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SF real estate scam artist sentenced to 20 years


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2013 Mar 20, 10:29am   1,001 views  0 comments

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http://www.ktvu.com/news/news/crime-law/sf-real-estate-scam-artist-sentenced-20-years/nWxcw/

A man convicted in September of more than a dozen felony counts stemming from a complicated scam at San Francisco's One Rincon Hill luxury residential tower was sentenced Tuesday to 20 years in state prison. Jay Shah, 48, who was convicted along with co-defendant Winston Lum, was ordered by San Francisco Superior Court Judge Charlene Kieselbach to serve the 20-year term and pay a fine of $14.1 million -- twice the amount taken in the scam. "This was a fantastical web of lies and fraud orchestrated by Mr. Shah," the judge said, adding that he showed "a high degree of...

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