Doug Dyer , who was sentenced in September 2017 to serve 60 months in federal prison for carrying out a $4.9 million swindle, will be released soon to a halfway house.
He is set to be transferred from a federal facility at Lexington, Ky., to the Salvation Army in Chattanooga on June 30.
Officials said there has been a COVID-19 outbreak at FMC Lexington Federal Prison and, in coping with the virus at Lexington, that U. S. Attorney General William Barr had issued community corrections release to certain prisoners. Under these guidelines, Dyer qualified for release to a halfway house.
Dyer is not eligible for parole and will serve his full term with release date of March 4, 2022, it was stated.
Dyer, a former president of the Chattanooga Quarterback Club, went into prison on Dec. 1, 2017, along with James Brennan, who got 48 months.
Prosecutors said they victimized many Chattanoogans and investors elsewhere, and James Brennan was sentenced to 48 months in federal prison for carrying out a $4.9 million swindle that victimized many Chattanoogans and investors elsewhere