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MAN CENTERED AROUND PONZI-SCHEME PLEADS GUILTY IN FEDERAL COURT

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A man centered around a 43 million dollar ponzi-scheme in White County, Tennessee entered a plea in federal court today (Thursday, August 10, 2017). Court officials say Jeff Gentry told the judge he is guilty to charges of wire fraud and money laundering in a federal courtroom in Nashville. Authorities said he used his Sparta-based businesses to defraud investors. A judge has scheduled a November 27, 2017 sentencing date. He faces up to 20 years in prison on each count and monetary fines.