Register | Forgot Your Password? | Close

TUCSON, Ariz. -- A Tucson man has been sentenced to five years in federal prison in a real estate investment fraud scheme.

Prosecutors said Friday that 42-year-old Dino Sisneros also was ordered to pay more than $963,000 restitution.

Sisneros was convicted in June after a 13-day trial on three counts of wire fraud and two counts of transactional money laundering greater than $10,000.

Prosecutors say Sisneros misled investors by promising them high rates of return in exchange for their money which he said would be used to invest in real estate from 2006 to 2008.

They say Sisneros instead used most of the money for his personal use on car payments, hotel bills and ski trips to Colorado.

Sisneros also was indicted in a mortgage fraud case that goes to trial in February.

Associated Press,

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

  • Family in Focus

    KTAR spends the week taking a look at the issues a modern Arizona family faces.