A federal jury found two Marion County men guilty of fraud and money laundering in a $45 million land development in Dade County, Ga.
Joshua Dobson, 35, and Paul Gott, III, 40, will face sentencing on wire fraud, money laundering and conspiracy convictions on Aug. 8 before U.S. District Judge Curtis Collier.
The fraud scheme enticed buyers to sign their credit for land plots at The Preserve near Rising Fawn, Ga. Dobson’s company, Southern Group, would then pay the down payment and monthly mortgage payments and buy back the land after three years.
But payments stopped within a year and buyers were left responsible. Some declared bankruptcy.
The trial has lasted more than two weeks. Jurors deliberated all day Monday and reached a verdict at 11 a.m. today.
For more see tomorrow’s Times Free Press.
Todd South covers courts, poverty, technology, military and veterans for the Times Free Press. He has worked at the paper since 2008 and previously covered crime and safety in Southeast Tennessee and North Georgia. Todd’s hometown is Dodge City, Kan. He served five years in the U.S. Marine Corps and deployed to Iraq before returning to school for his journalism degree from the University of Georgia. Todd previously worked at the Anniston (Ala.) Star. Contact ...