David Saks: December 2014

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

Real Estate Fraud Report for December 3, 2014


real estate fraud: County Assessor Guilty of Federal Banking Law Violation - 12/03/14 05:10 PM
Former Logan County Assessor Pleads Guilty to Federal Banking Law Violation
CHARLESTON, WV—United States Attorney Booth Goodwin announced that
 
Russell R. Grimmett,
 
also known as Rick Grimmett,
 
51, of Man, West Virginia, pled guilty today to violating federal banking laws.
Grimmett is the former Logan County Assessor.
Banks are required by federal law to report all cash transactions in excess of $10,000. Grimmett admitted that he and an associate withdrew cash from the Logan Bank and Trust in Man, West Virginia in amounts less than $10,000 to prevent triggering the reporting requirement.
This practice, known … (0 comments)

real estate fraud: Attorney Charged with Defrauding Financial Institutions and Clients - 12/03/14 04:49 PM
Milwaukee-Area Attorney Charged in Federal Court with Defrauding Financial Institutions and Clients, Money Laundering, and Filing a False Tax Return
United States Attorney James L. Santelle for the Eastern District of Wisconsin announced that, yesterday, a federal grand jury returned a 33-count indictment charging
 
Sarah E.K. Laux
 
a/k/a “Sarah Kitzke”
 
(age 35) of Mequon, Wisconsin, with two counts of bank fraud, nine counts of wire fraud, one count of mail fraud, 20 counts of money laundering, and one count of filing a false tax return. If convicted of bank fraud, Laux faces a maximum penalty … (2 comments)

real estate fraud: Physician-Businessman Sentenced to 108 Months for Mortgage Loan Fraud - 12/03/14 09:34 AM
Physician-Businessman Sentenced to 108 Months for Mortgage Loan Fraud
NORFOLK, VA—
Irfan M. Jameel,
52, of Virginia Beach, Va., was sentenced today to 108 months in prison, followed by five years of supervised release, for committing wire fraud, bank fraud, and using of a false social security number.
Dana J. Boente, U.S. Attorney for the Eastern District of Virginia, and Special Agent in Charge Royce E. Curtin of the FBI’s Norfolk Field Office, made the announcement after Jameel’s sentencing before Senior United States District Judge Henry Coke Morgan, Jr.
Jameel was indicted on July 25, 2013 by a federal … (0 comments)

real estate fraud: California Real Estate Investor Guilty of Bid Rigging and Fraud - 12/03/14 09:30 AM
Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions
Investigations Have Yielded 50 Plea Agreements and 16 Indicted Individuals WASHINGTON—A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.
Felony charges were filed today in the U.S. District Court for the Northern District of California in Oakland against
Garry Wan
of Concord, California.
To date, 50 individuals have agreed to plead or have pleaded … (0 comments)

real estate fraud: Mortgage Fraud Blog for December 3, 2014 - 12/02/14 09:52 PM
      Mortgage Fraud Blog sends me an update email once per week.   The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar Legal Disclaimer. The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on MortgageFraudBlog.Com are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made … (0 comments)

real estate fraud: Torrington Man Sentenced for Role in Real Estate Fraud Schemes - 12/02/14 09:38 AM
Torrington Resident Sentenced to Federal Prison for Role in Real Estate Fraud Schemes, Obstructing Justice
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that
 
THOMAS PROVENZANO,
 
48, of Torrington, was sentenced today by U.S. District Judge Janet Bond Arterton in New Haven to 18 months of imprisonment, followed by five years of supervised release, for his role in a series of fraudulent real estate transactions.
According to court documents and statements made in court, in November 2005, PROVENZANO obtained a $923,200 loan to purchase a lakefront home located at 27 Palmer Road in … (6 comments)

real estate fraud: Shyster Prosecutor-Elect Stole $540,000 from Elderly Client - 12/02/14 09:23 AM
Harrison County Prosecutor-Elect Pleads Guilty to Stealing $540,000 from Elderly Client
KANSAS CITY, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, and Chris Koster, Missouri Attorney General, announced that a Bethany, Mo., attorney pleaded guilty today in federal court for stealing more than $540,000 from his elderly client.
 
