Pearson sentencing for guilty plea on wire fraud charge set for end of month

By JIM BUTLER

Jerry “Jay” Pearson’s sentencing in federal court is now scheduled for January 30.

Pearson, of Boyce, pleaded guilty in August to a count of wire fraud.

Sentencing on December 3 was postponed. The Western District Court docket posted Monday, January 6 includes Pearson’s new date before Judge Dee Drell.

It is docketed for 2 p.m. in the second-floor courtroom of the federal building on Murray Street.

Pearson is accused of defrauding investors in a Self-Directed IRA scheme of about $3.4 million.

Penalty for the crime is up to 20 years imprisonment and up to $250,000 fine. Restitution can also be ordered.