Bonneville Phoenix Network
 KTAR News
 Arizona Sports
92.3 FM KTAR

Tucson man convicted in real estate fraud scheme

TUCSON, Ariz. — 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.


comments powered by Disqus