- Associated Press - Thursday, January 12, 2017

PHOENIX (AP) - A Tucson man has been sentenced to three years in prison in connection with a mortgage fraud scheme.

Prosecutors say Dino Sisneros also must pay more than $2.6 million in restitution.

A judge ordered that 12 months and one day of the sentence be served consecutively to the 60-month prison sentence Sisneros currently is serving in a related real estate investment fraud scheme, with the other 24 months to be served concurrently.

Sisneros pleaded guilty to conspiracy to commit wire fraud last April.

In his plea agreement, Sisneros admitted to committing mortgage fraud relating to various real estate properties.

As part of the conspiracy, material false statements were submitted on behalf of the loan applicants or straw buyers to the lenders.

Prosecutors say many of the properties went into foreclosure.


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