A Las Vegas man has been sentenced to 51 months in prison for defrauding loan lenders out of more than $7 million. United States District Judge Gloria M. Navarro handed down the sentence, which includes three years of supervised release following the prison term.
Court documents reveal that Brandon David Sattler, aged 47, orchestrated a fraudulent scheme between February 2017 and October 2018. Sattler deceived three individual lenders by falsely claiming his company required loans to complete renovation contracts with a hotel and casino, as well as purported contracts with other similar establishments.
To support his claims, Sattler altered bank information to inflate his account balance and persuade the lenders to provide funds. After securing the loans, he further misled lenders to extend loan maturity dates and delay repayment deadlines. The fraudulent activities resulted in over $7 million in losses.
Sattler entered a guilty plea to one count of wire fraud. His criminal history includes two prior fraud convictions in California and Texas.
The announcement was made by United States Attorney Jason M. Frierson for the District of Nevada and FBI Special Agent in Charge Spencer L. Evans. The investigation was conducted by the FBI, with Assistant United States Attorney Daniel Schiess prosecuting the case.