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Real estate promoter Frederic “Rick” Dryer was sentenced Friday to 132 years in prison following his conviction last year on 44 felony counts of theft, securities fraud, conspiracy and racketeering.

Dryer, 60, was founder of now-bankrupt, Greenwood Village-based Mile High Capital Group, which prosecutors said took more than $34 million from 1,250 real estate investors who thought they were investing in development of residential duplexes.

Denver District Court Judge Anne Mansfield also ordered Dryer to pay $3.43 million in restitution to victims of the Ponzi scheme.

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