Tucson man convicted in real estate fraud scheme - WFXG FOX 54 - News Now

Tucson man convicted in real estate fraud scheme

(Source: CBS 5 News) (Source: CBS 5 News)
TUCSON, AZ (AP) -

A Tucson man has been convicted in a real estate investment fraud scheme.

Federal prosecutors say 42-year-old Dino Sisneros was found guilty on three counts of wire fraud and two counts of transactional money laundering greater than $10,000.

Sisneros was accused of orchestrating a real estate investment fraud scheme between 2006 and 2008.

Prosecutors say he received more than $900,000 from investors and used most of their money for his own use including car payments, hotel bills and a ski trip to Colorado.

Sisneros is scheduled to be sentenced Sept. 5 in U.S. District Court in Tucson.

Prosecutors say he faces up a 20-year prison sentence on each count of wire fraud, up to a 10-year term on each count of transactional money laundering and up to $500,000 in fines.

Copyright 2013 Associated Press. All rights reserved.

  • NEWSMore>>

  • Shooting survivors on potential collision course with Trump

    Shooting survivors on potential collision course with Trump

    Saturday, February 17 2018 11:00 PM EST2018-02-18 04:00:42 GMT
    Monday, February 19 2018 12:56 PM EST2018-02-19 17:56:35 GMT
    Pressure is growing for tougher gun-control laws after a shooting at a Florida high school that killed 17 people.More >>
    Pressure is growing for tougher gun-control laws after a shooting at a Florida high school that killed 17 people.More >>
  • US women back in gold medal game after 5-0 win over Finland

    US women back in gold medal game after 5-0 win over Finland

    Monday, February 19 2018 1:33 AM EST2018-02-19 06:33:27 GMT
    Monday, February 19 2018 12:55 PM EST2018-02-19 17:55:23 GMT

    The United States will play Thursday for the gold medal that has eluded them for nearly two decades after beating Finland 5-0.

    More >>

    The United States will play Thursday for the gold medal that has eluded them for nearly two decades after beating Finland 5-0.

    More >>
  • Trump backs efforts to bolster FBI gun checks

    Trump backs efforts to bolster FBI gun checks

    Monday, February 19 2018 1:00 AM EST2018-02-19 06:00:59 GMT
    Monday, February 19 2018 12:53 PM EST2018-02-19 17:53:26 GMT

    In a series of furious tweets from Mar-a-Lago, Trump vented about Russia, raging at the FBI for what he perceived to be a fixation on the Russia investigation at the cost of failing to deter the attack on a Florida high school.

    More >>

    In a series of furious tweets from Mar-a-Lago, Trump vented about Russia, raging at the FBI for what he perceived to be a fixation on the Russia investigation at the cost of failing to deter the attack on a Florida high school.

    More >>
Powered by Frankly