Westminster Man Sentenced to 72 Months in Prison for Orchestrating a $1.7 Million Real Estate Scheme

DENVER – February 4, 2013 – (RealEstateRama) — Steven J. Mascarenas, 53, of Westminster, Colorado, was sentenced recently by U.S. District Court Judge Robert E. Blackburn to serve 72 months in federal prison for wire fraud, making a false statement to a pretrial services officer, and escape, U.S. Attorney John Walsh, Denver FBI Special Agent in Charge James Yacone, and IRS-Criminal Investigation Special Agent in Charge Stephen Boyd announced. Mascarenas was ordered to spend three years on supervised release after he serves his term of imprisonment. Judge Blackburn also ordered Mascarenas to pay restitution totaling $1,776,152.21. Mascarenas will surrender to the Bureau of Prisons once a facility is designated.