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Guyana man gets 21+ years' prison in Florida mortgage fraud

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Posted at 6:33 AM, Jul 19, 2016
and last updated 2016-07-19 06:33:34-04

MIAMI (AP) — A Guyanese man has been sentenced to more than 21 years in federal prison for his role as ringleader of a multimillion-dollar Florida mortgage fraud scheme.

A federal judge also ordered 56-year-old Ravindranauth "Ravi" Roopnarine to pay more than $9 million in restitution to the defrauded banks and lenders. Three other people have also been sent to prison in the scheme.

Federal prosecutors said in a news release Monday that the scam involved about 150 residential properties in Indian River, Orange and Miami-Dade counties.

The group recruited mainly Guyanese residents of Florida and other states to act as straw buyers on fraudulent mortgage loan applications, leading to issuance of more than $50 million in fraudulent loans.

Roopnarine was convicted by a jury of three fraud charges in March.

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