David Saks: May 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

STATE REPRESENTATIVE CHARGED WITH BRIBERY INVOLVING REAL ESTATE

Arizona State Representative Charged with Bribery, Fraud, Attempted Extortion, and Making False Statements

U.S. Department of Justice May 16, 2012
  • Office of Public Affairs (202) 514-2007/TDD (202) 514-1888
 
 

WASHINGTON—A member of the Arizona House of Representatives was charged today by a federal grand jury in the District of Arizona with bribery, fraud, attempted extortion, and false statements in connection with receiving more than $6,000 in tickets to sporting and special events while serving as a Tempe, Arizona City Council councilmember and member-elect of the Arizona House, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division and Special Agent in Charge James L. Turgal of the FBI’s Phoenix Field Office.

The indictment charges Paul Ben Arredondo, 63, of Tempe, with one count of federal programs bribery, two counts of honest services mail fraud, one count of attempted Hobbs Act extortion, and one count of making false statements. Arredondo will be arraigned on May 30, 2012 in U.S. District Court for the District of Arizona before U.S. Magistrate Judge Lawrence O. Anderson.

According to the indictment, Arredondo was a councilmember in Tempe for 16 years, until July 2010. He was elected to the Arizona House of Representatives in November 2010. The indictment alleges that from February 2009 to November 2010, Arredondo accepted, agreed to accept, and solicited things of value from representatives of a company whose purported business objective was to acquire city-owned property in Tempe for real estate development purposes. The representatives were, in fact, undercover agents with the FBI. According to the indictment, Arredondo received from the undercover agents more than $6,000 worth of tickets to sporting and other special events. Those tickets included 18 tickets for Arizona Diamondbacks baseball games valued at a total of approximately $2,400 and four tickets to an American League Championship Series baseball game valued at a total of approximately $1,225.

According to the indictment, in return for those tickets, Arredondo took and agreed to take action in his capacity as a Tempe city councilmember and as a member of the Arizona House of Representatives to facilitate the undercover agents’ purported purchase of city-owned property and development project. The indictment alleges that Arredondo brokered meetings between the undercover agents and other public officials, divulged information regarding the city of Tempe’s bidding process, and attempted to persuade other city officials to approve the purported development project.

The indictment further alleges that Arredondo lied to the FBI about his conduct during an interview in January 2012.

The federal programs bribery charge carries a maximum penalty of 10 years in prison and a $250,000 fine. Each count of honest services mail fraud and attempted extortion carries a maximum penalty of 20 years in prison and a $250,000 fine. The false statement charge carries a maximum penalty of five years in prison and a $250,000 fine. The indictment also contains a notice of forfeiture.

An indictment is merely a charge, and a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

The case is being prosecuted by Trial Attorneys Edward T. Kang and Monique T. Abrishami of the Criminal Division’s Public Integrity Section, and Assistant U.S. Attorney Frederick A. Battista of the District of Arizona. The case is being investigated by the FBI’s Phoenix Field Office.

source: FBI



David Saks



Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.

 

Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.

 

 

 

 

"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


 

  Real Estate Crimes

 

Click "HERE" For Today's Question

 

 

TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis

WUMR

 

Support
America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 0 commentsDavid Saks • May 17 2012 07:37AM
STATE REPRESENTATIVE CHARGED WITH BRIBERY INVOLVING REAL ESTATE
share
Arizona State Representative Charged with Bribery, Fraud, Attempted Extortion, and Making False Statements U. S. Department of Justice May 16, 2012 Office of Public Affairs (202) 514… more
JURY CONVICTS ATTORNEY OF INVESTMENT FRAUD INVOLVING REAL ESTATE
share
Jury Convicts Sunnyvale Attorney of Investment Fraud Former Real Estate Investment Firm’s In-House Counsel Convicted of Conspiracy, Mail, and Wire Fraud U. S. Attorney’s Office May 16, 2012 .. more
INDICTMENT HANDED DOWN FOR DEFRAUDING LENDERS IN CONDO SALES SCHEME
share
Man Indicted for Defrauding Lenders in Condo Sales Scheme Jared Mitchell Rothenberger 43, Minneapolis, Minnesota, was indicted and charged with allegedly defrauding mortgage lenders out of millions of dollars in connection with the sale of… more
FORECLOSURE RESCUER INDICTED FOR EXTENSIVE SCAM
share
Foreclosure Rescuer Indicted for Extensive Fraud Scam Rickey White 46, Westland, Michigan, and his company, Braunstein & Associates face criminal charges for an extensive foreclosure-rescue fraud operation that scammed at least 360… more
TWELVE INDICTED FOR MORTGAGE FRAUD INVOLVING 21 PROPERTIES
share
12 Indicted for Mortgage Scam Involving 21 Properties Twelve people have been charged in an alleged mortgage fraud scheme: Ronald Burrell 50, Cleveland, Ohio; Crystal Kelly 44, Cleveland; Nicole Bakker 28, Brunswick, Ohio; Jer'me… more
INVESTOR, FINANCE AGENT AND APPRAISER CHARGED WITH FRAUD
share
Investor, Finance President and Appraiser Charged for Fraud Paul Demos, 66, Chicago, a licensed appraiser, was arrested and was released on his own recognizance after pleading not guilty at his arraignment before U. S. District Judge Amy St… more
SETTLEMENT ENTERED IN LAWSUIT CONCERNING HUD
share
Settlement Entered in Civil Lawsuit Concerning HUD Violations Deutsche Bank AG, DB Structured Products, Inc., Deutsche Bank Securities, Inc. (collectively "Deutsche Bank") and MortgageIt, Inc. have entered into an agreement settling… more
GUILTY PLEA ENTERED IN $20 MILLION MORTGAGE FRAUD
share
Guilty Plea Entered in $20M Mortgage Fraud Case Gergawattie "Kamla" Seecharan 49, Orange County, Florida, pled guilty on May 10, 2012, for her participation in a mortgage fraud scheme. More specifically, Seecharan pled guilty… more
REAL ESTATE AGENT GUILTY OF FRAUD - MORE THAN THIRTY CHARGED
share
Real Estate Agent Pleads Guilty to Straw Buyer Scam Monday Juan Carlos Rodriguez 52, Weston, Florida, a real estate agent and mortgage broker, pled guilty before U. S. District Judge Kenneth A. Marra for his participation in a mortgage fraud… more
REAL ESTATE DEVELOPER SENTENCED TO PRISON FOR INFLATING HOME PRICES
share
Real Estate Developer Goes to Jail for Inflating Home Prices William E. Baker 66, Chico, California, was sentenced by United States District Judge Edward J. Garcia to 18 months in prison, to be followed by three years of supervised release… more