Posted on: December 5, 2024, 07:25h.
Last updated on: December 5, 2024, 07:31h.
High-rolling Las Vegas gambler Brandon Sattler has been sentenced to 51 months in prison after pleading guilty to a single count of wire fraud.
The 47-year-old admitted fraudulently obtaining more than $10 million from three individual loaners, James Russell, Grant Whitcher, and Julie Russell. He claimed he needed the money to fulfill renovation contracts he had with several Las Vegas casinos, according to court documents.
In reality, the only bona fide contracts Sattler had with casinos were the type that involved him risking money at their gaming tables with the expectation that he would receive a payout if he won.
In an April 2022 deposition, Sattler testified that he won and lost millions at casinos on the Las Vegas Strip and elsewhere.
Scott Sibella Links
In that same deposition, Sattler accused former MGM Grand and Resorts World Las Vegas president Scott Sibella of inappropriate behavior that potentially jeopardized his gaming license and of lying to the Nevada Gaming Control Board.
Sattler claimed Resorts World allowed a convicted felon, Dave Stroj, to operate the Tacos El Cabron restaurant on the property in a violation of Nevada law.
Sibella testified to the board that he did not know Sattler. But according to Sattler’s sworn disposition, they went way back. Sattler claimed he “partied and did drugs” with Sibella, and they “probably had sex with multiple women at the same time.”
Sibella was later fired by Resorts World over an unspecified violation of his employment contract. In May 2024, Sibella was sentenced to a year’s probation for violating the Bank Secrecy Act.
That was for allowing illegal bookie Wayne Nix to gamble at the MGM Grand, despite Sibella knowing his profession. The then-MGM Grand president admitted he didn’t want to ask about the source of the funds because he knew he would have to stop Nix from gambling.
Prior Convictions
Sattler is already a convicted felon. In 2004, he pleaded guilty to federal charges of aiding and abetting bank fraud in Texas. That same year, he was convicted of grand theft and forgery in California. In 2006, he faced fraud charges in Los Angeles County.
In the latest case, prosecutors accused him of altering information from his bank to make it appear that his account held more money than it did. This was to influence lenders into loaning money to his phony casino security firm, SattCom Video.
Instead of the punishments for prior offenses deterring the defendant from committing further crimes, it appears it has only led the defendant to engage in more sophisticated fraudulent schemes,” said Assistant U.S. Attorney Daniel Schiess in a statement.
Sattler’s lawyer, Shawn Perez, had asked for leniency, stating his client “has a demon – an addiction to gambling.”
“It’s an addiction that, unfortunately, has consumed his life for a number of years,” said Perez. “Though not an excuse for his crimes, it is a factor that need be considered – and in fact, a factor that Mr. Sattler wishes the Court to consider in imposing a sentence that is appropriate under the facts and circumstances of this case.”
Source link
Casino.org News 2024-12-06 01:59:35
