Former Monterey Businessman Sentenced to 97 Months for Real Estate Investment Fraud

Former Monterey Businessman Sentenced to 97 Months for Real Estate Investment Fraud

SAN JOSE, CA – April 3, 2012 – (RealEstateRama) — David A. Nilsen was sentenced today to 97 months in prison and ordered to pay $69,828,833 in restitution following his conviction for conspiracy to commit mail and wire fraud in connection with his operation of Cedar Funding, a Monterey-based hard money lender, United States Attorney Melinda Haag announced.

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