A San Francisco-area man who claimed to be a real estate developer but instead defrauded his investors out of over $28 million, (real estate investment fraud) is on his way to prison.
U.S. District Judge Charles Breyer imposed a 6 1/2-year prison sentence on Maher Muhawieh, 32, following Muhawieh’s guilty plea to wire fraud. Judge Breyer has yet to determine the amount of restitution Muhawieh must pay his victims, which included family members and friends.
There is no evidence that Maher Muhawieh used the monies entrusted to him for anything other than his personal use.
Read the original article in the San Francisco Chronicle.