A man from Nixa will go to federal prison for four years after pleading guilty to federal fraud charges.  Eric Gagnepain, 41, will serve the time without chance of parole.  Gagnepain was a co-owner of Greenleaf Companies, and admitted to aiding and abetting a bank fraud conspiracy that was part of a multimillion-dollar mortgage investment scheme.

Gagnepain pleaded guilty in January.  Gagnepain co-owned and operated Greenleaf Companies and all of its subsidiaries, along with Scott Dasal, 47, of Republic, from 2006 through May 2008.  During this time, Greenleaf sponsored real estate investment seminars that were designed to recruit potential investors to apply for mortgage loans for the construction and sale of residential homes in southwest Missouri and northwest Arkansas.

Gagnepain admitted he aided and abetted others in the creation and submission of fraudulent mortgage loan documents.  These mortgage loan documents contained false statements regarding the true source of monies provided at the time of closing, as well as fraudulently omitting the payment of monies obtained from the sale of the real estate properties.

Gagnepain derived more than $1 million in gross receipts from his criminal conduct. The total loss amount resulting from the bank fraud conspiracy is between $2.5 million and $7 million.

Under the terms of his plea agreement, Gagnepain was required to also plead guilty to state charges.  The sentence in the state case will be served concurrently with the federal sentence.

Dasal was sentenced last November to three years in federal prison without parole and ordered to pay $2,911,209 in restitution.  Dasal pleaded guilty to aiding and abetting a bank fraud.