David Saks: Illinois Clerical Employee Charged with Mortgage Fraud

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

Illinois Clerical Employee Charged with Mortgage Fraud

                                               Clerical Employee Charged with Mortgage Fraud

Mirasol Salazar, 35, a seven-year clerical employee for the Town of Cicero, Illinois, was charged with altering her pay stubs and W-2 forms to inflate her income from $30,000 to over $52,000 in order to qualify for a loan on a Berwyn, Illinois home.

The house fell into foreclosure when the defendant failed to make mortgage payments.

The defendant was indicted on charges of Financial Institution Fraud, Theft, Theft by Deception, Loan Fraud, and three counts of Forgery.

The defendant pled not guilty to the charges.

State's Attorney Anita Alvarez announced the indictment.

The indictment followed an investigation by the Cook County State's Attorney's newly formed Mortgage Fraud Investigations and Prosecutions Unit

Alvarez said the indictments signal the commitment of the State's Attorney's Office to address the growing problem of mortgage fraud at the local level.

"When we created the mortgage fraud unit we made a pledge to the people of Cook County that we would aggressively investigate and prosecute these cases," said Alvarez. "These indictments show we are keeping our commitment and will continue the work we started."

Alvarez also announced today that residents of Chicago's West Side and the Western Suburbs will have a new resource in the fight against mortgage fraud with the opening of a third State's Attorney Community Justice Center in Oak Park.

Assistant State's Attorney's in the Mortgage Fraud Unit are assigned to each Community Justice Center to help them work closely with residents, taking a proactive, community based approach the handling of these cases.

Individuals with tips on suspected fraud are encouraged to email the Mortgage Fraud Unit at mortgagefraud@cookcountyil.gov.

The public is reminded that criminal charges are not evidence of guilt. The defendants are entitled to a fair trial in which the state has the burden of proving guilt beyond a reasonable doubt.

Thanks Rachel-MFB




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 2 commentsDavid Saks • June 16 2011 02:11PM

Comments

Thats scary. I know of people who have done this very thing, and had the same result of losing the home. On a crazy "coincidental" topic, I even took a call "today" from a FBI agent who was looking into a fraud investigation from a broker and we were one of the victims funding thier fraud scheme from 2005!?!?!?

Its a whole new world out there and those who did bad things BEWARE, you may be OK today but the time is coming and those who acted in fraudulent ways are being targeted now or are soon coming to the head of the line!

Posted by David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg (US Mortgages - David Shamansky) over 9 years ago

My advice is always play fair, David. Many don't. I routinely, although not habitually, get calls from attorneys or agents representing clients in cases I've posted asking for additional information. My work usually stops with the original blog post unless I receive further information or press releases from the FBI, IRS, Fincen, or Attorney Rachel Dollar and her network for real estate fraud investigation, Mortgage Fraud Blog. I post any subsequent or commensurate follow-up that would further an interest in the case.

Bad deals, bad deals. Watcha gonna do when FEDS come for you ?

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

This blog does not allow anonymous comments