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ALEXANDRIA, Va. (WUSA9) -- A former hotel broker has been sentenced to 11 years in prison for a series of multi-million dollar fraud schemes.

On Tuesday, 48-year-old Robert Timothy Koger, was sentenced to 11 years in prison for conducting fraud schemes that created losses exceeding $55 million, the U.S. Attorney's Office of the Eastern District of Virginia said.

Koger was a resident of Oakton, Virginia when he served as the president and owner of Molinaro-Koger, an international hotel real estate brokerage firm based in Tysons Corner.

The schemes Koger orchestrated included illegally flipping hotels, conducting a Ponzi scheme with escrow and extorting a Pittsburgh hotel owner, the U.S. Attorney's Office said.

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