Real estate scheme gets man 5 years in prison

2013-10-11T15:57:00Z 2013-11-05T15:01:48Z Real estate scheme gets man 5 years in prisonPatrick McNamara Arizona Daily Star Arizona Daily Star

A Tucson man convicted of running a real estate investment scam was sentenced to five years in prison.

Dino Sisneros was found guilty of wire fraud and money laundering in federal court in June.

Federal prosecutors said Sisneros solicited investments promising large returns. Instead of investing the funds in real estate purchases, however, he spent much of the money on personal luxury items, including ski trips, car payments and hotel bills.

Sisneros was also ordered to pay restitution of $963,200 to the victims of the scheme.

In addition, Sisneros faces trial in a separate case where federal authorities said he participated in an extensive mortgage fraud scheme.

The trial date on that case is scheduled for February 25.

Contact reporter Patrick McNamara at 573-4241 or pmcnamara@azstarnet.com. On Twitter @pm929.

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