Original Indictment Against Joyce Allen & Sharon Kay Thomas

Here's a link to the original indictment against Joyce Allen & Sharon Kay Thomas for those who simply have an interest.

Indictment

Joyce Allen and Brian Murphy are in Prison, etc.

Here's another update on a few of the defendants (now criminals) involved in the Ponzi scheme.

Sharon Kay Thomas was sentenced by the court and the following was ordered: 
She was incarceration of 2 year(s) 1 month(s), followed by supervised release of for 2 years, and a special assessment of $100.00. 

Brian Murphy in the meantime is currently incarcerated at BOP - FCI Talladega and is scheduled for release on August 3, 2018. He is not eligible for parole. 

Likewise, Joyce Allen is currently incarcerated at BOP - FCI Aliceville and is scheduled for release on June 7, 2041. She is not eligible for parole.  Based on this sentence and her age, Joyce Allen will serve the remainder of her life in prison.

Joyce Allen

Finally!

This is the sentencing that so many were waiting for.  I imagine the anticipation preceding this sentencing was due to the fact that so many people dealt with Joyce Allen directly and feel betrayed in such a deep way.

Joyce Allen

I won't post all of the information but I will provide a couple of links for those interested.  The summary is that Joyce Allen was sentenced to 30 years in prison and ordered to pay $20,711,371.72 in restitution.  She was also ordered to pay the same amount in cash - which to be honest is a little of a mystery to me but I'm sure it will all become clear in the near future.

Here's the information available now -

The Chattanoogan

The Daily Times

Paulynn Wright's Prison Release Date

Just a little heads up - Paullynn Wright will be released on May 29, 2015 from prison. The records show that she will reside in Knoxville, Tennessee upon release and will be on supervised probation.

Paulynn Wright

Paulynn Kay Wright was a loan officer for several Knoxville mortgage companies and reached a plea agreement via her attorney, Chris Irwin.  According to the plea agreement she was described as her role was described as falling between a "minimal participant" and a "minor participant."

In September 2008, she obtained a $128,000 mortgage loan by falsely stating she had an investment with Benchmark Capital Investments LLC.  The information was in a bogus verification letter she obtained in cooperation with Joyce Allen, Kay Thomas and Dona Rector.

Sharon Thomas Sentenced: 25 months and $1.5M +

According to The Daily Times, the assistant to convicted investment scheme "con artist" Joyce Allen received a 25-month sentence in U.S. District Court Tuesday, March 24th in line with prosecutors’ recent recommendation for a slight sentence reduction.  In addition, Sharon Kay Thomas was also sentenced to two years of supervised release after her prison term has been served.  Judge Thomas Varlan also ordered her to pay restitution of $1,583,172.

I'm sure that most of those reading this blog know that Sharon Thomas was an assistant to Joyce Allen who was convicted last September on several counts of fraud and money laundering relating to the Benchmark Capital ponzi scheme.

You can read more on this at The Daily Times .

Sharon Thomas

Tiffiny Thompson's Sentencing Postponed (Again)

Not much action lately other than Tiffiny Thompson's sentencing hearing that was scheduled for March 25, 2015 has been rescheduled for April 25, 2015, 2:00 PM at Courtroom 4 - Knoxville, Federal Courthouse, 800 Market St., Suite 130, Knoxville, TN before Judge Thomas Varlan.

It seems obvious that something is going on between the defendants lawyers and the Federal DA, but what that is we're not certain.  Hopefully and prayerfully we want this to be justice for all involved.  Right now though it's a time for more waiting.

Tiffiny Thompson

Hearing Concerning Restitution & Details on the Loses

Brian Murphy -

The sentencing hearing for Brian Murphy has been set for March 24, 2015, 11:00 AM at Courtroom 4 - Knoxville, Federal Courthouse, 800 Market St., Suite 130, Knoxville, TN before Judge Thomas Varlan.

This is a continuation of his initial sentencing. This hearing is being held to order restitution to be paid by him.

Joyce Allen -


The sentencing hearing for Joyce Allen has been set for April 20, 2015, 02:00 PM at Courtroom 4 - Knoxville, Federal Courthouse, 800 Market St., Suite 130, Knoxville, TN before Judge Thomas Varlan.

Additionally, a spreadsheet showing net loss amounts for each victim who suffered losses in this case has been provided for downloaded on the government Victim Notification System website.