Suspects in Multi-State Mortgage Fraud Scheme Charged in Chattanooga

Joshua O. Dobson, age 34, of Kimball, Tennessee; and Paul E. Gott, III, age 39, of Jasper, Tennessee, appeared today in federal court before the Honorable Susan K. Lee, United States Magistrate Judge, on an indictment charging them with wire fraud in violation of Title 18, United States Code, Section 1343; and money laundering in violation of Title 18, United States Code, Section 1957. Dobson and Gott defrauded hundreds of investors in California, Florida, Georgia, Tennessee, and Virginia. The total loss exceeds $45 million.

The investigation was a joint effort by the Knoxville Division of the Federal Bureau of Investigation, Chattanooga Resident Agency, and the Internal Revenue Service-Criminal Investigation Division.