FBI Agent Said Losses Totaled $40 Million In Fraud At Dade County Development

Tuesday, April 29, 2014

FBI Agt. Stan Ruffin testified Tuesday that the loss associated with a fraud at The Preserve development in Dade County, Ga., to banks totaled $40 million.

Federal Judge Curtis Collier heard the testimony in connection with the sentencing of Josh Dobson and Paul Gott, who were convicted in an earlier trial.

Attorney Jerry Summers noted he is seeking zero prison time for Dobson, while the prosecution is at 151 months.

The hearing was cut off late Tuesday morning when Judge Collier said portions of the ceiling above him in the main third floor Federal Courthouse were falling - apparently from the overnight storm.

It resumed in the ground floor courtroom of Judge Sandy Mattice after lunch.

Then it was stopped later in the afternoon at the request of prosecutor Perry Piper. He said it related to "a horrible accident to an FBI agent."

Judge Collier said the hearing will resume at a time to be determined.

Agt. Ruffin said the banks loaned $44 million on the project in which "buyers" were told that the company would pay their down payment as well as make initial mortgage payments for up to several years.

He said SunTrust Bank and Farm Credit Bank lost $28 million on the project at Johnson's Crook near Rising Fawn, Ga.

The restitution amount was earlier put at $13.7 million, but the prosecutor said that was being dropped to $3.4 million based on the cases that were specified for the purposes of the indictment and trial.

   



Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ALGHUSSEIN, JAMIL ASAD  2814 WINDTHRUSH DR CHATTANOOGA, 37421  Age at Arrest: 21 years old Arresting Agency: Collegedale Booked for Previous Charges or Other Reason(s) --- AVERY, JUDAH CALEB  1210 TOMAHAWK CIRCLE CLEVELAND, 37311  Age at Arrest: 20 years old Arresting Agency: Chattanooga ... (click for more)

Corker, Aide Help Gain Release Of Holts From Venezuelan Prison

 Senator Bob Corker (R-Tenn.), chairman of the Senate Foreign Relations Committee, welcomed the release of American citizen Josh Holt and his wife, Thamy, who have been detained in a Venezuelan prison for the last two years.   “I am pleased to join Senator Hatch and President Trump in announcing the release of Josh and Thamy Holt,” said Senator Corker. “Senator ... (click for more)

Erlanger Is Earning Its Money

First of all, I don’t know what I’m talking about. However, I do have an opinion on the facility based on my past and recent visits thereto. Secondly, if you find yourself at Erlanger for anything other than welcoming a brand new baby or something else that’s happily miraculous, you’ve either done something stupid (me); somebody else did and you’re paying the price, or, God gave ... (click for more)

Roy Exum: School Board Suckered

Just eight short days ago, Hamilton County Commissioner Tim Boyd called a study on Hamilton’s County’s pseudo ‘socioeconomic desegregation’ farce as “the most far left, liberal document I have ever read. It does not represent the values of Hamilton County and I am insulted and disrespected by it." Then the School Board got so embarrassingly suckered  on Thursday  night ... (click for more)

Summertown Stops Sale Creek's Bid For A State Class 1A State Softball Title, 7-5

MURFREESBORO, Tenn. – Sale Creek had its sight set on making some softball history Friday. The Lady Panthers reached their first TSSAA state softball championship with a 3-1 victory over Cascade, powered by a Trinity Liner three-run homer on her 18 th birthday. A few hours later, they wanted to beat Summertown and set up a second title game for all the marbles. ... (click for more)

Silverdale Wins D-II-A State Softball Title

MURFREESBORO, Tenn. – Kaili Phillips got disqualified in the first inning of Thursday’s game against the Tipton-Rosemark Lady Rebels and nobody gave the Silverdale Lady Seahawks a snowball’s chance of winning that game. But they did. Nobody gave the Lady Seahawks much of a chance of repeating that feat less than 24 hours later in the winner-take-all final game, but once again, ... (click for more)