Jeffery Lynn Gentry sentencing hearing reset for April 26
By Kim Swindell Wood | February 5, 2018 8:59 am
According to documentation from the Middle Tennessee District Tennessee Northeastern Division, the sentencing hearing for Jeffrey Lynn Gentry that had been set for 1 p.m. Feb. 5, 2018 (today), has been reset for Thursday, April 26, 2018.
The following is the motion that was filed.
(1) Gentry pled guilty to a Criminal Information charging one count of Wire Fraud, in violation of Title 18, United States Code, Section 1343, and one count of Money Laundering, in violation of Title 18, United States Code, Section 1956. Gentry agreed to a Criminal Information and pled guilty via Plea Agreement to wire fraud and money laundering.
(2) Per the Plea Agreement, Gentry obtained approximately $43 million in fraudulent investments from more than fifty investor-victims. Several investors lost money in the scheme, while several other investors made money in the scheme. This case involves complex restitution and forfeiture issues that will take some time to resolve after the initial Presentence Investigation Report (“PSR”) is disclosed.
(3) The U.S. Probation Office, in preparing the PSR, has requested that the parties move to continue the presently set sentencing hearing so that it may accurately and correctly determine which victims are entitled to restitution. As of this filing, the initial PSR has not been completed and disclosed to the parties.
(4) The Defendant has also agreed to the forfeiture of several assets, many of which (primarily real property) remain unliquidated.
(5) 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.
Based on all of the above, the parties respectfully request this Court continue the sentencing of the defendant to a date no earlier than late April, 2018 in accordance with the Court’s schedule. This motion is not made for purposes of delay.