Richard F. Turner,
 
39, of Bethany, pleaded guilty to U.S. District Judge David G. Kays to an information charging him with one count of wire fraud and one count of false statements on his tax return. He also pleaded guilty to the information’s asset forfeiture count.
(0 comments)

real estate fraud: Woman Sentenced to 10 Years in Prison for Stealing $470k from Employer - 11/26/14 08:54 AM
Largo Woman Sentenced to 10 Years in Prison for Stealing $470,000 from Her Employer
GREENBELT, MD—U.S. District Judge Roger W. Titus sentenced
 
Mercy Coffie-Joseph,
 
age 41, of Largo, Maryland, today to 10 years in prison followed by three years of supervised release for wire fraud, money laundering, passport fraud and aggravated identity theft. Judge Titus also entered an order that Coffie-Joseph pay restitution of $472,148.52.
The sentence was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge Stephen E. Vogt of the Federal Bureau of Investigation; and Special Agent … (2 comments)

real estate fraud: Mortgage Fraud Blog for November 26, 2014 - 11/26/14 01:56 AM
      Mortgage Fraud Blog sends me an update email once per week. With their permission, I repost these crimes for you to see. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (2 comments)

real estate fraud: Real Estate Fraud Report for Tuesday November 25, 2014 - 11/25/14 12:02 PM
(0 comments)

real estate fraud: Sisters Convicted of Roles in Bakersfield Mortgage Fraud Scheme - 11/25/14 11:55 AM
Sisters Convicted at Trial for Roles in Bakersfield Mortgage Fraud Scheme
FRESNO, CA—A federal jury in Fresno stayed late into the evening on Friday, November 21, and returned guilty verdicts on all counts in the trial of
 
Evelyn Brigget Sanchez, 32,
 
and
 
Darling Arlette Montalvo, 33,
 
both of Bakersfield, United States Attorney Benjamin B. Wagner announced. The case against the two sisters focused on their involvement in an extensive mortgage fraud scheme that ran from October 2005 to May 2007.
Sanchez and Montalvo were both convicted of conspiracy to commit mail fraud, wire fraud, and bank … (0 comments)

real estate fraud: Timeshare Fraudster Sentenced to Prison - 11/25/14 11:51 AM
Timeshare Fraudster Sentenced to Prison
CHARLESTON, WV—United States Attorney Booth Goodwin announced today that
 
David Andrew Glynn,
 
47 of Charleston, West Virginia, was sentenced in federal court in Charleston to two and a half years in prison for conspiring to defraud timeshare owners throughout the United States and Canada. Glynn previously plead guilty on August 25, 2014, and admitted that he set up a bogus company named Mountain State Resales, LLC (MSR) that was purportedly in the business of brokering timeshare sales. Glynn, and others, contacted timeshare owners and advised them that MSR had buyers for their … (0 comments)

real estate fraud: California Real Estate Investors Guilty of Bid Rigging and Fraud - 11/25/14 06:34 AM
Two Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions
Investigations Have Yielded 49 Plea Agreements to Date WASHINGTON—Two Northern California real estate investors have agreed to plead guilty for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.
Felony charges were filed today in the U.S. District Court for the Northern District of California in Oakland against
Su Chu Chou “Terry” Cheng
 
and
 
Chung Li “George” Cheng
 
of Walnut … (2 comments)

real estate fraud: Eleven California Real Estate Investors Indicted for Bid Rigging - 11/21/14 07:24 PM
Eleven Northern California Real Estate Investors Indicted for Bid Rigging and Fraud at Public Foreclosure Auctions
Investigations Have Yielded 47 Plea Agreements and Four Indictments to Date WASHINGTON—A federal grand jury in San Francisco returned three multi-count indictments against eleven real estate investors for their role in bid rigging and fraud schemes at foreclosure auctions in Northern California, the Department of Justice announced.
The indictments, filed late yesterday in U.S. District Court for the Northern District of California in Oakland, California, charge Northern California real estate investors
 
Michael Marr;
 
Javier Sanchez;
 
Gregory Casorso;
 
Victor … (2 comments)

real estate fraud: Mortgage Fraud Blog for Wednesday November 19, 2014 - 11/18/14 10:52 PM
    Mortgage Fraud Blog sends me an update email once per week.  The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com.  
 
