News-Press

Published: Mar 24, 2014 5:14 PM EDT

CAPE CORAL, Fla.- Cape Coral real estate broker Greg Eagle will have to pay more than $23 million in restitution.

Eagle is serving a six-year prison sentence for bank fraud. He received a $17 million loan by using land he didn't own as collateral. Many of his investors lost their life savings.

$17 million will go to the bank, an additional $6.4 million will go to his victims.

Though, Eagle has claimed he's broke.