Jeffrey Cobb Sentenced To 2 Years In Federal Prison For Fraud

Monday, July 11, 2016 - by Jessica Kramer

Jeffrey Cobb was sentenced to two years in federal prison for fraud. He appeared in Judge Sandy Mattice’s courtroom on Monday.

Cobb, who worked for A-1 Title in Chattanooga, arranged for money, which was intended to go to sellers, to be transferred from a mortgage company.

Prosecution said Cobb took money from five people. Judge Mattice said he owed Old Republic Insurance approximately $565,000.

Cobb’s defense attorney, Myrlene Marsa, said the government was painting a picture of the money being deposited into a personal account. She said the defendant speculated that a deposit had not come in and, over time, began “knowingly paying bills” from an escrow account and widening the hole. She said he did not realize how much money was missing.

Judge Mattice asked where the money was, to which attorney Marsa responded that all of it could not be accounted for. She said Cobb kept his business afloat with the money. Judge Mattice questioned whether this was actually any different than using the money on a trip to Las Vegas.

Attorney Marsa argued that Old Republic was, at this point, the real victim, and that $500,000 was negligible, only .01 percent of their net worth. She said simply having a felony on Cobb’s record would be appropriate deterrent.

“When I took an oath, I took an oath to protect both the rich and the poor equally,” said Judge Mattice.

A representative from Old Republic said the firm assumed Cobb used the money to live off of and pay his ongoing expenses. He mentioned the defendant having children in private schools.

Cobb apologized for what happened.

“There was nothing malicious in it,” he said. “To be honest, I was scared to death.”

The defendant feared his wife losing their house if he was sent to prison.

“I’m just trying to hold my family together,” he said.

Judge Mattice said that, though Cobb was not a danger to society, a message needed to be sent.

Along with his sentence of 24 months, the defendant is required to pay restitution of approximately $565,000 to Old Republic and $27,000 to an individual.

 


Former Federal Judge Sandy Mattice Opens The Mattice Group Law Firm In Chattanooga

Sheriff Cross Intervenes When Tour Bus Tries To Drop Off Illegal Immigrants In Dade County

Police Blotter: Woman Scammed Of $600 Deposit For Cat On Facebook; Woman Says Man Slashed Her Tires


Former Federal Judge and Prosecutor Harry S. "Sandy" Mattice, Jr., who recently stepped down from the federal bench in East Tennessee, has announced the opening of The Mattice Group, a law firm ... (click for more)

Sheriff Ray Cross said he personally intervened after he was told that tour buses were dropping illegal immigrants off in Dade County. He said he told the bus driver to keep traveling to ... (click for more)

A woman told police she had put a down payment of $600 on a cat with a Visa gift card on Facebook. The woman drove down from Kentucky to pick up the cat from an address on Flynn Street and when ... (click for more)



Breaking News

Former Federal Judge Sandy Mattice Opens The Mattice Group Law Firm In Chattanooga

Former Federal Judge and Prosecutor Harry S. "Sandy" Mattice, Jr., who recently stepped down from the federal bench in East Tennessee, has announced the opening of The Mattice Group, a law firm with offices in Chattanooga. The opening marks Judge Mattice’s return to the private practice of law after 20 years of service in the executive, legislative and judicial branches of the ... (click for more)

Sheriff Cross Intervenes When Tour Bus Tries To Drop Off Illegal Immigrants In Dade County

Sheriff Ray Cross said he personally intervened after he was told that tour buses were dropping illegal immigrants off in Dade County. He said he told the bus driver to keep traveling to a big city that would have more resources for them that the rural North Georgia county. This account is on the Dade County Sheriff's Facebook page: "After receiving a call that ... (click for more)

Opinion

A City In Search Of A Symbol - And Response

Assurances have been given of a much larger and varied utilization of the 141-acre former Wheland Foundry/U.S. Pipe site, not merely a new stadium for the Chattanooga Lookouts. Discussion of the proposed new stadium for Chattanooga has dominated the use of the dormant site. Additional usages of the property itself as well as “ripple effects” of the development intentionally move ... (click for more)

Roy Exum: The Freaks Of College Football

It has been almost 20 years since Bruce Feldman, a marvelous sportswriter for theathletic.com and Fox Sports, came up with the idea of identifying the “Freaks” of college football. Wait, being called a freak is a good thing, a very good thing, on a football team. It means you are so strong or so fast or so “athletic” that your own teammates and coaches stand in awe, be it in the ... (click for more)

Sports

WindStone Chosen As Host Site For 2022 National Car Rental PGA Jr. League Regional

Twelve golf facilities across the nation, including WindStone in Ringgold, Ga., have been named host sites for the 2022 National Car Rental PGA Jr. League Regionals taking place in September. Nearly 200 teams of junior golfers ages 10-17 will enjoy two days of competition. Through PGA Jr. League, kids ages 17 and under learn and play golf on co-ed teams, wear numbered jerseys ... (click for more)

UTC Football Fall Practice Preview

Palpable excitement filled the air this past Tuesday evening at Finley Stadium. As players in various states of undress poured out from a pair of school buses and into the locker room, equipment managers and assistant coaches scurried to set up equipment. The hits of Drake, Future, and other rap stars began to play from the stadium’s loudspeakers as players, now uniformly outfitted ... (click for more)