An Oklahoma City man was ordered Friday to serve 96 months in prison and to pay $2.2 million in restitution to victims of his real estate investment scheme.
Joseph Angelo Sivigliano, 80, was convicted at a trial in April of conspiracy, fraud and money laundering. U.S. District Judge David Russell chose his punishment Friday.
Prosecutors alleged Sivigliano used money investors put into a supposed charity, Helping Hearts and Hands Inc., to support himself, his associates and his businesses, including one called Celebrity Limo and Valet Corp.
His defense attorney told the judge Sivigliano has significant health issues and “any term of incarceration ... is tantamount to a life sentence.”