Friday, March 02, 2007

Atlanta Federal Trial Reaching Conclusion

The Atlanta Federal Court trial of alleged mortgage fraud operator Phillip E. Hill, Sr. and others, involving over 150 charges of mail and wire fraud, false applications, money laundering and conspiracy in connection with an alleged property flipping, "straw buyer" operation, is finally reaching a conclusion after almost seven weeks of testimony from over 80 witnesses, according to an article in The Atlanta Journal Constitution, reported at ajc.com.

Of the co-defendants tried in this case, two have already received directed aquittals from the trial judge on Thursday. Five of those originally charged by the Federal grand jury avoided trial by pleading guilty before the start of the court proceedings and testified on behalf of the prosecution. Jury deliberations leading to the final verdict on Hill and the remaining co-defendants are set to begin on Monday.

To read more, see Alleged fraud kingpin called hapless but honest (link no longer available).

To read earlier reports on this story, see

Click here for Federal Grand Jury Indictment of Philip E. Hill, Sr., et. al. (approx. 2 MB) (link no longer available).

Go here for other posts on the Phillip E. Hill property flipping operation.
.