David Saks: February 2015

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 February 27, 2015 - Many New Cases

REAL ESTATE

 

FRAUD FILES

 

David and Tex “Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell on earth.”

 

 

 

 

 

David Saks

 

 Most real estate fraud-related articles and Department of Justice press

 

releases published here are taken from the public record, which normally

 

include press releases and court documents related to each entry and case.

 

Any other type of record, i.e. newspaper reports, are only published after

 

consent has been obtained from the original publisher.


Nothing will be published that has not been verified via the public record or

 

consent provided.

 

======================================================

 

 

real estate fraud: West Virginia Couple Sentenced - Defrauded Elderly to Purchase House - 02/26/15 01:03 PM
West Virginia Couple Sentenced for Defrauding Elderly Victim to Purchase Beach House
WHEELING, WV—A Wetzel County couple was sentenced in federal court today after they stole nearly $400,000.00 from a 90-year-old victim to purchase a vacation home in the Outer Banks, United States Attorney William J. Ihlenfeld, II, announced.
In October 2014, a jury found
Timothy Summers,
67, and
Lea Ann Summers,
52, of Proctor, West Virginia, guilty of one count of “Conspiracy to Commit Mail Fraud” and one count of “Securities Fraud.” The jury further found Lea Ann Summers guilty of four counts of “Mail Fraud.” The … (0 comments)

real estate fraud: 7th Defendant Guilty $3.9M Mortgage Fraud - 35 Properties Foreclosed - 02/26/15 12:48 PM
Seventh Defendant Pleads Guilty in Mortgage Fraud Conspiracy That Resulted in at Least $3.9 Million in Fraud
At Least 35 Properties Throughout Minnesota Went into Foreclosure as a Result of Scheme The United States Attorney’s Office for the District of Minnesota today announced the guilty plea of
JUSTIN JOSEPH CHRISTENSON,
35, who admitted conspiring with
 
THOMAS ROSENSTEEL,
 
ROBERT SCOTT “ROD” ASLESEN,
and at least four others to defraud mortgage lenders by falsifying loan applications and related documents. CHRISTENSON is the seventh co-conspirator to plead guilty to participating in the scheme. The defendant pleaded guilty today before … (2 comments)

real estate fraud: Mortgage Fraud Blog for February 25, 2015 - 02/25/15 07:36 AM
      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 … (2 comments)

real estate fraud: Former Township Tax Collector Charged with Theft of $300K in Funds - 02/25/15 07:28 AM
Former Township Tax Collector Charged Federally with Theft of $300,000 in Public Funds
The United States Attorney’s Office for the Middle District of Pennsylvania announced that a Criminal Information was filed today against
Melissa Ann Arnold,
46, of York.
According to United States Attorney Peter Smith, the Information alleges that during 2008 and 2009, Arnold stole more than $300,000 from tax payments made by citizens to Spring Garden Township, York County. Arnold was the Treasurer and Tax Collector for Spring Garden Township from 1995 until October 2009. Arnold was allegedly able to steal the tax payments because many of … (0 comments)

real estate fraud: Former Bank of America V.P. in L.V. Guilty - Losses Exceed $6.4 Mil - 02/25/15 07:22 AM
Former Bank of America Vice President in Las Vegas Pleads Guilty to Misapplication of Bank Funds
Bank Losses Exceeded $6.4 Million WASHINGTON—A former senior vice president of Bank of America (BOA) in Las Vegas pleaded guilty today to misapplication of bank funds in a scheme that led to over $6.4 million in losses to BOA on two business-related loans.
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Daniel G. Bogden of the District of Nevada, Special Agent in Charge Laura A. Bucheit of the FBI’s Las Vegas Office and Special Inspector General Christy L. Romero … (0 comments)

real estate fraud: Real Estate Fraud for February 23, 2015 - Thousands of Cases to Review - 02/23/15 05:13 PM
REAL ESTATE
 
FRAUD FILES
 
“Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell on earth.”
 
 
 
― David Saks
 
 
 
 
 
