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 Files for February 4, 2015


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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

Real Estate Crimes

 

 
 
   

 

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

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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

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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 … (0 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)

real estate fraud: Las Vegas Attorney Guilty in Scheme to Erase $800+k in Mortgage Debt - 02/03/15 08:10 AM
Las Vegas Defense Attorney Pleads Guilty in Scheme to Erase More Than $800,000 in Mortgage Debt
Transferred Duffel Bag with $290,000 in Cash to His Brother-in-Law to Finance Sham Short Sale LAS VEGAS—
Luis J. Rojas,
a Las Vegas criminal defense attorney, pleaded guilty today in federal court to making false statements in connection with a fraudulent “short sale” of his property in Henderson Nevada.
As detailed in the plea agreement, Rojas purchased a single family home in 2006, for $935,430, which he financed by taking out two mortgages from Homecomings Financial Network, a GMAC company (“GMAC”). Rojas then lived … (2 comments)

real estate fraud: Former Loan Officer Pleads Guilty to Fraud Charges - 02/02/15 07:27 AM
Former Loan Officer Pleads Guilty to Fraud Charges
ST. LOUIS, MO—
Joseph Brogan
pled guilty to multiple fraud charges related to a scheme involving applications for home loans.
According to statements made in court during the guilty plea, Joseph Brogan was employed as a loan officer for USA Mortgage Inc. where he handled both conventional mortgages and FHA loans.
Michael Wallis owned and operated a company known as Missouri Builders and Home Remodeling (Missouri Builders), which performed interior construction and remodeling work on houses.
Bogan, Wallis and others conspired to obtain loan funds by making false and fraudulent representations … (0 comments)

real estate fraud: Brevard County Men Gets 10+ Years for $18 Mil Real Estate Fraud Scheme - 02/02/15 07:13 AM
Brevard County Men Sentenced to More Than 10 Years for Operating $18 Million Fraud Scheme
ORLANDO, FL—Senior U.S. District Judge John Antoon, II today sentenced
 
Donald Ray Babb (58, Merritt Island) and
 
 
Ralph Victor Ruth (61, Melbourne)
 
to ten years and one month in federal prison for conspiracy to commit wire fraud.
The Court also ordered the forfeiture of their interest in the following properties:
422 Waterside Drive, Merritt Island, FL; 3502 Tipperary Drive, Merritt Island, FL; 3661 Turtle Mound Road, Melbourne, FL; 312 Sycamore Circle, Warne, NC; and 3498 NC Highway 60, Murphy, NC, … (2 comments)

real estate fraud: Houston Man Sentenced for Conspiring to Steal HELOC from Victims - 01/30/15 10:21 AM
Houston Man Sentenced for Conspiring to Steal from Home Equity Lines of Credit of Unsuspecting Victims
HOUSTON—
Obinna Gregory Okoro,
25, of Houston, has been ordered to prison after conspiring to use personal identifiers of victims to create fake bank accounts online, link those accounts to existing bank accounts and drain them of the funds, announced United States Attorney Kenneth Magidson. Okoro pleaded guilty to one count of conspiring to commit bank fraud, one count of engaging in computer fraud and one count of aggravated identity theft Sept. 3, 2014.
Today, U.S. District Judge Nancy Atlas, who had accepted the … (0 comments)

real estate fraud: Investment Adviser Indicted for Theft of Client Money - 01/30/15 10:07 AM
Westminster Investment Adviser Indicted for Theft of Client Money
Defendant Allegedly Convinced Victims to Give Him More Than $1.9 Million from Retirement Savings, Lines of Credit, and Refinanced Mortgages in the False Promise of Receiving Higher Investment Returns BALTIMORE, MD—A federal grand jury indicted
Jasper Buck,
age 59, formerly of Westminster, Maryland and elsewhere including Sanford and Lake Mary, Florida, for mail fraud arising from an investment fraud scheme. The indictment was returned on January 21, 2015 and unsealed today upon the arrest of the defendant. An initial appearance is expected to be scheduled in federal court in the Middle … (0 comments)

real estate fraud: Real Estate Fraud Files for January 30th, 2015 - 01/30/15 04:59 AM
 
Related Links:  
← Previous 1 2 3 4 5 6 7 8 9 … 102 103 Next →  
(2 comments)

real estate fraud: Mortgage Fraud Blog Report for January 28, 2015 - 01/27/15 10:09 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 January 27, 2015 - 01/26/15 11:15 PM
 
(2 comments)

real estate fraud: Real Estate Fraud Report for January 26, 2015 - 01/26/15 10:35 AM
 
FRAUD FILES
 
 
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.
 
