Friday, March 29, 2024
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Gentry Pleads Guilty To Wire Fraud And Money laundering

Jeff Gentry has entered a plea of guilty to the charges of wire fraud and money laundering.

Gentry pleaded guilty this afternoon in a federal courtroom in Nashville. His case centered around his role in a $43 million ponzi-type-scheme. Authorities said he used his Sparta-based businesses to bilk investors out of some $10 million .

A judge has scheduled a November 27th sentencing date.

He faces up to 20-years in prison on each count and monetary fines.

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