A Brooklyn man who fraudulently cleaned up the credit histories of thousands of people was sentenced Thursday to five years in prison.
Edwin Jacquet, 38, of Brooklyn, was also ordered to repay $9.3 million in restitution for loans made to deadbeats he cleaned up. He faced up to six years in prison.
"He knew the people who were going to be getting loans probably weren't going to be repaying," said prosecutor Daniel Levy.
Manhattan Federal Court Judge Naomi Buchwald said Jacquet deserved a substantial sentence for the crime and for two prior federal convictions for transporting stolen checks and submitting false claims.
Jacquet advertised a credit repair business through two phony companies from 2007 and 2009.
He reported fake credit histories of people who paid him hundreds and sometimes thousands of dollars to two credit bureaus, Experian and TransUnion.
He was busted in 2011 and pleaded guilty in March to a charge of conspiracy to commit bank fraud.
Two cohorts pleaded guilty in October for their roles in the scam and are awaiting sentencing.
By Robert Gearty / NEW YORK DAILY NEWS
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