Phoenix man gets 8 months for using homes to get cash loans

A Phoenix man who falsely claimed ownership of homes to leverage them as collateral for loans will serve eight months in jail.

The Arizona Attorney General’s Office announced Friday the sentencing of 67-year-old Daniel Barraza Nevarez for fraudulent schemes and artifices and money laundering.

He has also been ordered to pay more than $21,000 in restitution for the victims and their legal fees.

Prosecutors say Nevarez filed phony quit-claim deeds that transferred his ownership of single-family homes in Phoenix, Scottsdale and Paradise Valley.

He would then try to put up the homes as collateral for cash loans while using a false identity.

Prosecutors say his fraud was discovered through a sting operation conducted by the attorney general’s office and Scottsdale police.