Feds sen­tence Vallejo man in mort­gage fraud case

Times-Herald (Vallejo) - - NEWS - By Kim Fu Con­tact re­porter Kim Fu at (707) 451-1836.

A Vallejo man has been sen­tenced to three years in pri­son in con­nec­tion with mort­gage fraud, U.S. At­tor­ney Mc­Gre­gor W. Scott with the Eastern District of Cal­i­for­nia an­nounced this week.

Omar An­abo, 57, was charged in con­nec­tion with con­spir­acy to make false state­ments on loan ap­pli­ca­tions. U.S. District

Judge Gar­land E. Bur­rell Jr. also or­dered An­abo to pay $379,068 in resti­tu­tion to vic­tims of the con­spir­acy.

Ac­cord­ing to court doc­u­ments, An­abo, Ser­gio Ro­man Bar­ri­en­tos, 66, and Zalathiel Aguila, 46, op­er­ated Cap­i­tal Ac­cess LLC in Vallejo, a com­pany of­fi­cials said preyed on home­own­ers near­ing fore­clo­sure. Be­tween Oct. 2004 and May 2007, the men con­vinced home­own­ers to sign over the ti­tle to their homes to Cap­i­tal Ac­cess and then spent any equity in those homes, of­fi­cials said. The money was then used for op­er­a­tional and per­sonal ex­penses.

As well, the men used straw buy­ers to ob­tain home loans un­der false pre­tenses and de­frauded fed­er­ally-in­sured fi­nan­cial in­sti­tu­tions out of mil­lions of dol­lars, of­fi­cials said. Vic­tims their homes and sav­ings and lenders lost an es­ti­mated $10.47 mil­lion from the fraud.

This case was the prod­uct of an in­ves­ti­ga­tion by the Fed­eral Bureau of In­ves­ti­ga­tion and the United States Postal In­spec­tion Ser­vice. As­sis­tant U.S. At­tor­neys Matthew M. Yelovich and Christina McCall pros­e­cuted the case. Bar­ri­en­tos was sen­tenced on Nov. 2, 2018, to 14 years in pri­son. Aguila was sen­tenced on July 26, 2019, to four years in pri­son.

kfu@there­porter.com @Re­porterKimF­u on Twit­ter

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