David Saks: September 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 September 23, 2014

real estate fraud: Mortgage Fraud Blog for September 23, 2014 - 09/23/14 09:34 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 … (0 comments)

real estate fraud: Real Estate Fraud Report for September 22, 2014 - 09/22/14 03:19 AM
(6 comments)

real estate fraud: Real Estate Fraud Report for September 20, 2014 - 09/20/14 01:44 AM
(2 comments)

real estate fraud: Westchester Businessman Indicted for False Loan Applications - 09/18/14 07:15 PM
Selim Zherka, Westchester Businessman, Indicted by White Plains Federal Grand Jury for Submitting False Loan Applications, Tax Fraud, Wire Fraud, and Witness Tampering
Preet Bharara, the United States Attorney for the Southern District of New York, Shantelle P. Kitchen, the Acting Internal Revenue Service Special Agent in Charge of the New York Office—Criminal Investigation (“IRS”), George Venizelos, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), and Christy Romero, the Special Inspector General of the Troubled Asset Relief Program (“SIGTARP”), announced today that Westchester businessman
SELIM ZHERKA, 46, of Somers, New York,
was … (0 comments)

real estate fraud: Real Estate Fraud Report for September 17, 2014 - 09/16/14 10:04 PM
(2 comments)

real estate fraud: Mortgage Fraud Blog for September 17, 2014 - 09/16/14 10:01 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. Thank you, Rachel. Copyright 2004-2014 Rachel M. Dollar … (0 comments)

real estate fraud: Real Estate Fraud Report for September 10, 2014 - 09/10/14 12:38 PM
(4 comments)

real estate fraud: Woman Pleads Guilty to Orchestrating Estimated $1.6 Mil Fraud Scheme - 09/10/14 11:48 AM
San Antonio-Area Businesswoman Pleads Guilty to Orchestrating Estimated $1.6 Million Fraud Scheme
The owner and managing partner of HipDingo stores in San Antonio, Boerne and Fredericksburg and former marketing director for a land development company, Rinco of Texas, Inc. (Rinco), and Rockin’ J Ranch (Rockin’ J) faces up to 20 years in federal prison after pleading guilty to orchestrating an estimated $1.6 million wire fraud scheme announced United States Attorney Robert Pitman and FBI Special Agent in Charge Christopher H. Combs.
Appearing before United States Magistrate Judge John Primomo this afternoon in San Antonio,
47–year-old Boerne, TX, resident
Lea … (2 comments)

real estate fraud: Mortgage Fraud Blog for September 9, 2014 - 09/09/14 09:31 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 … (6 comments)

real estate fraud: Shyster Guilty of Investment and Real Estate Frauds - 09/09/14 07:38 PM
Attorney Admits Role in Investment and Real Estate Frauds
TRENTON, NJ—An Ocean County, New Jersey, attorney today admitted his role in a scheme that defrauded investors in connection with a Facebook IPO and several real estate deals, U.S. Attorney Paul J. Fishman announced.
Fred Todd, 61, of Lakewood, New Jersey,
pleaded guilty before U.S. District Judge Joel A. Pisano in Trenton federal court to an information charging him with one count of conspiracy to commit wire fraud and one count of transacting in criminal proceeds.
According to documents filed in this case and statements made in court:
Todd is … (0 comments)

real estate fraud: Another Attorney Will Go to Prison for Bank Fraud and Money Laundering - 09/04/14 02:04 PM
Former Grosse Pointe Attorney Sentenced for Bank Fraud and Money Laundering
A former Grosse Pointe attorney was sentenced to prison for bank fraud and money laundering, U.S. Attorney Barbara L. McQuade announced today.
McQuade was joined in the announcement by Paul M. Abbate, Special Agent in Charge of the FBI Detroit Field Office.
Kenneth Flaska
was sentenced to 64 months in prison
by U.S. District Judge Paul Borman in a case involving a loss to victims in the amount of $2,756,786.63.
Flaska pleaded guilty to one count of bank fraud and one count of money laundering in April … (2 comments)

real estate fraud: Belleville Man Admits Role in $15 Million Mortgage Fraud Scheme - 09/03/14 09:32 AM
Belleville Man Admits Role in $15 Million Mortgage Fraud Scheme
CAMDEN, NJ—An Essex County, New Jersey, man today admitted conspiring to defraud financial institutions as part of a $15 million mortgage fraud scheme that used phony documents and “straw buyers” to make illegal profits on overbuilt condos, U.S. Attorney Paul J. Fishman announced.
Larry Fullenwider,
63, of Belleville, New Jersey,
pleaded guilty before U.S. District Judge Jerome B. Simandle in Camden federal court to a second superseding indictment charging him with one count of conspiracy to commit wire fraud. Using the alias “Stanley Hyde,” Fullenwider admitted purchasing four … (4 comments)

