A Westchester County man has been charged in a multimillion-dollar real estate fraud scheme.

The U.S. Attorney says Andrew Laub posed as a real estate developer for six years and got people to invest in properties around Westchester and the Bronx. He was caught after admitting on a call that he used investors' money to pay off prior investors, and on personal items and gambling.

Prosecutors say he scammed New Yorkers out of roughly $5 million.

Laub now faces up to 20 years in prison.