for summary judgment on the complaint herein is granted, and the Clerk is directed to enter judgment in favor of plaintiff against defendant in the amount of $1,800,000.00, together with interest at the statutory rate from July 27, 2013, as calculated by the Clerk, together with costs and disbursements to be taxed by the Clerk upon submission of an appropriate bill of costs.

The foregoing constitutes the decision and order of the court. Date: July 7, 2016

September 30, 2009: Dor Biopharma changes its name to Soligenix Inc. The press release is issued by Soligenix CFO Evan Myrianthopoulous.

2010: Interpol issues an arrest warrant for Cherney in 2010 on money laundering charges filed in Spain. This arrest warrant prevents Cherney from traveling outside of Israel where he now lives in exile. Cherney is a member of the class of Russian oligarchs who became wealthy by purchasing State assets on the cheap in the 1990’s following the collapse of the USSR. When Vladimir Putin rose to power, many of these Russian oligarchs engaged in capital flight to move money out of Russia. Much of this was conducted in two schemes. The first was called The Russian Laundromat;  the second The Troika Laundromat. From the Organized Crime and Corruption Reporting Project:

Laundromats are complex systems for moving money that allow corrupt politicians, organized crime figures, and wealthy business people to secretly invest their ill-gotten millions, launder money, evade taxes, and fulfill other goals.

According to Spanish authorities, Michael Cherney a/k/a Michael Chernoy a/k/a Mikhail Semenovitch Cherny is a Ukrainian-Israeli and the leader of one of Russia’s most infamous crime groups, the Izmailovskaya.

November 5, 2012: Evan Myrianthopoulus resigns from Soligenix Inc.

Summary: The period 2002-2012 at Dor Biopharma sees future GPB Capital Holdings executives meet: David Gentile and Evan Myrianthopoulous. Additionally, Jeffry Schneider and David Gentile meet in 2007. Bernard Pismeney is in the mix as is Michael Cherney, his daughters Rina and Diana Chernaya, and his US agent Robert Kessler.

The stage is set for the creation of GPB Capital Holdings. In our next installments we will bring in a few more people and three explosive documents that lay bare certain shocking details.

BACKGROUND: What Do Hunter Biden + Scientologist-Owned GPB Capital Have in Common?

 

https://scientologymoneyproject.com/2019/11/24/what-do-hunter-biden-and-scientologist-owned-gpb-capital-have-in-common/

 

Hunter Biden is in the spotlight right now. The son of former US Vice President Joe Biden, Hunter Biden has been a prominent figure in the Congressional hearings that almost certainly will lead to an impeachment trial against President Trump in the Senate. Biden is also under fire for making $50,000 a month while employed by the Ukrainian firm Burisma Holdings. Biden recently stepped down from his position as a Board member of the Chinese company BHR, a firm described by the Financial Times as, “a private investment fund backed by a number of Chinese state entities including Bank of China, China Postal Savings Bank and China Development Bank.”

That the Biden family has long mixed money and politics is no secret. This is true of many political family dynasties on both sides of the aisle. The proximity to a powerful political leader confers upon anyone — family member or friend — incredible access to elite business and social circles.

In 2006, then Senator Joe Biden’s brother James and his son Hunter entered into an agreement to purchase a New York fund of hedge funds called Paradigm Global Advisors. The firm was started in 1991 by Dr James Park, one of the many sons-in-law of Unification Church founder Sun Myung Moon. Dr. Park claimed that Paradigm had $1.5 billion in assets under management. The Bidens failed to conduct proper due diligence and Dr. Park’s claim was later found to be false.

In 2008 Barack Obama was elected President of the United States. Hunter Biden’s father Joe Biden was now the Vice President.

R. ALLEN STANFORD

James and Hunter Biden’s firm Paradigm became involved with Texas financier R. Allen Stanford. A new dual-branded firm was created: the Paradigm Stanford Capital Management Core Alternative Fund.

In 2009, the US Securities and Exchange Commission charged R. Allen Stanford in a staggering $8 billion dollar fraud:

The Bidens’ Paradigm Global Advisors was not involved in any way with the Stanford fraud. Indeed, Paradigm offered to turn over to a court-appointed receiver the $2.7 million in Stanford seed money it had received. At the time, James and Hunter Biden denied ever personally meeting R. Allen Stanford.

THE PONTA NEGRA FRAUD

Another troubling development related to the Bidens firm was the Ponta Negra fraud. Ponta Negra was a scam operated by a 27-year-old named Francesco Rusciano. From the 2009 SEC Complaint:

Australian blogger John Hempton discovered certain explosive facts lurking in the Ponta Negra story in 2009 (emphasis ours):

1. Ponta Negra gives its address in the second marketing document as 650 Fifth Avenue, 17th Floor.  This is the same address as Paradigm Global.

