'Brazen Fraudster' Gets Four Years for $1.5 Million in Real Estate Scams

The former head of a real estate services firm who spent the $1.5 million he fleeced from victims on luxury cars, lavish hotels and cosmetic surgery was sentenced Tuesday to 51 months in prison for swindling consumers with a pair of real estate schemes.

Elviston Ramasir, 28, of Manorville, N.Y., former president of Home Free Realty Inc., pleaded guilty in January to committing two different acts of fraud for which he was also fined more than $1 million, the FBI announced.