By CBS 2 Chicago Staff

CHICAGO (CBS) — A former Hinsdale accountant has been sentenced to more than 16 years in prison for his role in a ponzi scheme.

Sultan Issa, 47, pleaded guilty to embezzling more than $77 million from several financial institutions and individuals.

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He promised to invest their money in legitimate opportunities, but he instead bought himself houses, cars, yachts and private jets.

In addition to time behind bars, a judge ordered Issa to pay more than $72 million in restitution.