GPB Capital Holdings LLC founder David Gentile, who faces criminal and civil fraud charges related to how he ran the private-equity firm, is asking for court-supervised mediation to obtain millions of dollars he says GPB owes him as its general partner and owner.
Mr. Gentile said in a letter to U.S. District Court Magistrate Judge Vera Scanlon in Brooklyn, N.Y. that his efforts to obtain distributions tied to tax obligations have been stymied by a court-appointed monitor who has had final authority over the firm’s actions since February. Mr. Gentile, who founded GPB in 2013, also said he is owed $5.1 million just to cover his estimated $6.1 million personal tax liability for last year, after the firm paid him $1 million against the obligation in January.