John Fisher moved into the home in 2004 and for the next nine years promised the owner he would close on the sale when the banks released the millions he allegedly made in construction projects for the CIA.
Fisher pleaded guilty last week to five counts of theft of services over $10,000 and three counts of theft of services over $1,000.
He was given an agreed-on sentence of 10 years in prison and on Dec. 16 he will ask Criminal Court Judge James Beasley Jr. for probation.
According to an investigation, Fisher convinced contractors that the home was his, that he was worth millions and that they would be paid in full when the numerous home-improvement jobs were completed.
Victims included a roofing company, an appliance store, a gate company, a plaster company, two electrical companies, a swimming pool company and a pest-control company.
Their losses exceed $200,000, they told investigators.
The 8,000 sq. ft. home is in the 9300 block of Oak Knoll Cove in Cordova.
He spent some 17 months in jail while his cases have been pending, but he has been free on bond since earlier this year.
The case is being handled by Byron Winsett, chief prosecutor of the DA’s Public Corruption and Economic Crimes Unit.