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Two people have been sentenced to federal prison for their roles in a Colorado real estate investment scheme that prosecutors say defrauded more than 400 people of at least $30 million.

The U.S. attorney’s office said Tuesday that Philip Lochmiller Jr. was sentenced to eight years in prison for money laundering and conspiracy to commit securities and mail fraud. Shawnee Carver was sentenced to serve two years for conspiracy to commit securities fraud and mail fraud.

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