Real estate developer Dwight Etheridge was sentenced to 50 months in federal prison and five years of supervised release for his role in a fraud scheme that contributed to the collapse of the Bank of the Commonwealth, according to the Office of the Special Investigator for Troubled Asset Relief Program.

The 49-year-old president of Tivest Development & Construction, LLC, of Chesapeake, Va., was convicted of conspiracy to commit bank fraud, bank fraud, false statements to a financial institution, and aiding and abetting misapplication of bank funds.

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