David Saks: NAVY SEAL & BORDER PATROL OFFICER PLEAD GUILTY TO MORTGAGE FRAUD

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

NAVY SEAL & BORDER PATROL OFFICER PLEAD GUILTY TO MORTGAGE FRAUD

Navy Seal, Border Patrol Officer Admit Mortgage Fraud Scam

Al Siapno, Leila Siapno, and Matthew McIntyre each pled guilty to conspiracy to commit wire fraud for their participation in a mortgage fraud scam to secure millions of dollars in fraudulent loans.

Al Siapno, a United States Border Patrol Agent, and his wife, Leila Siapno, admitted that they conspired with others to lie on mortgage loan applications and submit fraudulent documentation in order to refinance the mortgage on a property located on Winecreek Road, San Diego, California, a part of the Ivy Gate development of 4S Ranch.

Similarly, Matthew McIntyre admitted that he agreed to mislead mortgage lenders about his assets and financial condition by adding himself to someone else's bank account so he could claim the assets in that account as his own, to obtain a loan on a property on Bulrush Lane, Cardiff By the Sea, California.

The guilty pleas were entered before United States Magistrate Judge Nita L. Stormes and are subject to final acceptance by United States District Court Judge John A. Houston, at or before sentencing.

Two other defendants have already pleaded guilty in the same case. On February 2, 2012, David and Kristin Berkenfield entered guilty pleas to a conspiracy to make a false statement to a federally-insured institution. David Berkenfield, a Navy SEAL, and his wife Kristin admitted that they conspired with others to defraud mortgage lenders by falsely stating that Kristin's income was $41,000 per month, when in fact she earned no more than $300 per month from the specified source of income, to refinance a property located on Winecreek Road. As part of Berekenfield's guilty plea, the government agreed to dismiss the Information against him after one year if he does not become involved in any other unlawful activity.

Al Siapno and Matthew McIntyre are scheduled for a sentencing hearing on May 29, 2012, and Leila Siapno is scheduled on March 1, 2013. Kristin Berkenfield and David Berkenfield's are next scheduled to be in court on May 14, 2012 and December 7, 2012, respectively, before Judge Houston.

United States Attorney Laura E. Duffy announced the guilty pleas.

The guilty pleas bring to 21 the total number of mortgage-fraud related guilty pleas handled by the U.S. Attorney's Office in the last 5 months. In that same period of time, 13 defendants have been sentenced in mortgage fraud cases, resulting in restitution awards totaling in excess of $24.5 million. Also, in the same period, the federal grand jury in the Southern District of California has returned indictments against 11 other defendants for engaging in wire fraud, mail fraud, money laundering, and unlawful monetary transactions in connection with criminal mortgage fraud activity.

Courtesy Mortgage Fraud Blog




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Comment balloon 1 commentDavid Saks • March 07 2012 06:40AM

Comments

Where was the mortgage underwriter in this deal? It sounds like lender negligence to me.

That is not to say that these bad guys were innocent, but there is obviously more to this than we will ever know.

Posted by Thomas McCombs (Century 21 HomeStar) almost 8 years ago

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