David Saks: June 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 June 29. 2014

Real Estate Fraud Report for June 29, 2014

 

real estate fraud: Real Estate Fraud Report for June 29. 2014 - 06/29/14 12:21 PM
 
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real estate fraud: Former Connecticut Resident Sentenced to Prison for Mortgage Fraud - 06/27/14 08:48 AM
Former Connecticut Resident Sentenced to Prison in Mortgage Fraud Scheme
Deirdre M. Daly, United States Attorney for the District of Connecticut, today announced that GARI-MARK THOMAS, 38, of Michigan, formerly of Norwalk, was sentenced yesterday by U.S. District Judge Vanessa L. Bryant in Hartford to 12 months and one day of imprisonment, followed by three years of supervised release, for conspiring to defraud the Federal Housing Authority through a mortgage fraud scheme. THOMAS pleaded guilty to the charge on February 4, 2014.
According to court documents and statements made in court, in March 2008, THOMAS, while serving as a loan … (0 comments)

real estate fraud: Former Bank Employee Stole More Than $2.5 Million from Bank - 06/27/14 08:40 AM
  Here's a press release about a swindler that's not too "Bright" ! ============================================================================
Former Bank Employee in Crawford County Stole More Than $2.5 Million from Bank
WICHITA, KS—A former employee of a
bank in Crawford County has pleaded
guilty to stealing more than $2.5 million
from the bank, U.S. Attorney Barry
Grissom said.
Cyntyhia Bright, 55, Girard, Kan., pleaded guilty Wednesday to one count of bank fraud. In her plea, she admitted she stole the money over a period of 10 years while working as operations supervisor at Girard National Bank.
Bright used several different methods … (0 comments)

real estate fraud: Disbarred Attorney Sentenced for Stealing Client Funds - 06/27/14 08:31 AM
Disbarred Attorney Sentenced for Stealing Client Funds
ATLANTA—Thomas W. Dickson has been sentenced for stealing over $300,000 from his law firm’s clients.
“When Dickson stole over $300,000 of his clients’ money, he violated the law,” said United States Attorney Sally Quillian Yates.
According to United States Attorney Yates, the charges and other information presented in court: In December 2008, while employed with a large Atlanta, Ga., law firm, Dickson was retained by Tenants In Common (TIC), owners of commercial real estate purchased through DBSI Inc., an Idaho based company. DBSI sold TIC investments or fractional ownership interests in commercial real … (2 comments)

real estate fraud: Banker Admits Making False Statements on Loan Application - 06/26/14 11:35 AM
Banker in Johnson County Admits Making False Statements on Loan Application
KANSAS CITY, KS—A Johnson County man pleaded guilty Wednesday to conspiring to make false statements on a loan application while he was working as a senior vice president of a bank in Overland Park, U.S. Attorney Barry Grissom said today.
Michael W. Yancey, 55, Olathe, Kan., pleaded guilty to one count of conspiracy to make false statements on a loan application. In his plea, he admitted the crime took place while he was working as a senior vice president and commercial lender at Farmers Bank & Trust, N.A., in … (0 comments)

real estate fraud: Mortgage Broker, Title Agent, Real Estate Appraiser, Attorney Arrested - 06/26/14 07:45 AM
Four Arrested for Defrauding Mortgage Lending Institutions
Mortgage Broker, Title Agent, Real Estate Appraiser, Attorney, Property Managers, and Others Conspired to Steal Funds in a Multi- Million-Dollar Scheme BROOKLYN, NY—A six-count indictment was unsealed this morning in federal court in Brooklyn charging mortgage broker Alex Barrett, property manager Barthelemy Adjavehoude, title agent Michelle Baker, property manager and self-described foreclosure specialist James Bayfield, and property managers Samuel Terrell Bell and Dirk Hall with engaging in a bank and wire fraud conspiracy to steal millions of dollars from financial lending institutions.
Defendants Adjavehoude, Baker, Bayfield, and Bell were arrested and will be … (0 comments)

real estate fraud: Mortgage Fraud Blog Report for June 26, 2014 - 06/25/14 09:24 PM
    Mortgage Fraud Blog sends me update emails once per week. I share this great report with the ActiveRain Community at-large. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com.   Many thanks, Rachel. Copyright 2004-2014 Rachel M. Dollar … (2 comments)

real estate fraud: Austin-Area Man Sentenced for Stealing Millions from Pension Plans - 06/20/14 08:04 PM
Austin-Area Man Sentenced to Federal Prison for Stealing Millions from Pension Plans
In Austin today, 64-year-old Lakeway resident Ricky Lynn Richardson was sentenced to five years in federal prison for stealing millions from pension plans, announced United States Attorney Robert Pitman and Federal Bureau of Investigation Acting Special Agent in Charge Christopher Combs, San Antonio Division.
In addition to the prison term, United States District Judge Sam Sparks ordered that Richardson pay approximately $ 4,362,813.59 restitution and be placed under supervised release for a period of three years after completing his prison term.
On March 18, 2014, Richardson pleaded guilty … (6 comments)

real estate fraud: Ex Credit Union Head Charged with Embezzlement, Bank Fraud, ID Theft - 06/19/14 02:42 PM
Former Head of Lynrocten Federal Credit Union Indicted
Linda Sue Newcomb Charged with Embezzlement, Bank Fraud, Aggravated Identity Theft LYNCHBURG, VA—A federal grand jury sitting in the United States District Court for the Western District of Virginia in Roanoke has charged the former manager of the Lynrocten Federal Credit Union in Lynchburg (LFCU) with embezzlement, bank fraud and aggravated identity theft charges.
In and indictment returned under seal on June 5, 2014, and unsealed today following the defendant’s initial court appearance, the grand jury has charged Linda Sue Newcomb, 62, of Madison Heights, Virginia, with one count of embezzlement of funds … (0 comments)

real estate fraud: Jury Convicts Woman for Filing False Liens Against Federal Officials - 06/19/14 02:29 PM
Chicago Jury Convicts Woman for Retaliating Against Federal Officials by Filing False Liens
After two days of testimony, a federal jury sitting in Chicago, Illinois has returned a verdict finding Cherron Marie Phillips, who also goes by the name of “River Tali Bey,” 43, guilty of knowingly filing false maritime liens—each in the amount of $100 billion—against the property of current and former federal employees, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today.
Phillips, a Chicago native, had been accused of filing the phony liens in March and April 2011 at the Cook … (2 comments)

real estate fraud: Co-Defendant in Loomis Wealth Solutions Mortgage Fraud Case Guilty - 06/18/14 03:40 PM
Co-Defendant in Loomis Wealth Solutions Mortgage Fraud Case Pleads Guilty
SACRAMENTO, CA—Joseph Gekko, 45, of Yorba Linda, pleaded guilty today to three counts of wire fraud in connection with a mortgage fraud scheme, United States Attorney Benjamin B. Wagner announced.
Gekko’s guilty plea marks another event in a wide-ranging series of prosecutions related to Loomis Wealth Solutions, a wealth-building program offered to the public in California, Illinois, Washington, and elsewhere from 2006 through 2008. According to indictments, persons connected to Loomis Wealth Solutions are alleged to have committed various acts of investment fraud, mortgage fraud, and money laundering.
Gekko participated … (2 comments)

real estate fraud: Mortgage Fraud Blog for June 18, 2014 - 06/18/14 07:38 AM
Mortgage Fraud Blog sends me an update email once per week.     And I'll pass it on to you so you can see who the criminals are in the real estate business and the crimes they commit.   Some of them have been, and still are, ActiveRain Members.   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 … (3 comments)

