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Roland Eid will do hard time after all.

The former construction boss and spy was sentenced Tuesday to seven years in prison for perpetrating multiple frauds in connection with the 2008 bankruptcy of ICI Construction — what Crown prosecutor Moray Welch called “the biggest commercial fraud ever to occur in the Ottawa area.” Welch had been seeking an eight-year sentence. Eid could be eligible for parole in little more than a year (one-sixth the sentence) because the events took place when a more lenient legal regime was in place.

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Superior Court Judge Timothy Ray on Tuesday also handed Eid a fine of $1.7 million — representing the amount of money he took with him when he fled to Lebanon. Eid will have five years after he serves his sentence to make restitution. If he fails to do so, his jail term will be extended.

“It’s not just the $1.7 million,” Ray said in explaining his sentence, it was the impact Eid’s actions had on the personal lives of people he worked with. “You lied to them over and over again,” the judge said. “It was a gigantic con. It was their blind trust in you that permitted you to manipulate them.”