SW Florida Man Gets 22 Years In Mortgage Scam Involving $30M+ In Fraudulently Obtained Loans On 36 Properties

In Fort Myers, Florida, The News Press reports:

• A man federal authorities believe spearheaded a $30 million real estate scheme based in Cape Coral was sentenced to 22 years in prison Tuesday. Ronald Luczak, 38, who with his wife Lisa ran Cape Coral Equity and Development Group Inc., said nothing as he was sentenced by U.S. District Judge John Steele. He pleaded guilty in September to one count each of wire fraud, money laundering and conducting a prohibited money transaction.

• Luczak was the last of four defendants — one of whom was a Cape Coral police officer — to be sentenced in connection with the case, which started in 2005 and ended in 2006, when they were arrested. Together, the couple created a scheme where they obtained more than $30 million in mortgages on 36 properties.

For more, see Cape Coral man gets 22 years for fraud (Ran $30 million real estate scheme).

For the press release from the U.S Attorney (Tampa/Fort Myers), see Cape Coral Man Sentenced for Role in $30 Million Mortgage Fraud Case.