Mar.16, 2010, 7:01 AM

A one-time Waynesville resident is convicted in a mortgage scheme.

Prosecutors say Gregory S. Chew, 42, made more than $7.9 million and involved 57 property investors and 246 residential properties throughout greater Dayton.

Chew was accused of conspiring with Richard C. Confer Jr., 42, of West Carrollton, to fraudulently obtain more than $17 million in mortgage loans from more than 39 victimized mortgage lending institutions.

The trial took 15 days and jurors deliberated for some 28 hours.

Chew was convicted of one count of money laundering, one count of conspiracy to launder money and three counts each of mail fraud and wire fraud.

Chew faces jail time of up to 30 years for wire fraud and mail fraud, 20 years for conspiracy and 10 years for money laundering.

Confer pleaded guilty on Feb. 19 to one count of conspiracy to commit money laundering for his role in the scheme.