U.S. Attorney’s Office
Eastern District of Virginia
ALEXANDRIA, VA - Javier Siveroni, 48, of Springfield, Va., pleaded guilty today to using his position as a loan officer to help carry out a multi-million-dollar mortgage fraud scheme involving more than 15 homes in Northern Virginia.
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 the plea was accepted by United States District Judge Liam O’Grady.
Siveroni pleaded guilty to one count of an indictment charging him with conspiracy to commit wire fraud. Siveroni faces a maximum penalty of 20 years in prison when he is sentenced on Nov. 4, 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—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 to their roles in the alleged conspiracy: Preston Cherouny, 45, of Washington, D.C.; John Leone, 44, of Vienna, Va.; Alejandro Alquinta, 35, of Springfield, Va. Maria Teresa Sanchez, 44, of Burke, Va., and Yolanda Salazar Camacho, 35, of Alexandria, Va., also pled guilty for their roles as loan officer assistants in the conspiracy.
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.
A copy of this press release may be found on the website of the United States Attorney’s Office for the Eastern District of Virginia at http://www.justice.gov/usao/vae. Related court documents and information may be found on the website of the District Court for the Eastern District of Virginia at http://www.vaed.uscourts.gov or on https://pcl.uscourts.gov.
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Crimes related to foreclosure, phony work-at-home offers, debt relief, identity theft and mortgage fraud hurt not only consumers, but also legitimate businesses. Hygiene Products
ReplyDeleteAccording to reports from The United States Attorney’s Office, Alquinta worked as a loan officer at Falls Church’s SunTrust Mortgage from 2003 to 2006. Between 2005 and 2006, Alquinta acted as a loan officer for at least 14 fraudulent property transactions in which straw buyers and unqualified buyers obtained over $4 million in mortgage loan proceeds. In order to gain approval for these mortgage loans, Alquinta and others prepared false and fraudulent mortgage loan applications that were submitted to a lending institution. The mortgage loan applications contained materially false, fraudulent and misleading information, including false information regarding applicants’ employment, income and assets. As a direct result of Alquinta’s conduct, mortgage lenders suffered losses of nearly $500,000. Tulsa mortgage
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