Crime & Safety

Burke, Springfield Residents Charged in Mortgage Fraud

U.S. Attorney's Office says total loss exceeds $6.5 million.

Six area residents have pled guilty in Federal Court to participating in a multi-million dollar mortgage fraud scheme involving more than 15 homes in Northern Virginia.

Loan Officer Javier Siveroni, 48, of Springfield, pled guilty to one count of an indictment charging him with conspiracy to commit wire fraud. He faces a maximum penalty of 20 years in prison when he is sentenced on November 4, 2011.

Three loan officers also pled guilty for their roles in the alleged conspiracy: Preston Cherouny, 45, of Washington, D.C.; John Leone, 44, of Vienna, VA.; Alejandro Alquinta, 35, of Springfield.

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Maria Teresa Sanchez, 44, of Burke, and Yolanda Salazar Camacho, 35, of Alexandria, pled guilty for their roles as loan officer assistants in the conspiracy. 

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. 

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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.

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.


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