Real estate mogul gets prison for fraud scheme

QUINCY, Mass. — A Massachusetts real estate mogul who defrauded investors of millions of dollars is headed to prison.

The Patriot Ledger (http://bit.ly/2pwerNd ) reports that Daniel Flynn III, of Quincy, was sentenced to four years in federal prison and three years of probation on Tuesday. Flynn pleaded guilty to criminal fraud in February.

Authorities say he bilked at least $9.5 million out of 10 victims by using false representations of his real estate business in a Ponzi scheme. Prosecutors earlier claimed Flynn squeezed $21 million out of 150 people.

However, Flynn admitted to cheating 10 victims as part of the plea deal.

A judge imposed a lesser sentence than the nearly six-year sentence recommended by prosecutors as part of the deal.

Flynn was also ordered to repay his victims.

___

Information from: The (Quincy, Mass.) Patriot Ledger, http://www.patriotledger.com

You may also interested in

The Latest: EU official urges Catalonia not to break away

Oct 13, 2017

European Commission President Jean-Claude Juncker is appealing to Spain's separatist Catalonia region not to declare independence as it will only encourage other regions to breakaway

Facebook: Accounts from Russia bought ads during US campaign

Sep 7, 2017

Facebook says it has identified nearly 500 fake accounts, probably run from Russia, that it says spent about $100,000 on thousands of ads that amplified politically divisive issues during the 2016 US presidential campaign

US ratchets up urgency on N. Korea ahead of China visit

Apr 5, 2017

The White House is ratcheting up the urgency over North Korea's nuclear pursuit ahead of President Donald Trump and President Xi Jinping's first meeting, with a senior U.S. official warning that the "clock has now run out" on Pyongyang

People also read these

The Latest: EU official urges Catalonia not to break away

Oct 13, 2017

European Commission President Jean-Claude Juncker is appealing to Spain's separatist Catalonia region not to declare independence as it will only encourage other regions to breakaway

Facebook: Accounts from Russia bought ads during US campaign

Sep 7, 2017

Facebook says it has identified nearly 500 fake accounts, probably run from Russia, that it says spent about $100,000 on thousands of ads that amplified politically divisive issues during the 2016 US presidential campaign

US ratchets up urgency on N. Korea ahead of China visit

Apr 5, 2017

The White House is ratcheting up the urgency over North Korea's nuclear pursuit ahead of President Donald Trump and President Xi Jinping's first meeting, with a senior U.S. official warning that the "clock has now run out" on Pyongyang

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH