Business ProfileforCapital Access LLC
Current Alerts For This Business
On April 14, 2016 a federal grand jury returned a six count superseding indictment (case 2:16-cr-0046) against Sergio Roman Barrientos owner of Capital Access, LLC.
According to the indictment between 2004 and 2008 Mr. Barrientos along with two others engaged in a foreclosure scheme, convincing homeowners nearing foreclosure to sign over the titles to their homes whereby “qualified investors” would take over the mortgage while the homeowners paid rent while working on rebuilding their credit. The homes were then sold to straw buyers, who had obtained loans under fraudulent pretense by stating on applications they intended to occupy the home and that no part of the down payment for the purchase was borrowed while it is alleged that Capital Access provided the down payments. The defendants then stripped the equity from the homes using it to pay operational and personal expenses. Court papers state the defendants caused approximately $27,025,635 in fraudulent home sales, involving at least sixty-nine properties.
On November 2, 2018, the U.S Attorney McGregor W. Scott announced Sergio Roman Barrientos was sentenced to 14 years in prison for conspiring to commit wire fraud affecting a financial institution and bank fraud.
Additional business information
At-a-glance
Related Categories
Business Details
- Location of This Business
- 1301 Tennessee, Vallejo, CA 94590
- BBB File Opened:
- 4/25/2016
- Type of Entity:
- Limited Liability Company (LLC)
- Number of Employees:
- 1
Customer Complaints
0 Customer Complaints
Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews
File a ComplaintBBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.