Sherra Wright’s bond set at $20 million

Sherra Wright’s bond was set at $20 million during a court appearance Wednesday morning. She is charged with the murder of her ex-husband, NBA star and Memphis basketball legend Lorenzen Wright.

RELATED: 'I didn't do it,' Sherra Wright says to Lorenzen's family during bond hearing

Earlier this month, Sherra Wright and her co-defendant Billy Turner were in court for a bond hearing, but Wright's appearance was brief. Her attorneys cited issues with character witnesses and her hearing was pushed back.

RELATED: Sherra Wright in wheelchair during California court appearance

Turner moved to have his hearing and was eventually given a $15M bond.

During Turner's hearing, the public learned bombshell information regarding the alleged murder plot to kill Lorenzen Wright.

A statement provided by an informant, Jimmie Martin, was read. Martin was convicted in the murder of his girlfriend in 2012. He is currently serving 20 years in prison. He is also Sherra Wright's cousin.


The same statement was read Wednesday during Sherra's bond hearing.

Jimmie Martin claims to be the third co-conspirator in the murder. Prosecutors said that Martin flipped on Sherra Wright and Billy Turner and told homicide detectives he had information related to Lorenzen's killing.

In the statement, Martin detailed the alleged murder plot -- including a failed attempt in Atlanta, how Sherra got Lorenzen back to Memphis, clean-up of the crime scene and more.

RELATED: Sherra Wright's cousin details murder plot in bombshell statement

FOX13's Zach Crenshaw outlined Jimmy Martin's entire statement.

During Wednesday's bond hearing, prosecutors asked for a $10 million bond.

Sherra's attorneys asked for a $100,000 bond and claimed prosecutor's case was "built on sand." Lorenzen's family groaned at the request.

RELATED: Why MPD took five years to make arrest after Jimmie Martin's first confession

The judge later said there is a "reasonable likelihood of conviction" in the case.

He detailed incidents involving Sherra in jail, including an instance earlier this week.

The judge ultimately said Sherra Wright appears to be an ongoing danger to Shelby County, and he set her bond at $20 million.

Sherra's attorneys said, based on her financial condition, bond could have been $200 million. They didn't think she would have been able to get out on bond today anyway, so it is now time to move on.