Prosecutors in Houston say Hassan Ali Pejouhesh took advantage of the U.S. postal system and about 500 people were affected by the scheme.
A jury in April convicted Pejouhesh of four counts of bank fraud, one count of possession of stolen mail and three counts of aggravated identity theft. A federal judge on Thursday sentenced him to a total of 247 months behind bars. The court also ordered payment of nearly $218,000 in restitution.
The 63-year-old Iranian national has been in custody since 2010 when authorities discovered stolen mail, fake credit cards and cash in his apartment.