Loan Officer Sentenced for Scheme Involving 15 Homes

Allison Tussey —  November 7, 2011 — Leave a comment

Javier Siveroni, 48, Springfield, Va., was sentenced today to 24 months in prison, followed by two years of supervised release, for using his position as a loan officer to help carry out a multi-million-dollar mortgage fraud scheme involving more than 15 homes in the Northern Virginia area.

Siveroni pled guilty on Aug. 1, 2011.

According to court documents, Siveroni, a former loan officer at the Falls Church branch of SunTrust Mortgage, prepared and submitted false, fraudulent, and misleading mortgage loan applications for unqualified buyers”ā€¯individuals who lacked the finances, credit rating, or legal status to obtain a certain loan amount. The fraudulent mortgage loan applications contained false information regarding applicants’ employment, income, assets, immigration status, and intent to live in the property as a primary residence.

As part of the fraud scheme, Siveroni created, and taught his co-conspirators how to create, fake documents in order to corroborate false information contained in the loan applications. The total amount of mortgage loans approved through the conspiracy exceeded $6.5 million. The total loss attributable directly to Siveroni is over $2.5 million.

In related matters, three loan officers have pled guilty for their roles in the alleged conspiracy: Preston Cherouny, 45, Washington, D.C.; John Leone, 44, Vienna, Va.; Alejandro Alquinta, 35, Springfield. Maria Teresa Sanchez, 44, Burke, Va., and Yolanda Salazar Camacho, 35, of Alexandria, Va., also pled guilty for their roles as loan officer assistants in the conspiracy.

Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and James W. McJunkin, Assistant Director in Charge of the FBI’s Washington Field Office, made the announcement after sentencing by United States District Judge Liam O’Grady.

This ongoing investigation was conducted by the FBI’s Washington Field Office. Assistant United States Attorney Uzo Asonye prosecuted the case on behalf of the United States.

Be Sociable, Share!

Allison Tussey

Posts Google+

No Comments

Be the first to start the conversation.

Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong> 

*