Breaking News


Shelbyville Man Gets 2-Year Sentence For Loan Fraud

Tuesday, March 09, 2010

A Shelbyville man involved in a loan fraud has been sentenced to two years in federal prison.

Bradley Aydelott appeared before Judge Sandy Mattice in Chattanooga.

He and co-defendants in the case were ordered to make a combined $2,258,066 in restitution.

Prosecutor Gary Humble said the lost was approximately $2.3 million in the mortgage fraud involving hundreds of homes in the Shelbyville area.

He said the scheme involved the sale of houses by Roger Dwight Ritch's American Value Homes and it was necessary because Ritch's homes were not selling fast enough for a positive cash flow.

Proscutor Humble said the group frequently misrepresented the sales price to borrow more money than necessary to make the purchase.

He said Aydelott entered false statements on the loan applications. He received $400 for each of the false loans and estimated the received a total of about $100,000 from the false loans.

Aydelott estimated he received about $60,000 from loan overcharges.


Ooltewah House Fire Causes Significant Damages, But No Injuries

A neighbor called 911 at 12:45 p.m. on Monday, reporting a house fire at 9331 Bill Reed Road, in the Ooltewah area.  The Tri-Community Volunteer Fire Department responded and reported heavy smoke coming from the eaves of the house. Firefighters also informed dispatch the home was about 475 feet off the main road. They laid over 700 feet of hose line to the home and ... (click for more)

Chuck Fleischmann Comments On President Obama's Budget

Congressman Chuck Fleischmann commented on President Obama’s Fiscal Year 2013 budget and said he would introduce his own legislation later this week to make a common-sense budget reform that will save hundreds of billions of dollars.  “The President has once again introduced a budget that will produce a deficit of over $1 trillion – his fourth budget in a row to do so. It ... (click for more)

We Are Blessed To Have Ron Littlefield As Our Mayor - And Response (3)

Chattanooga is blessed beyond measure to have Ron Littlefield as our mayor.  It is a total travesty our city has had to endure the long frivolous battle with absolutely  no foundation other than disagreement with policy issues.  It has always been a vendetta directed personally at Mayor Littlefield which, if the "interveners" decide to appeal, will be a proven fact.   ... (click for more)

Roy Exum: What 17 Pills Did To Me

Ah, step into my parlor of first-hand wisdom because, in the School of Hard Knocks, there are priceless lessons that you should know before it becomes your turn to dance. Never in my life have I ever had any back problems but, in early December, I came down with what is called sciatica and I have been a miserable man ever since. There are two big nerves that sprout out of the ... (click for more)

Lady Mocs Host Georgia Southern Monday On Autograph Night

The Lady Mocs will be gunning for their 13th SoCon victory Monday night when they host Georgia Southern at McKenzie Arena at 7 p. m. Following the game, the Lady Mocs players and coaches will be courtside for an autograph session. The Lady Mocs and the Eagles have met 48 times with UTC holding a 30-18 advantage. At home, Chattanooga is 18-4 against Georgia Southern but struggle ... (click for more)

Jay Fowler, Chris Walker To Speak at Quarterback Club

Jay Fowler and Chris Walker of Fellowship of Christian Athletes are the guest speakers for Monday's Chttanooga Quarterback Club at Finley Stadium at noon. Fowler, a Tyner and West Point graduate,  is the director of The Greater Chattanooga FCA, while Walker, a former University of Tennessee football player, is the FCA campus director for the Chattanooga ... (click for more)