Hill Guilty Of 166 Counts In Straw Buyer Flipping Scam

The verdict in the Atlanta Federal Court flipping trial is now in. Atlanta real estate operator Phillip Hill (aka Phil Hill) has been found guilty by a jury on 166 counts of mortgage fraud. Nine co-defendants have also been found guilty on a number of counts. All but Hill have bonded out and are free pending appeals. Also convicted on charges including conspiracy, loan fraud, mail and wire fraud and money laundering were: Leslie Rector, David Van Mersbergen, Marcus C. Alcindor, Barbara Brown, Fred Farmer, Christine Laudermill, Robert Powers, David Thomas, and Dean Thomas.

To read more, see:

• Guilty verdicts in Phillip Hill Atlanta mortgage fraud scheme, reported by the Atlanta Business Chronicle
• Jury convicts in mortgage fraud, by the Atlanta Journal Constitution (link no longer available)
• Federal jury convicts 10 of $41 million mortgage fraud, an Associated Press article reported at macon.com (link no longer available)
• Florida Man Among 10 Convicted of $41 Million Mortgage Fraud (AP article)
• Hill, nine others, guilty of mortgage fraud (Jurors: Defense's argument that Hill was just bad at business didn’t hold water) (Daily Report article)

Click here for prior posts on the Phillip Hill case.

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