David Saks: January 2012

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Brokers ! Have a Meeting With Your Agents About Real Estate Fraud, NOW !


Brokers, set up a meeting with your agents and talk about real estate fraud, now !
Choose any five recent cases from the hundreds below for a roundtable discussion.
You might keep an agent out of prison and save your brokerage.
Real estate fraud has become a national nightmare.....

 



real estate fraud: LAWYER SENTENCED TO 15 YEARS IN PRISON FOR REAL ESTATE FRAUD - 01/22/12 12:57 AM
Former Chicago Lawyer Sentenced to 15 Years in Prison for Mortgage Fraud Involving at Least 102 Fraudulent Bailouts   CHICAGO—A former Chicago lawyer was sentenced to 15 years in federal prison for engaging in mortgage and bankruptcy fraud schemes involving a so-called “mortgage bailout” program that purported to “rescue” financially … (6 comments)

real estate fraud: MAN DEFRAUDS INDIVIDUALS & LENDERS OF MORE THAN $1.5 MILLION - 01/20/12 04:37 PM
  Woodbridge Resident Admits Defrauding Individuals and Lenders of More Than $1.5 Million   David B. Fein, United States Attorney for the District of Connecticut, announced that JOHN VOLOSHIN, 56, of Penny Lane, Woodbridge, waived his right to indictment and pleaded guilty today before United States Magistrate Judge Donna F. Martinez … (10 comments)

real estate fraud: MITIGATION ANALYST FOR HOME ELEVATION PROGRAM CHARGED WITH CONSPIRACY - 01/20/12 03:20 PM
Mitigation Analyst from Home Elevation Program Charged with Conspiracy   NEW ORLEANS—WANDA ACKER WILLIAMS, age 33, of New Orleans, Louisiana, was charged in a one count bill of information with conspiracy to commit bribery concerning programs receiving federal funds, announced U.S. Attorney Jim Letten. According to the bill of information, … (0 comments)

real estate fraud: CHESAPEAKE MEN INDICTED FOR FORECLOSURE RESCUE SCHEME - 01/20/12 10:48 AM
Chesapeake Men Indicted for Foreclosure Rescue Scheme   NORFOLK, VA—Philip Villasis, age 41, and Ray D. Gata, age 56, both of Chesapeake, Va., were indicted by a Norfolk federal grand jury on nine charges including conspiracy to commit wire fraud, wire fraud, and money laundering. Neil H. MacBride, United States … (4 comments)

real estate fraud: $10 MILLION RETURNED TO VICTIMS OF PUBLIC CORRUPTION - REAL PROPERTY TAX APPRAISAL & ASSESSMENT FRAUD - 01/20/12 02:33 AM
$10 Million Returned to Victims of Public Corruption Scheme, Including Kodak and the Town of Greece   ROCHESTER, NY—U.S. Attorney William J. Hochul, Jr. announced today that more than $10,000,000 in forfeited property has been returned to the victims of one of the largest public corruption cases ever prosecuted in … (2 comments)

real estate fraud: MAN SENT TO JAIL FOR REAL ESTATE PONZI SCHEME - 01/19/12 03:15 PM
Boynton Beach Man Sentenced to Jail in Mail Fraud Ponzi Investment Scheme   Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office; and Tom Grady, Commissioner, State of Florida’s Office of Financial … (0 comments)

real estate fraud: HELLS ANGELS PRESIDENT SENTENCED TO 70 MONTHS IN PRISON FOR MORTGAGE FRAUD - 01/19/12 03:10 PM
Former Hells Angels President Sentenced to More Than Five Years in Prison in Multi-Million-Dollar Mortgage Fraud, Money Laundering Scheme   SAN FRANCISCO—Raymond Foakes, 48, of Rohnert Park, California, was sentenced yesterday to 70 months in prison and ordered to pay $1,085,000 in restitution for his role in a multi-million-dollar mortgage … (0 comments)

real estate fraud: MAN PLEADS GUILTY TO DECADE LONG MORTGAGE FRAUD - 01/18/12 11:08 PM
Naugatuck Resident Admits Role in Decade-Long Mortgage Fraud Scheme in Bridgeport   David B. Fein, United States Attorney for the District of Connecticut, announced that ROBERT ILUNGA, 48, of Naugatuck, waived his right to indictment and pleaded guilty today before United States Magistrate Judge Donna F. Martinez in Hartford to … (4 comments)