real estate fraud: Connecticut Man Guilty of Role in Mortgage Fraud Scheme - 06/17/14 12:50 PM
Stamford Man Guilty of Role in Mortgage Fraud Scheme
The United States Attorney for the District of Connecticut announced that ASM AFSARY, 41, of Stamford, waived his right to indictment and pleaded guilty today before Chief U.S. District Judge Janet C. Hall in New Haven to conspiring to defraud financial institutions through an extensive mortgage fraud scheme that involved dozens of properties in Fairfield County.
According to court documents and statements made in court, between 2005 and 2013, AFSARY participated in a mortgage fraud conspiracy that involved the purchase of numerous single and multi-family properties, primarily in Bridgeport and Stamford. … (2 comments)

real estate fraud: Disbarred Attorney Guilty of Lying About Foreclosure Fraud Scheme - 06/17/14 12:43 PM
Former Attorney Pleads Guilty to Lying to Federal Investigators About His Role in a Million-Dollar Fraud Scheme
Agrees to Pay More Than $1 Million to 10 Families Who Fell Victim to the Scheme Earlier today, Barry Stephen Zornberg pleaded guilty at the federal courthouse in Central Islip, New York, to lying to federal investigators about his role in a million-dollar foreclosure rescue fraud scheme. The scheme ensnared at least 10 families, defrauding them of approximately $1.3 million in home equity and caused some of them to lose their homes. Zornberg faces up to five years of imprisonment. As a part of … (2 comments)

real estate fraud: Man Sentenced to Federal Prison for Role in Mortgage Fraud Scheme - 06/16/14 01:38 PM
  This FBI report is about a man who owned residential construction companies that conspired with a mortgage broker and an accountant to falsify documents for the purchase of a home.     Madison Man Sentenced to Federal Prison for Role in Mortgage Fraud Scheme
MADISON, WI—John W. Vaudreuil, United States Attorney for the Western District of Wisconsin, announced that David E. Robert, 42, Madison, Wisconsin, was sentenced on June 12 by U.S. District Judge Barbara B. Crabb to six months in federal prison, a $1,000 fine, and two years of supervised release for his role in a mortgage fraud … (2 comments)

real estate fraud: Real Estate Fraud Report for June 16, 2014 - 06/16/14 10:26 AM
 
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real estate fraud: Man Sentenced to 27 Months in Prison for Defrauding Relatives of $244K - 06/16/14 10:23 AM
Here's an interesting case from the FBI about a 30 year old man who swindled his relatives.
He lied to them about his intentions to invest their money in real estate.
He also used the personal information of one of his victims to open a credit card acoount and then ran up a $26,000 tab without authorization.
Now he'll have a couple of years behind prison walls to think about what he did.
Richmond Man Sentenced to 27 Months in Prison for Defrauding Relatives of $244,000
SAN FRANCISCO—On June 11, 2014, Marvin Solis was sentenced to 27 months in … (2 comments)

real estate fraud: Woman Arrested for Embezzlement of Funds from Local Company - 06/13/14 12:17 PM
Palmetto Woman Arrested for Embezzlement of Funds from Local Company
TAMPA—United States Attorney A. Lee Bentley, III announces the arrest of Beverly Sue Gingell (60, Palmetto) on a federal complaint charging her with committing wire fraud. She faces a maximum penalty of 20 years in federal prison and a fine of $250,000 or twice the gross gain caused by the offense or twice the gross loss caused by the offense. Gingell made her initial appearance before Magistrate Judge Elizabeth A. Jenkins yesterday and was released on a $50,000 personal surety bond.
According to the complaint, Gingell was formerly employed by … (2 comments)

real estate fraud: Woman Sentenced to 97 Months for Involvement in Mortgage Fraud Scheme - 06/13/14 07:55 AM
Camarillo Woman Sentenced to 97 Months for Involvement in Mortgage Fraud Scheme
LOS ANGELES—Rosa Fernandez, 38, of Camarillo, was sentenced earlier today by United States District Court Judge John A. Kronstadt to 97 months in federal prison for her involvement in a mortgage fraud scheme.
Fernandez was arrested in June 2010 and charged along with nine other individuals in a federal indictment with scheming to defraud banks by falsifying loan applications and using bogus tax letters to vouch for borrowers. Fernandez originated numerous loans and earned substantial commissions. She pleaded guilty in February 2012 to three counts of bank fraud.
(2 comments)