2. The contact on the first marketing document for Ponta Negra is Jeffry Schneider.  This is the same Jeffry Schneider who is quoted in this Wall Street Journal article as being the marketer for Paradigm Global and effectively spins for the Bidens.
3. This SEC filing gives an address and phone number for Ponta Negra.  The address and phone number is a number through the switchboard of Paradigm Global and until recently it was a way of getting into contact with Ponta Negra.
At a minimum Paradigm Global – a fund of fund managers owned the Vice President’s family, housed an alleged fraudster. The alleged fraudster used the same phone number as the Vice President’s family business, the same marketing machine and traded off the good name of the Vice President’s family business.

In 2009, The American Spectator reported on Ponta Negra, Jeffry Schneider, and the Bidens lack of due diligence (emphasis ours):

The SEC’s action against Ponta Negra is not the newsworthy event. It is the fund’s curious relationship with Paradigm Global Advisors, LLC. A fund of hedge funds, Paradigm is owned and managed by James and Hunter Biden, brother and son of Vice President Joe Biden.

The SEC has not alleged any wrongdoing by Paradigm, but as a fund of hedge funds, the firm’s forte is purportedly to be the wizards of due diligence. On this task, they have seemingly come up short. Ponta Negra and Paradigm occupied the same floor in a Manhattan office building, used the same marketing agent [Jeffry Schneider], and shared the same telephone number. Paradigm officials have explained that this curious set of coincidences was a result of Ponta Negra having leased office space and facilities from Paradigm.

Fair enough. But the shared marketing agent, Jeffry Schneider, had a sketchy past and was previously the subject of numerous complaints and litigation. The SEC’s action against Ponta Negra was filed in U.S. District Court in Austin, Texas, where Schneider was previously employed suggesting the SEC investigation likely began with him. Questions have been raised regarding Schneider’s past employment and the circumstances regarding his departures from previous investment firms.

The facts show that Jeffry Schneider brought in bad actors R. Allen Stanford and Ponta Negra into the offices of Paradigm. Schneider himself affirmed this. In doing so, we see Schneider working with unsavory characters in the mid-2000’s and even earlier.

JEFFRY SCHNEIDER

We know the name of Jeffry Schnieder from the story of Scientologist David Gentile and his scandal-ridden private equity firm GPB Capital Holdings.

As of this writing, Jeffry Schneider is the CEO of Ascendant Capital which appears to be nothing more than an alter ego of GPB Capital Holdings. We earlier posted the photo below of key players in the current GPB structure. This photo was taken at a party in Schneider’s Austin home in 2017. The party celebrated GPB having raised one billion dollars from investors through its broker-dealer network:

What Hunter Biden’s Paradigm Global Advisors and Scientologist-owned GPB Capital have in common is Jeffry Schneider in a key management position.

Our research thus far shows no dealings between Hunter Biden and  Jeffrey Schneider after 2010 when Biden and his partners unwound Paradigm. However, the research continues.

Recommended Reading: The New Republic — The Fall of the House of Moon
: Sex rituals, foreign spies, Biden offspring, and the Unification Church’s war-torn first family

National Review: Hunter Biden: The Most Comprehensive Timeline

 

HOW DID DAVID GENTILE AND JEFFREY SCHNEIDER MEET?

According to an Inc.com article describing how GPB Capital became a unicorn in five years, Gentile and Schnieder first met in 2007. This was when Schneider was working for Hunter Biden at Paradigm:

In 2007, David Gentile was a CPA working at his father’s CPA firm on Long Island. How did the two men who would become the co-founders of GPB Capital meet? To answer this question, at least in part, we post Schneider’s biography as found on his Onyx Capital website:

In 1990 Jeffry Schneider began his career at Alex Brown in New York City. In 1992 he joined Paine Webber and ultimately was recruited by CIBC Oppenheimer where he became a senior vice president with the Corporate and Executive Services team. CIBC is a leading integrated financial services corporation in New York, providing wealth management and investment banking services to family businesses, institutional investors, and others.

Jeffry Schneider then joined Axiom Capital Management, a full-service broker/dealer with operations in New York and Florida, where he was appointed senior vice president. Jeffry Schneider specialized in alternative investments and used this asset class to fulfill the financial needs of individuals and institutions.

In 2004, Jeffry Schneider moved into another senior vice president role, with Paradigm Global Advisors, where he managed and supervised the company’s US efforts in the marketing and structuring division of the firm.

In 2006, Jeffry Schneider founded Onyx Capital in response to the burgeoning interest in alternative investments emanating from high net-worth households and smaller, institutional investors. Despite the growth in allocations to hedge funds, private equity, real estate, and other alternative investments, private clients and smaller institutions have not had adequate assistance in identifying and investing in top-tier sponsors.