real estate fraud: ATTORNEY & BUSINESSMAN SENT TO JAIL FOR FRAUD - 01/18/12 10:55 PM
Attorney and Businessmen Sentenced to Jail for Fraud   On January 13, 2012, U.S. District Judge David N. Hurd sentenced BENJAMIN VILOSKI, age 63, of Pittsburgh, Pennsylvania, to a 60-month term of imprisonment to be followed by a supervised release term of three years. This sentencing followed Viloski’s conviction on … (4 comments)

real estate fraud: MAN SENTENCED TO 57 MONTHS IN PRISON FOR MORTGAGE FRAUD - 01/18/12 02:42 PM
Washington County Man Sentenced to 57 Months in Prison for Mortgage Fraud Scheme   PITTSBURGH, PA—A resident of Washington, Pennsylvania has been sentenced in federal court to 57 months in prison on his convictions for mail fraud, United States Attorney David J. Hickton announced today. United States District Judge Arthur … (6 comments)

real estate fraud: STRAW BUYER PLEADS GUILTY TO LYING TO OBTAIN LOANS - 01/18/12 01:15 PM
Straw Buyer Admits Lying to Obtain Loans Robert Veazie has pleaded guilty to a fourth superseding criminal information in connection with obtaining residential home loans, including some in the Kirby Lofts condominium complex. Veazie entered his plea to one count of filing a false income tax return for failing to report … (0 comments)

real estate fraud: PROPERTY MANAGEMENT COMPANY OWNERS PLEAD GUILTY - 01/18/12 01:09 PM
Guilty Pleas Entered in Mortgage, Tax and Property Management Fraud Scheme Bryan W. Talbott, 48, and Chester D. Ransom, Jr., 44, owners of a property management company, have pleaded guilty to defrauding their clients, mortgage lenders, and the government out of more than $2.8 million. The defendants each pleaded guilty in … (4 comments)

real estate fraud: SWINDLER WITH $70,000 HIDDEN IN COWBOY BOOTS PLEADS GUILTY - $19 MILLION FRAUD - 01/18/12 01:02 PM
Mortgage Fraudster with $70,000 in his Cowboy Boots Admits Scam Christopher J. Warren, 29, Folsom, California, pleaded guilty to one count of wire fraud and one count of aggravated identity theft related to a $19 million fraud scheme. As previoulsy reported by Mortgage Fraud Blog, Warren was indicted in 2009 after defrauding … (0 comments)

real estate fraud: NASTY MORTGAGE SCAM LANDS SWINDLER IN PRISON FOR 12 YEARS - 01/18/12 12:52 PM
Egregious Mortgage Scam Lands Fraudster in Prison for 12 Years <!-- Date created -->
Eric Omar Jones, 41, Clinton, North Carolina, was sentenced by Chief United States District Judge James C. Dever III to 151 months' imprisonment followed by five years' supervised release for leading a straw borrower scam that involved … (0 comments)

real estate fraud: CHARGES FILED FOR SELLER MISREPRESENTATIONS IN STRAW BUYER FRAUD - 01/18/12 12:45 PM
Charges filed for Seller Misrepresentations in Straw Buyer Scam David R. Sharrock, 69, Mansfield, Ohio, Richard W. Balliett, 44, Bucyrus, Ohio, Rhonda J. McElroy, 49, Bellville, Ohio, and Ronald L. Kightlinger, 51, Crestline, Ohio, have been indicted and charged with multiple counts of bank and wire fraud in connection with a mortgage fraud scheme which … (0 comments)

real estate fraud: BROKER GETS TWO YEARS BEHIND BARS FOR FRAUD - 01/18/12 12:38 PM
Broker Gets 2 Years Behind Bars for Fraud Scheme Keith Davis, 39, Jacksonville, Florida, was sentenced by Chief U.S. District Judge Anne C. Conway to 2 years in federal prison for conspiracy to commit wire fraud.  As part of  sentence, the court also ordered him to pay $1,004,000.04 in restitution to the … (4 comments)

