June 3, 2010 - PHILADELPHIA—Roman Fitzmartin, 36, of Doylestown, PA, was sentenced today to 36 months in prison for mail fraud in connection with a real estate investment scheme, announced United States Attorney Zane David Memeger. Fitzmartin was the operator of the Doylestown Investment Group. His scheme involved selling real estate interests to investors for properties that he did not own. He also sold one property that he did own. In each case, he did not pay the investors what they were owed and used the proceeds to enrich himself. Fitzmartin cheated his victims out of $872,719.26. He pleaded guilty to the two counts of mail fraud on March 1, 2010.
In addition to the prison term, U.S. District Court Judge Harvey Bartle, III, ordered Fitzmartin to pay restitution in the amount of $755,000.
The case was investigated by the United States Postal Inspection Service and the Federal Bureau of Investigation. It was prosecuted by Assistant United States Attorney Richard J. Zack.
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