ATLANTA (AP) -- A former attorney has been sentenced to more than
five years in prison for a real estate investment fraud scheme that took in a dozen victims in Georgia, Florida and Tennessee.
The federal sentence was handed to 53-year-old Steven Ballard of
McDonough on Thursday.
He must serve five years, three months in prison and three years probation.
He was also ordered to pay approximately $1.13 million in restitution to the fraud victims.
Prosecutors say the ponzi scheme took in more than $2 million
over three and a half years using bogus warranty deeds, sales
contracts or other documents to reflect nonexistent property
Ballard was a real estate and business law attorney and was
disbarred in 2006. He faced up to 20 years in prison.