Federal Judge Curtis Collier on Wednesday afternoon ruled that Josh Dobson and Paul Gott owe $3,091,651.56 in connection with land fraud in Dade County, Ga.
The judge was set to hand down prison sentences for Dobson and Gott on Thursday morning on the sixth day of the extended sentencing hearing over several weeks.
Judge Collier set the loss amount for purposes of sentencing at $11.8 million, which prosecutors said puts them in a higher range for sentencing.
He also set a higher sentence for Dobson after finding him a ring leader of the fraud at The Preserve at Johnson's Crook.
Judge Collier found that both men had lied to the jury at their trial, adding more time for obstruction of justice.
Prosecutor Perry Piper said the actual amount of the restitution should be $3,463,430.92, saying the $3.1 million amount was an earlier quick computation that had been refined. However, Judge Collier kept the restitution at the lower amount.
Prosecutors said the actual loss to banks and individuals was over $44 million.
However, the indictment listed a limited time period and specific victims.
Prosecutors said officials of the Southern Land Company illegally supplied down payments and mortgage payments for buyers.
Judge Collier found that Travis Shields, brother-in-law of Josh Dobson was also involved in activities surrounding the fraud and said he apparently received some of its proceeds.
Shields has not been charged in the case.
Tommy Dobson, father of Josh Dobson, also has not been charged.