Onyx Capital LLC was owned by Jeffry Schneider. According to a piece in Seeking Alpha, Schneider used Onyx to market the bogus Ponta Negra funds from inside Paradigm’s offices. Coincident with this, according to his online resume, Schneider was working as a senior vice president for the Bidens Paradigm Global Advisors.

In its article Untangling floor 17, 650 5th Avenue, the FT examined the disturbing relationships between the various parties on the 17th floor of 650 5th Avenue in New York City where the Bidens had their Paragon office. The National Review article we cited above said of the 650 5th Avenue address:

November 12, 2009: Paradigm’s run of bad luck continues when the U.S. Department of Justice determines that the Manhattan skyscraper housing the offices of Paradigm is partially owned by individuals helping the Iranian government evade sanctions. By 2017, federal prosecutors would contend that the building “served as a front for the Iranian government and as a gateway for millions of dollars to be funneled to Iran in clear violation of U.S. sanctions laws.” There is no evidence that the Bidens or Paradigm knew of their landlord’s ties.


THE CREATION MYTH OF GPB CAPITAL HOLDINGS ACCORDING TO JEFFREY LASH

According to the creation myth of GPB Capital Holdings as written by former GPB executive Jeffrey Lash, it all began with Lash’s fondness for cars and selling cars. As he tells the story, he spent many years in the automotive industry where he excelled at all phases of the business. As a result, Volkswagen of America “awarded Lash an open point franchise in one of their largest metro markets.” Lash pooled money with silent partners — including his friend David Gentile — to fund the heavy costs of opening this first dealership.

Lash and Gentile shared a fondness for the automotive business and soon began to purchase more car dealerships. Soon their ambitions outstripped the ambitions and cash of their silent partners and the two had to look for a larger source of capital. Enter Jeffry Schneider (emphasis ours):

At that point, the silent partners didn’t share the goal of expanding to 10 or 20 more stores, prompting Lash and his team to seek other investment options. Lash and Gentile turned to Jeffry Schneider, president of a private equity firm. They formed GPB Capital LLC with Lash appointed as Managing Partner of Automotive. It was a bold move, and one that was crucial to Lash and his partners’ expansion and future. Lash, accompanied by Schneider and Gentile, traveled the country presenting automotive as an investment strategy. Investors were very excited about this new opportunity in the automotive sector…

In 2013, GPB Capital started with four dealerships and by 2017, had acquired 35 dealerships. They had the second largest purchase in history with Prime Automotive Group, and by the end of 2017 had 66 dealerships. GPB’s current dealerships range from highline brands, such as Mercedes, Porsche and Audi, to Japanese brands, like Honda, Nissan and Toyota, to domestics, such as General Motors, Ford and Chrysler. GPB Capital’s annual sales reached $3.2 billion in 2017 and it is now the ninth largest auto group in the United States.

David Gentile eventually pushed Jeffrey Lash out of the picture and GPB; Lash then sued Gentile and GPB in a short-lived lawsuit.

THE CREATION MYTH OF GPB CAPITAL HOLDINGS ACCORDING TO DAVID GENTILE

From the Inc.com article we sided earlier on GPB’s unicorn status, David Gentile offered this version of how GPB began:

How did GPB Capital transform from an idea to a billion-dollar company? To appreciate the feat, you first need to break down the chain of events — and it all started in 2007 when founders David Gentile and Jeffry Schneider first met.

  • In 2012, Jeffry Schneider formed Ascendant Capital. That company would later become the exclusive distribution partner of GPB Capital, which was formed in 2013 by David Gentile. Things went way uphill from there.
  • During the same year, GPB Capital launched GPB Holdings & purchased Lash Auto Group, signed the company’s first broker/dealer, and launched their GPB Automotive Portfolio.
  • In 2014, the company opened its first New York City office, successfully raising $100 million for the fund.
  • Subsequently, in 2015, GPB Capital raised another $250 million, launching a second fund (GPB Holdings 2) and closing their first.
  • The raises continue over the next two years, where GPB Capital brings in another $500 million in 2016.
  • In 2017, they finally achieved unicorn status and in the same year, GPB was named on Crain’s Best Places to Work in 2017″.

It only took four years for one small company to achieve success most entrepreneurs can only imagine.

The real story of what actually happened inside of GPB Capital has been coming out in a steady series of lawsuits against the firm. Toni Caiazzo Neff’s discovery of David Gentile’s 2013 involvement with the Chernaya sisters raises serious questions as Jeffrey Schneider and Gentile founded GPB Capital that same year. Based upon Neff’s work, we found David Gentile and Chernaya sisters RDRD Holdings in which the trio owned the substantial part of the offshore online gaming company SeanieMac. We covered this in an earlier post.

In another post, we will cover the Dripping Springs Holdings LLC matter in Texas. This appears to be an early Schneider-Gentile warm up for GPB Capital.