DENVER (AP) — One of three men involved in a Colorado real estate investment scheme that prosecutors say defrauded more than 400 people of at least $30 million will find out his fate.
Philip R. Lochmiller Sr., was found guilty in July of mail fraud, money laundering and conspiracy stemming from the scheme. He is scheduled to be sentenced in federal court on Friday.
Philip R. Lochmiller Jr. was sentenced to eight years in prison for money laundering and conspiracy to commit securities and mail fraud. Shawnee Carver has already been sentenced to two years for conspiracy to commit securities fraud and mail fraud.
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