A Coto De Caza man who promised hundreds of homeowners that he would save their homes from foreclosure before bilking them out of more than $ 2 million pleaded guilty Friday to money laundering and fraud charges. Kevin Frank Rasher, 46, was sentenced to 12 years in prison after pleading guilty in Orange County Superior Court to 49 counts of money laundering and one count of preparing a false or fraudulent tax return.

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