Statement on the March 23, 2016 Indictment — Dismissed January 30, 2017
The federal indictment dismissed in January 2017. The Government did not appeal. No conviction.
Newark, NJ · Updated June 16, 2026
A federal judge dismissed this case nearly a decade ago. The internet hasn't caught up.
On March 23, 2016, a federal grand jury in the District of New Jersey returned an indictment against me relating to alleged securities-fraud conduct that had ended in 2008. On January 30, 2017, the U.S. District Court for the District of New Jersey dismissed that criminal indictment on statute-of-limitations grounds. This was a dismissal, not a jury acquittal. The Government did not appeal. There was no retrial, no plea, no deferred prosecution agreement. The case ended.
DOJ press materials from March 2016 still circulate as PDFs. They were accurate when published. They are incomplete now — they predate the dismissal and were never updated. I have never been convicted of a crime, and I have never been barred from the securities industry.
— Guy Gentile
Five facts that did not appear in the 2016 press release
- 01
The indictment was dismissed.
On January 30, 2017, the U.S. District Court for the District of New Jersey dismissed the federal criminal indictment against Guy Gentile (Crim. No. 16-155) on statute-of-limitations grounds. This was a dismissal, not a jury acquittal.
- 02
The Government did not appeal.
The United States chose not to appeal Judge Linares' dismissal. The Court of Appeals never had the chance to disturb the ruling because the Government accepted it.
- 03
The conduct alleged had ended in 2008.
A federal grand jury returned the indictment on March 23, 2016, relating to alleged securities-fraud conduct that had ended in 2008.
- 04
No conviction. No plea. No deferred prosecution.
There is no criminal judgment of any kind against Guy Gentile from this matter. The case is over.
- 05
The DOJ press materials are stale.
PDFs and press releases describing the 2016 indictment continue to circulate online. They predate the 2017 dismissal and were never updated. They are historically accurate as of March 2016 — and historically incomplete after January 2017.
The record
- 2007–2008
Underlying conduct alleged in the indictment.
- July 2012
FBI arrests Guy Gentile in New Jersey on related allegations.
- 2012–2015
Cooperation with federal authorities.
- March 23, 2016
A federal grand jury in the District of New Jersey returns an indictment relating to alleged securities-fraud conduct that had ended in 2008 (Crim. No. 16-155).
- January 30, 2017
The U.S. District Court for the District of New Jersey dismisses the criminal indictment on statute-of-limitations grounds. This was a dismissal, not a jury acquittal.
- 2017
The Government does not appeal. The case is closed.