 
Related Links:  
← Previous 1 2 3 4 5 6 7 8 9 … 103 104 Next →  
(4 comments)

real estate fraud: Cal Woman Sentenced to 3 Years in Federal Prison for Real Estate Fraud - 02/23/15 05:04 PM
Seal Beach Woman Sentenced to Nearly Three Years in Federal Prison for Operating Real Estate Scheme in Orange County
SANTA ANA, CA—A Seal Beach woman was sentenced today to 35 months in federal prison for operating a $1.4 million fraud scheme that bilked clients who paid money in response to false promises of ownership in commercial real estate.
Karen Hanover,
48, was sentenced by United States District Judge Josephine Staton, who scheduled a May 8 hearing to determine how much restitution should be paid to approximately 45 victims.
Hanover pleaded guilty last year to one count of mail fraud … (4 comments)

real estate fraud: Nebraska Sovereign Citizen Sentenced for Filing False Property Liens - 02/20/15 04:36 PM
Nebraska Sovereign Citizen Sentenced for Obstructing Internal Revenue Service and Filing False Property Liens Against Federal Officials
WASHINGTON—A La Vista, Nebraska, woman was sentenced today in U.S. District Court for the District of Nebraska in Omaha to serve 36 months in prison and three years of supervised release for tax obstruction, filing a false claim and filing false retaliatory property liens, Principal Deputy Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division announced.
Donna Marie Kozak,
a former college instructor, was convicted by a jury on Aug. 1, 2014, on all nine counts charged in the … (8 comments)

real estate fraud: Former Title Company Owner Heads to Prison in Bank Fraud Conspiracy - 02/19/15 05:19 PM
Former Title Company Owner Heads to Prison in Bank Fraud Conspiracy
HOUSTON—Harris County resident
Kirk Smith
has been ordered to prison following his conviction for defrauding seven different Houston-area banks or more than $2 million in 2007 and 2008, announced United States Attorney Kenneth Magidson. Smith pleaded guilty Oct. 9, 2013.
Today, U.S. District Judge Lee H. Rosenthal, who accepted the guilty plea, handed Smith a 36-month sentence to be followed by three years of supervised release. He will also have to pay $2,078,783.68 in restitution.
As outlined in documents filed with the court and admitted by Smith during … (18 comments)

real estate fraud: Mortgage Fraud Blog for February 18, 2015 - 02/17/15 09:29 PM
      Mortgage Fraud Blog sendme 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 … (12 comments)

real estate fraud: HUD Officials Charged with Conspiracy to Commit Bribery & Embezzlement - 02/11/15 08:13 AM
Hidalgo HUD Officials Charged with Conspiracy to Commit Bribery and Embezzlement
MCALLEN, TX—
Susana Munguia, 61,
and
Lubina Pedraza, 54,
both of Hidalgo, have been arrested and charged with conspiracy to commit bribery and embezzlement and several counts of bribery, announced U.S. Attorney Kenneth Magidson.
Munguia and Pedraza were former officials with the City of Hidalgo Housing Authority who worked directly with the Department of Housing and Urban Development (HUD) Housing Choice Voucher Program (HCVP). Munguia was the executive director and Pedraza was a secretary.
The indictment charging them was returned under seal Feb. 3, 2015, and unsealed today … (0 comments)

real estate fraud: Mortgage Fraud Blog for February 11, 2015 - 02/11/15 12:19 AM
      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 … (14 comments)

real estate fraud: Another Shyster Pleads Guilty to Bank Fraud Charge - 02/10/15 06:53 AM
Attorney Pleads Guilty to Bank Fraud Charge
PITTSBURGH—An attorney has pleaded guilty in federal court to a charge of bank fraud, United States Attorney David J. Hickton announced today.
Erik Sobkiewicz,
51, of 432 Morewood Ave., Pittsburgh, Pa., pleaded guilty to one count before United States District Judge David Cercone.
Assistant United States Attorney Brendan T. Conway is prosecuting this case on behalf of the government. Mr. Conway provided the following information to the Court at the time of the plea:
Sobkiewicz was an attorney involved in a number of interrelated schemes. The first scheme, involved Sobkiewicz embezzling funds … (2 comments)

real estate fraud: Real Estate Fraud for February 10, 2015 - Thousands of Cases to Review - 02/09/15 11:03 PM
 
REAL ESTATE
 
FRAUD FILES
 
 
 
“Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell on earth.”
 
― David Saks
 

 
 
 
 
Related Links:  
← Previous 1 2 3 4 5 6 7 8 9 … 103 104 Next →  
(2 comments)

real estate fraud: Woman Sentenced to Two Years for Mail Fraud - Stole Many Thousands - 02/09/15 04:20 PM
Virginia Beach Woman Sentenced to Two Years for Mail Fraud
Found to be Stealing Hundreds of Thousands of Dollars from Local Construction Companies NORFOLK, VA—
Paula G. Akers,
age 51, of Virginia Beach, Va., was sentenced today to two years in prison, followed by three years of supervised release, for mail fraud.
Dana J. Boente, United States Attorney for the Eastern District of Virginia and John S. Adams, Special Agent in Charge of the FBI’s Norfolk Field Office, made the announcement after Jackson’s sentencing before United States District Judge Raymond A. Jackson.
Akers was charged with the offense in a … (2 comments)

