Manhattan District Attorney Cyrus R. Vance, Jr., today announced the sentencing of SHARMON WADE, 37, to nine to 18 years in prison for defrauding investors in a scam that involved fictitious real estate property investments. Judge Michael Obus granted the District Attorney’s request that WADE be considered a predicate felon for previous convictions, and ordered WADE to pay $1,242,623.13 in restitution to these victims. WADE pled guilty on May 17, 2010, to grand larceny, securities fraud, scheme to defraud, and a violation of tax law.