ALBUQUERQUE, N.M. (AP) — A 47-year-old Albuquerque man faces over five years in prison for his convictions in a real estate fraud case.
Rodney Chavez pleaded guilty in September to wire fraud and money laundering charges, and he was sentenced Monday by a federal judge in Albuquerque.
He was ordered to serve a 63-month prison sentence and pay restitution of approximately $847,000.
Chavez and two co-defendants were charged in January 2012 in a 22-count indictment. Authorities say the three men defrauded investors in a Mexico real estate venture out of more than $800,000.