MINNEAPOLIS (AP) -- One-time auto magnate Denny Hecker is scheduled to be sentenced Friday in a scheme that prosecutors say duped lenders out of millions so Hecker could maintain his "high-flying lifestyle."

The 58-year-old Hecker pleaded guilty in September to two fraud-related charges.

Prosecutors are seeking the maximum 10 years in prison for Hecker, saying he lied to lenders and hid assets from a bankruptcy court.

Hecker's attorney is asking that U.S. District Judge Joan Ericksen sentence his client to no more than eight years, noting that Hecker pleaded guilty well before a possible trial.

Hecker has been in federal custody at the Sherburne County Jail since October, when U.S. District Judge Michael Davis ordered him arrested for failing to disclose how he spent nearly $124,000 in insurance money.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)