LAS VEGAS – Brandon David Sattler, 47, a Las Vegas resident, was sentenced to 51 months in federal prison for orchestrating a fraudulent loan scheme that caused more than $7 million in losses. U.S. District Judge Gloria M. Navarro handed down the sentence, which will be followed by three years of supervised release.
From February 1, 2017, to October 1, 2018, Sattler devised a fraudulent scheme to deceive three individual lenders by obtaining loans under false pretenses. He falsely claimed that his company required loans to fulfill renovation contracts with hotels and casinos, misrepresenting that he held similar contracts with other properties.
To further manipulate the lenders, Sattler altered his bank records to inflate his account balance, creating a misleading appearance of financial stability. Once the loans were secured, he continued to mislead the lenders, making false statements to extend the loan maturity dates and delay repayment deadlines.
Sattler’s fraudulent actions resulted in over $7 million in financial losses to the lenders involved. He pleaded guilty to one count of wire fraud, and his prior criminal history includes two previous fraud convictions—one in California and another in Texas.
In addition to his prison sentence, Sattler will be required to pay restitution to the victims as part of his punishment.
This sentencing serves as a reminder of the severe consequences of financial fraud, as well as the federal government’s commitment to holding individuals accountable for deceptive practices that cause significant financial harm.