real estate fraud: Couple Guilty of Foreclosure Rescue Scam Targeting Spanish-Speaking - 02/06/15 10:38 PM
Roseville Couple Plead Guilty to Loan Modification and Foreclosure Rescue Scam That Targeted Spanish-Speaking Community
SACRAMENTO, CA—
Martin Wayne Flanders,
50, formerly of Roseville, and
Ligia Sandoval Spafford,
48, of Roseville, pleaded guilty today to mail fraud for their participation in a fraud scheme that targeted distressed homeowners, United States Attorney Benjamin B. Wagner announced.
According to court documents, between 2008 and 2010, Flanders charged clients advance fees in exchange for a number of financial services, including loan modifications, mortgage loan audits, credit repair, debt relief, bankruptcy filings, and a program to sell homes to “investors” with a … (6 comments)

real estate fraud: Realtor Caught On Cam Stealing Prescription Drugs From Client's Home - 02/05/15 12:22 PM
 
After viewing this tragic video please click here and answer this question.
 
(30 comments)

real estate fraud: Real Estate Fraud Files for February 4, 2015 - 02/04/15 06:53 AM
 
Related Links:
 
← Previous 1 2 3 4 5 6 7 8 9 … 103 104 Next →  
(8 comments)

real estate fraud: Mortgage Fraud Blog for February 4, 2015 - 02/04/15 06:49 AM
      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 … (2 comments)

real estate fraud: FinancialAdviser Guilty of Conspiring to Defraud Professional Athletes - 02/04/15 05:35 AM
New York Financial Adviser Pleads Guilty to Conspiring to Defraud Professional Athlete Clients
SAN DIEGO, CA—United States Attorney Laura E. Duffy announced today that
Joseph Vaccaro,
financial advisor for professional athletes and entertainers, has admitted to plotting to defraud investors in a multimillion dollar investment scheme.
As set forth in his Plea Agreement, on June 5, 2014, Vaccaro and co-defendant Vincent “Vinnie” Porter flew to California to meet with a financial advisor for professional athletes. Unbeknownst to Vaccaro and Porter, the financial advisor was working as a confidential informant for the FBI. At the covertly recorded meeting, Vaccaro pitched … (2 comments)

   

 

 

 




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 8 commentsDavid Saks • February 26 2015 11:19PM
Real Estate Fraud Report for February 27, 2015 - Many New Cases
share
REAL ESTATE FRAUD FILES “Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags… more
West Virginia Couple Sentenced - Defrauded Elderly to Purchase House
share
West Virginia Couple Sentenced for Defrauding Elderly Victim to Purchase Beach House U. S. Attorney’s Office February 25, 2015 Southern District of West Virginia (304) 345-2200 … more
7th Defendant Guilty $3. 9M Mortgage Fraud - 35 Properties Foreclosed
share
Seventh Defendant Pleads Guilty in Mortgage Fraud Conspiracy That Resulted in at Least $3. 9 Million in Fraud At Least 35 Properties Throughout Minnesota Went into Foreclosure as a Result of Scheme U. S… more
Mortgage Fraud Blog for February 25, 2015
share
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
Former Bank of America V. P. in L. V. Guilty - Losses Exceed $6. 4 Mil
share
Former Bank of America Vice President in Las Vegas Pleads Guilty to Misapplication of Bank Funds Bank Losses Exceeded $6. 4 Million U. S. Department of Justice February 24, 2015 Office of… more
Zillow Closes Trulia Acquisition
share
Zillow Closes Trulia Acquisition Zillow’s long-anticipated acquisition of Trulia has finally closed after a six-month review by the Federal Trade Commission. Announced last July, the closure of the deal between the two… more
HUD ISSUES GUIDANCE ON LENDING & TRANSGENDER ACCESS TO SHELTERS
share
HUD NEWS U. S. Department of Housing and Urban Development – Julián Castro, Secretary Office of Public Affairs, Washington, DC 20410 HUD No. 15-023 … more
Real Estate Fraud for February 23, 2015 - Thousands of Cases to Review
share
REAL ESTATE FRAUD FILES “Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags… more
Cal Woman Sentenced to 3 Years in Federal Prison for Real Estate Fraud
share
Seal Beach Woman Sentenced to Nearly Three Years in Federal Prison for Operating Real Estate Scheme in Orange County U. S. Attorney’s Office February 20, 2015 Central District of California (213) 894… more
Real Estate Practice : Lesson 3965
share
A farm earns $36, 000 net after allowing for all expenses. The buyer wants a 6% return on the investment. What would the buyer pay for the farm to net a 6% return on the investment? Please take your time. The answer is posted… more