Michael Anthony DowlenLocal real estate developer Michael Anthony Dowlen faces sentencing on 29 of 33 criminal charges related to fraud, check kiting and scheming to defraud investors as he built the Amberbrook Gardens subdivision in Hixson.
A federal jury found Dowlen guilty Wednesday.
The most-recent indictment, filed in May, charged that Dowlen began to defraud Colony Limited Partnership in June 2007 and continued the scheme until September 2008. The partnership had given him money to develop property.
Dowlen practiced “check kiting,” writing more than 50 checks ranging from $24,000 to $95,000 for a total of $1.9 million over the course of the scheme, according to court records.
He would write bad checks on an account at Northwest Georgia Bank in Rossville and deposit them into an account at Cornerstone Community Bank in Chattanooga.