Sacto 9-1-1
February 17, 2012
Elk Grove man sentenced in mortgage fraud case

By Rick Daysog
rdaysog@sacbee.com

An Elk Grove man was sentenced today to four years and nine months in prison for his role in an $8 million mortgage fraud scheme.

U.S. District Judge Edward Garcia also ordered Gabriel Viramontes, 49, to pay restitution after a jury found him guilty last March on bank and mail fraud charges.

According to the U.S. Attorney's office, Viramontes and his Sacramento-based partners -- 34-year-old James Roy Martin and 42-year-old Mario Fellini III -- recruited straw buyers who purchased 19 homes in the Sacramento area using phony documentation.

The sales generated illegal kickbacks and "substantial loan broker commissions," federal prosecutors said.

Martin and Fellini pleaded guilty previously and testified against Viramontes. Martin was sentenced to 20.5 months in prison and Fellini will get six months in prison plus five months of home detention.

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