Statement on the New York Post Coverage
Tabloid framing made for entertaining copy. It left out the cooperation, the dismissal, and the regulator-licensed businesses.
Updated June 17, 2026
The Post wrote a tabloid story. The actual story — federal cooperation, dismissed indictment, regulator-licensed businesses — was less colorful and almost never ran on page one.
I am on the record about the years the Post covered. I built businesses, I cooperated with the FBI, and a federal judge dismissed the indictment in 2017. The Post's coverage of those years emphasized things that sold newspapers. This statement points readers at the procedural facts that did not.
— Guy Gentile
Five facts to read alongside the headlines
- 01
Tabloid coverage is a genre, not a verdict.
The NY Post's pieces were written to entertain a tabloid readership — bottle service, models, boats. The actual procedural posture of the case got a line or two, deep in the body. None of it was a regulatory finding.
- 02
Federal cooperation was not the headline. It should have been.
Through the period the Post was covering the indictment, Guy Gentile was actively cooperating with the FBI in penny-stock manipulation investigations. That cooperation produced convictions and is acknowledged in open court filings. It rarely appeared in the tabloid pieces.
- 03
The 2017 dismissal was not given equal weight.
Chief Judge Jose L. Linares dismissed the federal indictment in January 2017. Bloomberg, Reuters, and Law360 ran the dismissal as news. The Post's coverage of the dismissal was smaller and less prominent than its coverage of the original charges.
- 04
No criminal conviction. No industry bar.
Across every NY Post piece, no editor ever printed those two facts side by side. They are true. They were true the day the first Post piece ran. They are still true today.
- 05
What was actually happening, in plain terms.
A New Jersey-born trader was building a direct-access broker-dealer (DAS Trader), a U.S. brokerage (SpeedTrader), and a Bahamian brokerage (SureTrader) — while simultaneously wearing a wire for the FBI on penny-stock manipulators. None of that is a tabloid story. All of it is the actual story.