An Eagan mortgage company owner was sentenced Wednesday to more than seven years in prison for defrauding several financial institutions of about $1.8 million and using some of the money to buy homes and "support a lavish lifestyle," federal authorities said.

John M. Rubischko, 37, was charged on June 16 and pleaded guilty 11 days later in federal court in St. Paul to wire fraud and aggravated identity theft.

Rubischko, who owned and operated Family First Mortgage, All Fund Mortgage and, devised a scheme from January 2003 through June 2007 that allowed him to use the identities and personal information of people without their knowledge or authorization to obtain about $1.8 million in bank loans, bank credit and mortgages.

Rubischko directed bank employees to notarize forged documents, create false documents, misapply money from bank loans and credit transactions for his benefit, and to conceal the transactions from the individuals whose identities he had used. Rubischko paid the bank employees for their help.

According to the plea, Rubischko also used his elderly mother's name to buy a Prior Lake property.