real estate fraud: Former Bank Employee Sentenced to Federal Prison for Bank Fraud - 06/13/14 07:51 AM
Former Bank Employee Sentenced to Federal Prison for Bank Fraud
MCALLEN, TX—A former bank officer with Texas State Bank has been ordered to federal prison for defrauding her former employer, announced United States Attorney Kenneth Magidson. Sondra Tredaway, 65, of Mission, was the former manager of the Texas State Bank branch located in McAllen. She pleaded guilty to one count of bank fraud on June 7, 2011.
Today, Chief U.S. District Judge Ricardo H. Hinojosa handed Tredaway a sentence of 41 months in federal prison and further ordered she pay restitution to Texas State Bank in the amount of $4,496,455.83. … (0 comments)

   

 

 

 




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Comment balloon 2 commentsDavid Saks • June 29 2014 12:21PM
Real Estate Fraud Report for June 29. 2014
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Real Estate Fraud Report for June 29, 2014 real estate fraud: Real Estate Fraud Report for June 29. 2014 - 06/29/14 12:21 PM Related Links: ← Previous 1 2 3 4 5 6 7 8 9 … 92 93 Next → … (0 comments) real… more
Former Connecticut Resident Sentenced to Prison for Mortgage Fraud
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Former Connecticut Resident Sentenced to Prison in Mortgage Fraud Scheme U. S. Attorney’s Office June 26, 2014 District of Connecticut (203) 821-3700 … more
Former Assistant District Attorney Sent to Federal Prison for Bribery
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Former El Paso County Assistant District Attorney Sentenced to Federal Prison in Bribery Scheme FBI El Paso June 26, 2014 Special Agent Michael Martinez (915) 832-5373 .. more
Former Bank Employee Stole More Than $2. 5 Million from Bank
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Here's a press release about a swindler that's not too "Bright" ============================================================================ Former Bank Employee in Crawford County Stole More Than $2… more
Disbarred Attorney Sentenced for Stealing Client Funds
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Disbarred Attorney Sentenced for Stealing Client Funds U. S. Attorney’s Office June 26, 2014 Northern District of Georgia (404) 581-6000 ATLANTA —Thomas W… more
Here's a Goody - Real Estate Agent Steals Woman's Underwear On Cam
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Here's a good one. Published on Mar 7, 2013 Secret footage shows Stephen Brumme of Silver Spring, Maryland rifling through the homeowner's closets and drawers in the property's master bedroom. From YouTube from the… more
Nashville Assistant Bank Branch Manager Charged with Bank Fraud
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Assistant Bank Branch Manager Charged with Bank Fraud U. S. Attorney’s Office June 25, 2014 Eastern District of Pennsylvania (215) 861-8200 Erlanda Naranjo… more
Mortgage Broker, Title Agent, Real Estate Appraiser, Attorney Arrested
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Four Arrested for Defrauding Mortgage Lending Institutions Mortgage Broker, Title Agent, Real Estate Appraiser, Attorney, Property Managers, and Others Conspired to Steal Funds in a Multi- Million-Dollar… more
Mortgage Fraud Blog Report for June 26, 2014
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Mortgage Fraud Blog sends me update emails once per week. I share this great report with the ActiveRain Community at-large. The Mortgage Fraud Blog website is updated every business day and you can always get the… more
Cooking Bar-BQ or The Books AR Blast From the Past - March 17, 2008
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Cooking Bar-B-Q or The Books By David Saks Education & Training with The Real Estate Mart of Tennessee, Inc. TN LIC# 290452 Email Short URL March 17, 2008 07… more