David Saks: 8 Arrested in Sacramento for Straw Buyer Scheme

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

8 Arrested in Sacramento for Straw Buyer Scheme

8 Arrested in Sacramento for Straw Buyer Scheme

Vera Kuzmenko, Nadia Kuzmenko, Aaron New, Vanik Atoyan, Peter Kuzmenko, Sergey Blizenko, Veniamin Markevich, and Edward Shevtsov, Sacramento, California, have ben arraigned following their arrests in an eight-defendant federal mortgage fraud case involving losses alleged to exceed $9 million. The indictment, returned Thursday, May 12, 2011, by a federal grand jury in Sacramento, charges the defendants with wire fraud and mail fraud in connection with an alleged mortgage fraud scheme involving multiple properties in the Sacramento area that operated between late 2006 and late 2007. The indictment alleges that the defendants were responsible for originating more than $16.3 million in residential mortgage loans on 14 homes purchased through straw buyers. All of the homes went into foreclosure, causing losses of approximately $9.6 million.

According to court documents, defendant Vera Kuzmenko and her sister Nadia Kuzmenko were licensed real estate sales persons who allegedly recruited straw buyers with the assistance of Vanik Atoyan and other defendants. Defendant Aaron New was a licensed real estate broker. According to the indictment, the Kuzmenko sisters and others then prepared loan applications containing materially false information as to the straw buyers' income, employment, assets and liabilities, and intent to occupy the residences, and defendant Aaron New presented the fraudulent applications to lending institutions. Defendants Veniamin Markevich, Edward Shevtsov, Peter Kuzmenko and Sergey Blizenko are alleged to have created shell companies, or used companies that had no connection with the properties, for use in submitting invoices to falsely claim they had made repairs to the properties. They then received payments from escrow to which they were not entitled.

Defendants Vera Kuzmenko, Aaron New, Peter Kuzmenko, Sergey Blizenko, Veniamin Markevich, and Edward Shevtsov, are also charged with money laundering. Vera and Nadia Kuzmenko are also charged with witness tampering.

Defendants Vera Kuzmenko, Nadia Kuzmenko and Vanik Atoyan were arraigned before U.S. Magistrate Judge Dale A. Drozd. The other defendants were arraigned yesterday and Friday. Defendants Vera Kuzmenko, Edward Shevtsov, and Peter Kuzmenko have been ordered detained pending further proceedings. Other defendants have been released on bail.

United States Attorney Benjamin B. Wagner announced the arrests.

The case is the product of an investigation by the FBI and IRS-Criminal Investigation. Assistant U.S. Attorney R. Steven Lapham is prosecuting the case.

This law enforcement action is part of the work being done by President Barack Obama's Financial Fraud Enforcement Task Force. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes. One component of the FFETF is the national Mortgage Fraud Working Group, co-chaired by U.S. Attorney Wagner, which is tasked with combating mortgage fraud schemes. For more information on the task force, visit StopFraud.gov.

Courtesy Mortgage Fraud Blog




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 4 commentsDavid Saks • May 21 2011 12:08PM

Comments

I think government needs to crack down a bit harder on fraud enforcement. Especially on line fraud from overseas.

Neat topic.

Good luck and success to you!

Posted by Mario Gattavara, (Lake Oroville Area) (IMPACT California Properties) almost 9 years ago

Agreed, Mario. It's an everyday occurence; sadly pandemic. Thank you for your thoughts.

Posted by David Saks ((retired)) almost 9 years ago

It was long process, smart people always can make money, of course the ending unhappy! You have know the time when to stop...

Posted by Arnold almost 9 years ago

Yep that's the reason she got caught, because she got no limits to stop.

Posted by Nicole almost 9 years ago

This blog does not allow anonymous comments