Published on: December 5, 2024, 07:25h.
Last updated on: December 5, 2024, 07:31h.
Las Vegas high roller Brandon Sattler received a 51-month prison sentence for wire fraud after admitting to deceiving individual lenders for over $10 million in loaned money.
Sattler’s fraudulent activities involved false renovation contracts with Las Vegas casinos, while in actuality, he used the funds for gambling purposes.
Scott Sibella Allegations
In a deposition, Sattler accused former MGM Grand and Resorts World Las Vegas president Scott Sibella of questionable actions that jeopardized his gaming license and misled the Nevada Gaming Control Board.
Sattler also claimed that Resorts World permitted a convicted felon, Dave Stroj, to operate a restaurant on the premises in violation of state laws.
Sibella denied any association with Sattler, but Sattler maintained they were long-time acquaintances, engaging in questionable activities together.
Sibella was ultimately dismissed from Resorts World for contractual violations and later received probation for breaching the Bank Secrecy Act.
Prior Criminal History
Sattler’s past includes convictions for aiding bank fraud, grand theft, forgery, and fraud in various states. Prosecutors accused him of manipulating bank information to secure loans for his illusory security firm.
Previous convictions did not deter Sattler from committing more sophisticated fraudulent schemes,” said Assistant U.S. Attorney Daniel Schiess.
Sattler’s attorney cited his client’s gambling addiction as a catalyst for his criminal behavior, seeking leniency from the court.