An Ashburn man with a D.C.-based business was sentenced to 15 years in prison—with all but 60 days suspended—for a mortgage and money laundering scheme in which he fraudulently obtained 21 mortgages with a total of $8 million in liabilities.

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Between 2005 and 2006, Edilio A. Barahona, 49, falsified loan applications on 11 homes, all in Eastern Loudoun County, according to a statement from the Loudoun County Sheriff’s Office, which uncovered the scheme and conducted the investigation.

Barahona was laundering money from his own business, E&M Sportswear, based in the District. The business reportedly sold counterfeit sports merchandise.

Barahona was using the homes, each of which was valued in excess of $500,000, to launder money from his business and was attempting to sell the homes at a higher price. A majority of the homes ended up in foreclosure.

Barahona pled guilty in March 2011 to four counts of false statements to obtain credit and one count of money laundering.

Barahona was sentenced in Loudoun County Circuit Court on Monday to 15 years in prison with all but 60 days suspended; three years supervised probation and 300 hours of community service. He remains held at the Loudoun County Adult Detention Center.

According to LCSO, the mortgage fraud scheme came to light in October 2006 when deputies were conducting a search warrant on a home on Riverpoint Drive in Lansdowne, in an unrelated investigation.

The case was investigated by the Loudoun County Sheriff's Office Financial Crimes Unit and the Virginia Office of the Attorney General's Financial Crimes Intelligence Center.