Copyright 2004-2014 Rachel M. Dollar … (8 comments)

real estate fraud: Man Pleads Guilty to Defrauding Cleveland Credit Union of $2.3 Million - 11/18/14 02:44 PM
Concord Township Man Pleads Guilty to Defrauding Cleveland Credit Union of $2.3 Million
A Concord Township man pleaded guilty today to defrauding Taupa Lithuanian Credit Union out of $2.3 million, law enforcement officials said.
John Struna,
52, is scheduled to be sentenced Feb. 25. He pleaded guilty to seven counts—one count of conspiracy to commit bank fraud, one count of bank fraud, one count of making false statements and four counts of money laundering.
Struna will forfeit a restaurant he owns—the Sunny Street Café in Concord Township—a condominium in Florida and a 2014 Mazda because they were purchased with … (6 comments)

real estate fraud: Real Estate Fraud Report for Tuesday November 18, 2014 - 11/18/14 02:33 PM
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real estate fraud: Real Estate Fraud Report for Saturday November 15, 2014 - 11/14/14 10:27 PM
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real estate fraud: Another Shyster Gets Five Years In Jail for Fraud and Jury Obstruction - 11/14/14 09:58 PM
Attorney Sentenced to Five Years in Prison for Defrauding Investors of More Than $17 Million and for Obstructing Grand Jury Proceedings
BALTIMORE, MD—U.S. District Judge J. Frederick Motz sentenced
Gregory E. Grantham,
age 57, of Oceanside, California, today to five years in prison, followed by three years of supervised release, for a wire fraud conspiracy, wire fraud and obstruction of justice. Judge Motz also ordered Grantham to forfeit/ pay restitution of $17.4 million.
The sentence was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge Stephen E. Vogt of the Federal … (0 comments)

real estate fraud: New York Woman Pleads Guilty in Business Loan Fraud Scheme - 11/14/14 09:37 AM
New York Woman Admits Role in Business Loan Fraud Scheme
Deirdre M. Daly, United States Attorney for the District of Connecticut, today announced that
MARIAME ROBINSON-COWAN,
66, of Yonkers, N.Y., waived her right to indictment and pleaded guilty yesterday in New Haven federal court to one count of wire fraud related to her participation in an advance fee fraud scheme.
According to court documents and statements made in court, between approximately March 2010 and October 2014, a co-conspirator of ROBINSON-COWAN’s operated Jalin Realty Capital Advisors, LLC, (Jalin) and American Capital Holdings, LLC, (ACH). Using these businesses, the co-conspirator defrauded … (0 comments)

   
 
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Comment balloon 2 commentsDavid Saks • December 03 2014 05:34PM
Real Estate Fraud Report for December 3, 2014
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real estate fraud: County Assessor Guilty of Federal Banking Law Violation - 12/03/14 05:10 PM Former Logan County Assessor Pleads Guilty to Federal Banking Law Violation CHARLESTON, WV—United States Attorney Booth Goodwin… more
County Assessor Guilty of Federal Banking Law Violation
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Former Logan County Assessor Pleads Guilty to Federal Banking Law Violation U. S. Attorney’s Office December 03, 2014 Southern District of West Virginia (304) 345-2200 &… more
Attorney Charged with Defrauding Financial Institutions and Clients
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Milwaukee-Area Attorney Charged in Federal Court with Defrauding Financial Institutions and Clients, Money Laundering, and Filing a False Tax Return U. S. Attorney’s Office December 03, 2014 .. more
Cleveland Man Indicted in $270, 000 Credit Card Fraud & ID Theft…
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Cleveland Man Indicted in $270, 000 Credit Card Fraud and ID Theft Scheme U. S. Attorney’s Office December 02, 2014 Northern District of Ohio (216) 622-3600 A… more
Wednesday's Warble - LaVern Baker & "Tweedle Dee" 1955
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Here's a Toe-Tapper To Get Your Day Off to a Good Start LaVern Baker & "Tweedle Dee" From 1955 Enjoy -DS- more
Mortgage Fraud Blog for December 3, 2014
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Mortgage Fraud Blog sends me an update email once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www. mortgagefraudblog. com &… more
Torrington Man Sentenced for Role in Real Estate Fraud Schemes
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Torrington Resident Sentenced to Federal Prison for Role in Real Estate Fraud Schemes, Obstructing Justice U. S. Attorney’s Office December 01, 2014 District of Connecticut (203) 821-3700 … more
Real Estate Practice : Lesson 3845
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$25, 000 is 5% of what amount Put that grade school math to work here The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you… more
Real Estate Practice : Lesson 3844
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What is the annual interest rate on a 12, 000 loan when the interest payments are 960 dollars semi-annually on the full amount of the loan The answers, along with the corresponding solution, will be posted below the photographs at the… more
Real Estate Practice : Lesson 3843
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A house is worth 160 thousand and the furniture and appliances are worth 56 thousand. The owner has an opportunity to insure everything at 72% of the total value. The annual rate on the dwelling is 3. 10 per 1000 and 3. 65 on the personal… more