Related Links:
← Previous 1 2 3 4 5 6 7 8 9 … 102 103
(2 comments)

real estate fraud: Woman Sentenced for Stealing $300,000 - 01/22/15 09:12 AM
Galena Woman Sentenced for Stealing $300,000 from Employer
SPRINGFIELD, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced today that a Galena, Mo., woman has been sentenced in federal court for embezzling more than $300,000 from her employer.
Sarah N. Underwood,
36, of Galena, was sentenced by U.S. District Judge Beth Phillips on Tuesday, Jan. 20, 2015, to two years and six months in federal prison without parole. The court also ordered Underwood to pay $311,280 in restitution to Fall Creek Condominium and $95,008 in restitution to the Internal Revenue Service, for total restitution payments of … (2 comments)

real estate fraud: Former Texas Title Company Employee Heads to Prison for Bank Fraud - 01/22/15 09:07 AM
Former Texas Title Company Employee Heads to Prison in Bank Fraud Conspiracy
HOUSTON—Harris County resident
Maria Eliza Garza
has been ordered to prison following her conviction in conspiring to defraud seven different Houston-area banks or more than $2 million in 2007 and 2008, announced United States Attorney Kenneth Magidson.
Garza pleaded guilty Sept. 4, 2013.
Today, U.S. District Judge Lee H. Rosenthal, who accepted the guilty plea, handed Garza an 18-month sentence to be followed by three years of supervised release. At the hearing, the court noted that Garza was an important player in the scheme and further ordered … (0 comments)

real estate fraud: Real Estate Fraud Report for Wednesday January 20, 2015 - 01/20/15 10:00 PM
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.
Please contact David Saks with any questions.

Tags american real estate alliance (1) career institute (1) davidsaks (2) david saks (854) david saks meetup in memphis (1) david saks music … (2 comments)

real estate fraud: Mortgage Fraud Blog for Wednesday January 20, 2015 - 01/20/15 09:44 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: Prop Mgr & R E Agent Get 22 Mos in Prison for Mortgage Fraud - 01/16/15 07:27 PM
Property Manager and Real Estate Agent Sentenced to 22 Months in Prison for Role in Mortgage Fraud Conspiracy That Caused $7 Million in Losses to Lenders
NEW HAVEN, CT—A property manager and real estate agent was sentenced today to 22 months in prison for his role in a mortgage fraud scheme arising from the purchases of more than 40 properties in New Haven, New Jersey U.S. Attorney Paul J. Fishman announced today.
Menachem Yosef Levitin (a/k/a Joseph),
29, of New Haven, pleaded guilty before Chief U.S. District Judge Janet C. Hall on July 5, 2012, to an information charging … (2 comments)

real estate fraud: Defendant in $40M Ponzi Gets 21 Yrs in Prison - Built Mansion w/Money - 01/16/15 07:18 PM
Federal Judges Sentences the Last Defendant in $40 Million Ponzi Scheme to 21 Years in Prison
Jury Convicted the CPA Hedge Fund Manager of Securities Fraud Conspiracy and Related Charges; Defendant Built Personal Mansion with the Stolen Money CHARLOTTE, NC—On Thursday, January 15, 2015, U.S. District Judge Robert J. Conrad, Jr. sentenced
Jonathan D. Davey,
50,of Newark, Ohio to 252 months in prison for his role in Ponzi scheme that defrauded victims of more than $40 million, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina. Judge Conrad also ordered the defendant to spend three years … (2 comments)

real estate fraud: Hotel Owner Sentenced to 42 Months in Prison for Bank Fraud - 01/16/15 03:27 PM
Knoxville Hotel Owner Sentenced to Serve 42 Months in Prison for Bank Fraud
GREENEVILLE, TN—
Jayesh Dahyabhai Patel,
49, of Knoxville, Tenn., was sentenced on Jan. 15, 2015, by the Honorable Leon Jordan, U.S. District Court Judge, to serve 42 months in federal prison. Patel was also ordered to pay restitution of $2,806,438.20 to First Community Bank and serve five years of supervised release upon his release from prison.
Patel was indicted in May 2014 and pleaded guilty in July 2014 to bank fraud.
He admitted engaging in a scheme from approximately January 2009 to August 2011 to defraud … (2 comments)

