Jun 30
2005

James H. Gentry of Sanger, Texas, president of Federal Funding, Inc. and First Realty of the Southwest, Inc. was indicted on June 30, 2005 in the 16th Judicial District Court in Denton County, Texas, Cause No. F-2005-1107-B for theft of $200,000 or more. In 2003 and 2004, Gentry allegedly sold bonds issued by Federal Funding, Inc., and First Realty of the Southwest, Inc. to an 85 year-old investor which totaled $390,990. Gentry allegedly used the funds from the bonds to pay other investors, to pay credit card debt he incurred in other people's names and to pay personal expenses.