FEDERAL TRIAL FOR FORMER SPARTA BUSINESSMAN IS POSTPONED UNTIL FEBRUARY 2018

The trial of a former White County businessman who has been indicted in a Ponzi-like scheme which netted him $43 million from investors-turned-victims, has been delayed until February 2018. That is according to federal court officials. The case concerns 40-year-old Jeffrey Lynn Gentry who owned the former Gentry Bros. Tractor Supply and Gentry Bros. Auto Sales. Gentry has been charged with and pleaded guilty to wire fraud and money laundering. Gentry appeared in court to answer for the indictments on Aug. 10, 2017. He was then scheduled to appear before a judge for sentencing on Nov. 27, 2017. However, after a request was filed by the U.S. District Attorney’s Office, the judge granted a motion to postpone the hearing until Feb. 5, 2018. Prosecutors say that the motion was filed due to “ complex restitution and forfeiture issues that will take some time to resolve after the initial Presentence Investigation Report is disclosed. Furthermore, due to the number of victims in this case and potential forfeiture and restitution issues, both the government and defense counsel believe the sentencing hearing in this case may take up to half a day.” Additionally, the motion stated, “This motion is not made for purposes of delay, but rather to see that justice is served.” Until the new court date, Gentry will remain on release until his sentencing, according to the U.S. Attorney’s Office. Pictured are officials with the U.S. District Attorney General’s Office along with Internal Revenue, FBI and U.S. Marshal’s Service. Picture courtesy of The Tennessean.

 

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