Feds sentence Vallejo man in mortgage fraud case
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.
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