U.S. Attorney Jason M. Frierson | U.S. Department of Justice
A Las Vegas man, Brandon David Sattler, has been sentenced to 51 months in prison for orchestrating a scheme that defrauded loan lenders of over $7 million. United States District Judge Gloria M. Navarro handed down the sentence, which also includes three years of supervised release.
Court documents revealed that from February 1, 2017, to October 1, 2018, Sattler executed a plan to obtain loans from three individual lenders by making false representations about his company's need for funds to fulfill renovation contracts with a hotel and casino. He also claimed similar dealings with other hotels and casinos. Sattler altered bank information to falsely inflate his account balance and persuade lenders to provide the loans. After securing the funds, he misrepresented facts to extend loan maturity dates and delay repayment deadlines.
Sattler pleaded guilty to one count of wire fraud and has two prior fraud convictions in California and Texas.
The announcement was made by United States Attorney Jason M. Frierson for the District of Nevada and Special Agent in Charge Spencer L. Evans for the FBI. The case was investigated by the FBI and prosecuted by Assistant United States Attorney Daniel Schiess.
