Denver man gets 24-year prison sentence in million dollar real estate scam

A Denver man has been sentenced to 24 years in prison for his part in a real estate scam that bilked victims out of millions of dollars.

Jose Ricardo Sarabia-Martinez was sentenced after being found guilty of multiple counts including felony violations of the Colorado Organized Crime Control Act (COCCA), COCCA-Conspiracy, forgery, theft, and criminal impersonation, according to a media release from the Colorado Attorney General’s Office.

As part of the sentencing, Sarabia-Martinez is expected to be ordered to pay restitution of nearly $1 million.

In addition to Sarabia-Martinez, five other co-conspirators have pleaded guilty to various charges related to the scheme, including his then wife, mother, father and brothers.

Read more: http://www.denverpost.com/2016/11/07/denver-man-real-estate-scam-prison/