49-year-old William Priest-Phillips of Nackawic was sentenced today (Friday) to three years in prison in connection with a mortgage fraud investigation.
William Priest-Phillips and his company, Priest Phillips Management Corp., were both charged with one count each of fraud over $5,000 and one count of uttering forged documents.
The 5-month long investigation was launched after police were tipped off by the New Brunswick Securities Commission, which led its own separate investigation into William Priest-Phillips’s activities.
