During an I-Team Troubleshooter investigation, ABC11 revealed how a company called Saving Carolina promised the dream of home ownership to Triangle residents.
Instead, those residents lost thousands.
Investigators say Douglas Scott Allen and his wife, Renee Keiser, were part of a complex scheme that provided false information to the banks and in turn the banks approved the mortgages.
Despite residents paying rent on those homes to Saving Carolina with the hope of owning it, investigators say the banks weren't paid, and Saving Carolina profited.
In court Friday, Allen was offered a plea deal, but did not take it. Instead, he wants to go to trial.
Allen is facing 10 charges - five counts of residential mortgage fraud, and five counts of obtaining property under false pretenses of more than $100,000.
Following his hearing, Allen waved goodbye to his wife as he went back to jail.
After hiding from ABC11 cameras in court and while walking out of court, Keiser had a change of heart and walked over to ABC11's Eyewitness News Center in downtown Raleigh.
"I wasn't a part of that, I don't know anything about it," she said. "I had my own business that I was running and raising my children. I just know my husband served this country for 13 years and dedicated his entire adult life to serving this country and being a good person and he is a victim as much as everyone else."
Keiser also said she supports her husband 100 percent.
Keiser did plead guilty to residential mortgage fraud earlier this week and already served six months behind bars for her involvement.
Her husband remains behind bars and his trial date is set for May.
ABC11 spoke to one of the victims of Saving Carolina. She says she's happy the law has caught up with the people behind Saving Carolina, as she says she put her trust in them and instead lost thousands.