ATLANTA (AP) -- A Detroit man has been sentenced to 10 years in federal prison for his part in a mortgage fraud scheme in the Atlanta area in 2001 and 2002.
U.S. District Judge Thomas Thrash also ordered 42-year-old Riley Graham to pay 670,000 dollars in restitution to lenders who were swindled.
Graham has also been sentenced to 20 years for participating in a Michigan drug ring. He was convicted February 13 of conspiracy, mail fraud, wire fraud and money laundering.
Prosecutors say Graham and a partner fraudulently obtained a 1.3 million-dollar loan to buy lots, and assisted in the sale of houses to "straw buyers" based on falsely inflated prices.