DreamLife to Prison Life
SAN FRANCISCO -- "A Central Valley man who was a finalist for naming rights to the 49ers football stadium was sentenced Wednesday to nine months in prison in connection with a real-estate fraud scheme."
"In 2004, DreamLife Financial (where Daniloo was branch manager) was a finalist for naming rights for the San Francisco 49ers football stadium at Candlestick Point."
"Tony J. Daniloo, 32, of Turlock admitted in December to embezzling between $2.5 million and $7 million from homeowners in the East Bay and the Central Valley. Prosecutors also said that he was responsible for more than $100 million in fraudulent loans. He pleaded guilty last year to all 122 counts that had been lodged against him in a federal grand-jury indictment handed down in August."
"Daniloo defrauded lenders and embezzled cash, in part by making false claims about liens on properties, while he was manager of the Dublin branch of a mortgage brokerage company from 2000 to 2002."