News Talk 94.1/AM 1600 Where The Upper Cumberland Talks
The city of Sparta may benefit from U.S. Marshals Service auction.
The Marshals Service will hold an auction Saturday, Aug. 26 at the former Gentry Bros. Tractor Supply.
Sparta Public Works Director Dillard Quick told the city’s Board of Mayor and Aldermen he’d be attending the auction with city business in mind.
“I’ve talked to some people that worked there before it closed, and we have budgeted $5,000 for a forklift, I haven’t looked at it really close about the forklift to look at it, I’m going to go to the auction regardless if I buy anything for the city or not, it’s just something I thought we might look into, I know there’s three of them up there,” Quick said.
Gentry Bros. Tractor Supply owner Jeff Gentry pleaded guilty in federal court last week on money laundering and wire fraud charges for running a Ponzi scheme involving the business. The Marshals Service said the proceeds from the auction will go to Gentry’s investor-victims, who were defrauded of some $10 million.
