MEDINAH – A Medinah man has been sentenced to 16 months in prison for a mortgage scam involving two Chicago buildings that corresponded to a loss of $458,000 for Standard Bank, according to a Northern District of Illinois U.S. Attorney's Office news release.

George Dravilas, 37, of Medinah, plead guilty in February 2015 to one count of bank fraud. U.S District Judge Gary Feinerman sentenced him to 16 months in prison and ordered that he pay $463,110 in restitution. The sentence must begin no later than Sept. 21, according to the news release.

Dravilas was arrested in May 2014 after a long-term federal undercover investigation. In the scheme to defraud Standard Bank, the real estate agent from the western suburbs provided false documents as part of mortgage loan applications to finance two residential properties in the name of straw buyers who would in turn receive a share of the seller's loan proceeds, the release stated.

The properties involved were two apartment buildings in Chicago, one in the 6300 block of S. Parnell Avenue, valued at $45,000, and one in the 6600 block of S. Sangamon Street, valued at $47,000, which Dravilas was going to sell at the inflated price of $275,000 each. The straw buyers were going to receive a kick back of $100,000 on each transaction, and he was going to keep a fee of the proceeds in the process. The straw buyers, however, were undercover agents, according to the release.

As part of his plea agreement, Dravilas admitted that he was involved in additional mortgage fraud schemes involving two other real estate properties in Chicago, the news release said.

Co-defendant Bridget Hutcherson, 40, of Chicago, plead guilty in April 2015 to one count of bank fraud for providing a confidential informant with fraudulent W-2's, check stubs and earning statements in the name of straw buyers in exchange for $600 in December 2013, according to the release. Hutcherson is scheduled to be sentenced at 10:30 a.m. Aug, 10 by Judge Feinerman, according to the news release.