Phillip E. Hill Sr., 50, the ringleader of the largest mortgage fraud scheme ever prosecuted in Georgia, was found guilty of 168 counts of fraud and money laundering Wednesday. Nine accomplices also were found guilty by a U.S. District Court jury.
Judge Thomas W. Thrash Jr. said Hill “is looking at spending the rest of his life in prison.” Thrash didn’t sentence Hill on Wednesday but made the remarks in a bond revocation hearing following the verdict. He called Hill the “architect and mastermind of a mortgage fraud scheme of truly unbelievable and extraordinary proportions.”
