Las Vegas Man Sentenced to Prison for $7 Million Loan Fraud Scheme

Las Vegas, NV – A Las Vegas man has been sentenced to 51 months in federal prison for defrauding more than $7 million from loan lenders. Brandon David Sattler, 47, will also serve three years of supervised parole following his release.

According to court documents, between February 1, 2017, and October 1, 2018, Sattler orchestrated a scheme to deceive three individual lenders into providing loans for his company. He falsely claimed that the funds were needed to fulfill renovation contracts with a hotel and casino.

To further his scheme, Sattler altered his bank records to make it appear as though he had more money than he actually did. This misrepresentation influenced the lenders to provide larger sums of money. After securing the loans, he continued to mislead the lenders by providing false information to extend repayment deadlines.

Sattler pleaded guilty to one count of wire fraud, a charge that carries severe penalties. In addition to his recent conviction, he has prior fraud-related convictions in California and Texas.

This case serves as a stark reminder of the serious consequences of financial fraud, as prosecutors continue to pursue justice for victims of such schemes.

Sattler’s sentence underscores the importance of vigilance in lending practices and the legal system’s commitment to holding perpetrators of financial crimes accountable.