real estate fraud: Bethel Park Man Pleads Guilty in Mortgage Fraud Scheme - 09/02/14 04:12 PM
Bethel Park Man Pleads Guilty in Mortgage Fraud Scheme
PITTSBURGH—
The founder of a mortgage brokerage firm pleaded guilty in federal court to a charge of conspiracy to commit wire fraud and bank fraud, United States Attorney David J. Hickton announced today.
Richard Stromberg, 49, of Bethel Park, Pa.,
pleaded guilty before Senior United States District Judge Donetta Ambrose.
In connection with the guilty plea, the court was advised that Stromberg has been in the mortgage broker business since the 1990s.
He worked first at a company called Century Three Home Equity and then opened his own business, which … (0 comments)

real estate fraud: Fraud Involving Mineral Rights Nets 32mos in Prison for Louisiana Man - 09/02/14 12:07 PM
Mail Fraud Involving Mineral Rights Results in 32Months in Prison and $1 Million Restitution for Louisiana Man
 
OKLAHOMA CITY, OK—
JORDAN SIMON, 34, of Baton Rouge, Louisiana,
was sentenced by United States District Judge Joe Heaton to serve 32 months in prison for mail fraud involving mineral rights, announced Sanford C. Coats, United States Attorney for the Western District of Oklahoma.
According to court records, from November of 2011 through March of 2013, Simon induced an Oklahoma woman to sell her mineral rights to Simon’s company,Iconic Resources, promising to pay her for those rights.
However, Simon sold the mineral rights … (0 comments)

real estate fraud: Real Estate Fraud Report for September 2, 2014 - 09/02/14 12:12 AM
(0 comments)

real estate fraud: Real Estate Fraud Report for September 1, 2014 - 09/01/14 10:51 AM
(2 comments)

real estate fraud: Real Estate Fraud Report for August 31, 2014 - 08/31/14 03:08 PM

 
(0 comments)

real estate fraud: Real Estate Fraud Report for August 30, 2014 - 08/30/14 12:24 AM

 
(4 comments)

real estate fraud: Real Estate Fraud Report for August 28, 2014 - 08/28/14 07:00 PM
 
(2 comments)

real estate fraud: Ex Cook County Employee Arrested for Allegedly Swindling from U.S. - 08/28/14 05:15 PM
Former Cook County Employee Arrested for Allegedly Swindling $330,000 from $10.3 Million U.S. Flood Relief Grant
CHICAGO—A former Cook County employee who managed a $10.3 million federal grant to assist county residents who were impacted by floods in 2008 was arrested today on federal charges for allegedly engaging in a fraud scheme with several contractors and swindling at least $330,000 from the program. A vendor who allegedly kicked-back more than $100,000 was indicted together with the former county official.
BARRY CROALL, 45, of Montgomery, Ill.,
was a county program manager who oversaw disbursement of the grant funds for Cook … (4 comments)

   
 
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Comment balloon 2 commentsDavid Saks • September 23 2014 09:37PM
Real Estate Fraud Report for September 23, 2014
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real estate fraud: Mortgage Fraud Blog for September 23, 2014 - 09/23/14 09:34 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… more
Mortgage Fraud Blog for September 23, 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 Rachel Dollar is… more
Cool Fabulous Fashions For Today's Sharp Dressed Real Estate Pro
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How can you lose with these fabulous, cool fashions designed for today's home tour guide Your clients will revel in the splendor of your dazzlingly beautiful contemporary appearance just joshing, of… more
Watch What the Average RE Agent Does In Secret When the Deal Closes
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Watch What the Average Real Estate Agent Does In Secret When the Deal Closes more
Real Estate Fraud Report for September 22, 2014
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real estate fraud: Real Estate Fraud Report for September 20, 2014 - 09/20/14 01:44 AM … (2 comments) real estate fraud: Westchester Businessman Indicted for False Loan Applications - 09/18/14 07:15 PM Selim… more
Real Estate Practice : Lesson 3715
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When your loan application has been received by the lender they'll start the loan approval process right away. This will involve verifying : 1. Your Credit history 2. Your Employment history 3. Your assets which include your bank… more
Real Estate Practice : Lesson 3714
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If you say that your living at the Waldorf-Astoria but your actually living in a trailer, with your boyfriend, mother or in your car, there's going to be a problem. When you apply for a big ticket item, the house or car, the lender… more
Real Estate Practice : Lesson 3713
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This is an easy one You could be turned down for the loan if you say you've been in the house for seven years and it shows on the deed of trust that you bought the home five years ago. Maybe your landlords lease says that you… more
Real Estate Practice : Lesson 3712
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We all know that having a credit card is kind of like having a small personal loan that gives you a credit rating. By demonstrating that you can pay off small amounts of credit over time on time demonstrates to lenders that you're… more
Real Estate Practice : Lesson 3711
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You could compare insufficient equity in your property to having insufficient funds in your checking account, in a way If you write a check on that checking account and it bounces, gets sent back, and you get slammed with… more