General Crime

Nimer Anton Massis Burlingame man pleaded guilty to defrauding lenders

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A Burlingame man pleaded guilty earlier this week to defrauding lenders and the U.S. Small Business Administration to obtain about $1.9 million in loans for his various businesses, federal prosecutors said. Nimer Anton Massis, 40, pleaded guilty Wednesday in federal court in San Francisco to making false statements in three separate business loan packages in 2008 and 2009, according to the U.S. Attorney’s Office.

Massis, who owned at least three markets in San Francisco and Richmond, did not disclose on applications for each of the three loans that he was in default on about $630,000 in debt owed to Citibank, prosecutors said. The loans were made by Mission National Bank, One California Bank and Capital Access Group and were each guaranteed in some form by the Small Business Administration, prosecutors said.

Massis eventually fell behind and into default on the loans and owed about $1.8 million to the government and lenders when investigators discovered the fraud. He was indicted in October and still owed about $1 million as of last month, prosecutors said. Massis will return to court for sentencing on July 23. He faces a maximum sentence of 30 years in prison, according to the U.S. Attorney’s Office.

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  • Looks like Nimer Massis is starting to sell off his businesses…..24th & Bartlett Liquor store has a change of ownership notification in the window. Wonder if the government with take the profits from the sale?