Bryan’s Gene Ferrell now can say for sure just where he is going to be for most of the next five years. Farrell was sentenced Monday to four years, 11 months in prison for his part in a nationwide scam involving around $25,000 worth of bogus sales of wooden pallets. He got off easy… The 38 year old Ferrell entered into a plea deal with prosecutors after he learned that if he didn’t cooperate, he could lose more than 35 years of his freedom for the fraud he committed. And, because of one stipulation in that plea deal, Ferrell got off even easier, because the state won’t file an objection to his application for judicial release. That could mean that Ferrell will have gotten away with the deception with as little as just a year behind bars. In the meantime, all of that hinges on his conduct while in jail. If he’s good, he stands to get out early. If he isn’t so good, he could be looking at substantially more time locked up.
Ferrell was found guilty in May of 16 counts of grand theft, one count of petty theft and one count of money laundering. One other part of his plea deal hinges on his payment of restitution of more than $231,000 to the various companies that he victimized. Oh, and one other thing… On Monday, Ferrell pleaded guilty to a seperate charge related to a drug deal that he did in Montpelier in May. He admitted in court yesterday to doing that drug deal as he was awaiting sentencing for the other charges. That case is now staring him in the face.