A prominent Cuban-American businessman has pleaded guilty in Miami to fraud charges arising from a $135 million real estate scheme that fleeced hundreds of investors.

The victims include the Roman Catholic prep school that 73-year-old Gaston Cantens once attended. He faces up to five years in prison after pleading guilty Wednesday to a single count of wire and mail fraud conspiracy. U.S. District Judge Kathleen Williams set sentencing for April 4.

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