**** UPDATE: APRIL 20, 2020: On April 15, 2019, after a nine day jury trial, Damon Grant Carriger was found NOT GUILTY on Count 5,8,10-11,14,17-18,21-22. Aminullah Sarpas was found GUILTY on Count 1,5,8,10-11,14,17-18,21,24, and NOT GUILTY on Count 31. The jury DEADLOCKED on count 1 for Carriger and count 22 for Sarpas and the court declared a mistrial as to those counts. (Count 1 is Conspiracy to commit mail and wire fraud; Counts 2 through 27 are mail fraud, counts 28 through 31 are wire fraud, counts 32 and 33 are money laundering.)
Count 1 was retried as to Damon Grant Carriger and, following a four day jury trial on that count, on February 24, 2020, Damon Grant Carriger was found NOT GUILTY.
On August 31, 2015, Louis Saggiani pled guilty to conspiracy to commit mail and wire fraud. The docket contains multiple documents filed under seal. The trial memorandum filed by the government indicates that both Saggiani and Samuel Paul Bain had pled guilty. None of the defendants have been sentenced.
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Samuel Paul Bain, aka Paul Bain, 35, Tustin, California, an owner and principal of the businesses, Aminullah Sarpas, aka Amin Sarpas and David Sarpas, 32, Irvine, California, also an owner and principal of the businesses, Damon Grant Carriger, 36, Corona, California, the principal sales manager, and Louis Saggiani, 64, Huntington Beach, California, the manager and chief accountant, have been arrested for allegedly offering bogus loan modification programs to financially distressed homeowners.
