FLASH: KERRI AGEE Facing 8 Years In Prison — Sentencing Next Thursday
December 3, 2021
By Joseph Coleman Contributing Editor
U.S. Attorney’s in the banc-serv trial are requesting eight-years in prison, plus three years of supervised release, for Kerri Agee, during a sentencing hearing next Thursday (December 9, 2021).
Agee was found guilty on August 4, 2021, on one count of conspiracy to commit wire fraud affecting a financial institution and four counts of wire fraud affecting a financial institution.
All five banc-serv employees will hold sentencing hearings scheduled to begin next week.
A recent development is a settlement in the bankruptcy case Agee faced against Newtek.
“Under the terms of that settlement, which U.S. Bankruptcy Judge James Carr approved Nov. 10, Newtek has been granted a $6.2 million claim in Agee’s bankruptcy case, rather than the $10.4 million Newtek had sought. The court has also imposed a $6.2 million judgment against Agee and in favor of Newtek. The judgment is non-dischargeable, meaning it will not be affected by any discharge of debt Agee might be granted through bankruptcy” according to Susan Orr of the Indianapolis Business Journal.