real estate fraud: FORMER EMPLOYEE OF MORTGAGE LENDER PLEADS GUILTY TO FRAUD - 01/18/12 12:34 PM
Former Employee of Mortgage Lender Admits Fraud Jorge Abbud, 33, Dover, N.J., a former employee of a Parsippany, N.J., mortgage lender admitted to taking $138,402 in illegitimate proceeds of multiple home sales as a result of a mortgage fraud scheme. The defendant pleaded guilty before U.S. District Judge William H. Walls in Newark federal … (2 comments)

real estate fraud: MORTGAGE BROKER GETS TWO YEARS IN PRISON FOR FRAUD - 01/18/12 12:26 PM
Broker Sentenced to 2 Years for Defrauding Lenders Douglas Skibicki, 42, Bethesda, Maryland, was sentenced by U.S. District Judge Catherine C. Blake to 33 months in prison followed by three years of supervised release for two counts of mail fraud in connection with a mortgage fraud scheme in which he defrauded lenders, family and … (2 comments)

real estate fraud: CLOSING ATTORNEY SENTENCED FOR FRAUD - 01/18/12 12:19 PM
Closing Attorney Sentenced for Improper Distributions William Helbley, Poland, Ohio, has been sentenced for his role in a scheme whereby lenders were induced to approve and fund loans based on the fraudulent loan applications.  Hebley, a title agent, assisted the ringleader in receiving thousands of dollars at closing from the mortgage proceeds. As previously … (4 comments)

real estate fraud: REAL ESTATE INVESTOR & LOAN OFFICER NET PRISON TERMS - 01/18/12 12:16 PM
Real Estate Investor Sentenced for Tax & Mortgage Fraud Deangelo Wade, 41, Detroit, Michigan, was sentenced on January 11, 2012, to 40 months imprisonment and ordered to pay restitution to the IRS and the FDIC. In addition, Abe Beydoun was sentenced to 12 months and one day imprisonment and ordered to … (2 comments)

   



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Comment balloon 2 commentsDavid Saks • January 24 2012 10:21AM
Brokers Have a Meeting With Your Agents About Real Estate Fraud,…
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Brokers, set up a meeting with your agents and talk about real estate fraud, now Choose any five recent cases from the hundreds below for a roundtable discussion. You might keep an agent out of prison and save your brokerage. Real… more
HAVE A FIRESIDE CHAT WITH YOUR CHILDREN ABOUT REAL ESTATE FRAUD WHEN…
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Give your kids a fighting chance when they get older. Prep them for the swindlers that might lurk on their doorsteps one day. real estate fraud:… more
Saint Jude Children's Research Hospital & Danny Thomas' 100th…
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Danny Thomas was a great man. He made millions of people laugh and smile. His work saved, and continues to save, the lives of children throughout the world. He would have been 100 years old on January 6 this year… more
Real Estate Practice : Lesson 1500
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#1500 When we talk about real estate property tax liens we're talking about tax liens that are general, voluntary liens that affect property. Is this true or false Take… more
Real Estate Practice : Lesson 1499
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#1499 When a subdivision creates private restrictions in the declaration of Covenants, Conditions and Restrictions, or CC&R's, the restrictions are originally created when the… more
Real Estate Practice : Lesson 1498
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#1498 If there is a cloud on a title, and it seems that it can't be cleared, a judicial proceeding takes place that decides ownership with a suit for the partition of the property in… more
Real Estate Practice : Lesson 1497
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#1497 One of the main reasons why the grantee should see to it that the deed is recorded properly is to demonstrate that the deed was conveyed and accepted. Is this statement true… more
Real Estate Practice : Lesson 1496
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#1496 If a will is written but there is no witness to the composition of the will this type of will is commonly referred to as a formally executed will. Is the description of this… more
Real Estate Practice : Lesson 1495
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#1495 If there just happens to be an unfortunate cloud on the title the cloud may be cleared by underwriting a title insurance policy. Is this true or false Take your… more
Real Estate Practice : Lesson 1494
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#1494 When a conveyance is undertaken, in order for the conveyance to take place the deed must be valid and must be recorded before the conveyance may occur. Is this true or false.. more
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