real estate fraud: Contracting Company Admits Rigging Selection Process for Projects - 01/15/15 05:22 PM
Owner of Hudson County Contracting Company Admits Rigging Selection Process for Union City Projects
NEWARK, NJ—The owner of a Guttenberg, New Jersey, contracting company today admitted rigging the selection process for projects run by the Union City Community Development Agency (UCCDA), causing losses of at least $120,000, U.S. Attorney Paul J. Fishman announced.
Leovaldo Fundora,
53, of Guttenberg, pleaded guilty before U.S. District Judge William H. Walls in Newark federal court to an information charging him with one count of embezzling, stealing, purloining, and converting to his own use and the use of another, money from the U.S. Department … (0 comments)

real estate fraud: Trustee and His Wife Sentenced for Stealing More Than $124,000 - 01/15/15 09:15 AM
United States Attorney’s Office Announces Sentence in Sullivan County Trustee Fraud Case
Trustee and His Wife Sentenced for Stealing More Than $124,000 from Jefferson Township in Sullivan County INDIANAPOLIS—Josh J. Minkler, Acting United States Attorney, announced today that
Frank Mejean,
53, and his wife
Antonnette Mejean,
49, both of Carlisle, Indiana, were sentenced in federal court today by U.S. District Judge Jane Magnus-Stinson. Frank was sentenced to six months in federal prison and Antonnette received three years of probation after being convicted of wire fraud.
Frank Mejean served as the elected trustee of Jefferson Township, in Sullivan County from … (0 comments)

   

 

 

 




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Comment balloon 8 commentsDavid Saks • February 04 2015 06:53AM
Real Estate Fraud Files for February 4, 2015
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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… more
Mortgage Fraud Blog for February 4, 2015
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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
Tampa Man Sentenced to 3+ Years in Stolen Identity Refund Fraud Scheme
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Tampa Man Sentenced to More Than Three Years in Stolen Identity Refund Fraud Scheme U. S. Attorney’s Office February 03, 2015 Middle District of Florida (813) 274-6000 &… more
FinancialAdviser Guilty of Conspiring to Defraud Professional Athletes
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New York Financial Adviser Pleads Guilty to Conspiring to Defraud Professional Athlete Clients U. S. Attorney’s Office February 02, 2015 Southern District of California (619) 557-5610 &… more
Former North Miami Mayor’s Co-Defendant Sentenced for Mortgage Fraud
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Former North Miami Mayor’s Co-Defendant Sentenced in Multi-Million Dollar Mortgage Fraud Scheme U. S. Attorney’s Office February 02, 2015 Southern District of Florida (313) 226-9100 &… more
Las Vegas Attorney Guilty in Scheme to Erase $800+k in Mortgage Debt
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Las Vegas Defense Attorney Pleads Guilty in Scheme to Erase More Than $800, 000 in Mortgage Debt Transferred Duffel Bag with $290, 000 in Cash to His Brother-in-Law to Finance Sham Short Sale U. S… more
What's The Easiest Way to Lose Your Home
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Gambling destroys families and lives Many foreclosures are the result of degenerate, addictive gambling Stay away from the casinos if you're struggling with your expenses Make sure that… more
Attorney Sentenced in Connection with Rothstein Case to 18 Months
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Attorney Sentenced in Connection with Rothstein Case U. S. Attorney’s Office January 30, 2015 Southern District of Florida (313) 226-9100 Wifredo A. Ferrer… more
Brevard County Men Gets 10+ Years for $18 Mil Real Estate Fraud Scheme
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Brevard County Men Sentenced to More Than 10 Years for Operating $18 Million Fraud Scheme U. S. Attorney’s Office January 30, 2015 Middle District of Florida (813) 274-6000 &… more
Monday's Melody - Buddy Johnson "Be Careful"
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How About a Classic Toe-tapper to Get Your Juices Flowing Here's the Great Buddy Johnson (January 10, 1915 – February 9, 1977) with "Be Careful" It's a swell tune and'll loosen a… more