Jeff Gentry’s property will be auctioned off later this month.
The former Sparta businessman pleaded guilty in federal court Thursday. He faces up to 40 years in federal prison for mail fraud and money laundering charges. The U.S. Marshals service will auction Gentry’s property to benefit the victims.
Marshal Dany Shelton said the auction will have a little bit of everything.
“There will be thousands of items for sale grouped into 600 lots including tractors, tractor parts, forklifts, trucks, motor vehicles, farm implements trailers and much more,” Shelton said.
Gentry admitted he fraudulently used money from investors to buy a host of things, from cars to land. The land will be sold separately, Shelton said.
“The land will be dealt with after the auction and will probably be sold through a regular realtor or some conventional means like that,” Shelton said.
The auction will take place Saturday, Aug. 26 at Gentry Bros. Tractor Supply on Millers Point Road in Sparta. Potential buyers can preview the items Friday, Aug. 25 on site.