A former real estate developer was recently sentenced to prison in connection with a multiyear, multiproperty mortgage fraud scheme in Boston.

Michael David Scott, of Mansfield, was sentenced to 135 months in prison, five years of supervised release and ordered to pay restitution of over $11.3 million and forfeit $7.4 million.

According to court documents and statements, from September 2006 to April 2008, Scott, a former realtor and developer, arranged to purchase multifamily residences and later sold individual condominium units in the buildings to straw buyers. The buyers were fraudulently recruited by him and his co-conspirators, Jerold Fowler and Thursa Raetz, who promised the buyers that they would not have to make down payments, pay funds at closing or be responsible for mortgage payments, but would receive a share of the profits when the units were resold. To obtain the mortgage loans under the names of the straw buyers, Scott submitted mortgage loan applications with false information on the income from the buyers, personal assets, down payment and intention to reside in the condos. Nine National mortgage companies and one local bank were allegedly led to believe that the buyers had made down payments and previously paid funds at closings.

In June 2015, Scott pleaded guilty to 32 counts of wire fraud, 14 counts of bank fraud and 22 counts of money laundering. Fowler and Raetz, both of Norfolk, Virginia, pleaded guilty to two counts of wire fraud in June 2015 and are scheduled for sentencing on Nov. 20 and Nov. 19, respectively.