David Saks: Fraud : The Business Isn't Squeaky Clean. Why has it gotten so bad ?

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

Fraud : The Business Isn't Squeaky Clean. Why has it gotten so bad ?

Here's a sample below...
and more than 12 pages of additional cases for your review
when you finish scanning this page
(click here)

real estate fraud: Woman Pleads Guilty to Defrauding Lenders - 08/31/11 11:56 AM
Woman Pleads Guilty to Defrauding Lenders Kathleen Harps, 51, Chesapeake, Virginia, pleaded guilty in Norfolk, Virginia, federal court to conspiring to commit mail and wire fraud in connection with a scheme to fraudulently obtain mortgage loans.            Harps entered a guilty plea before United States Magistrate Judge Tommy E. Miller.  Harps faces a … (2 comments)

real estate fraud: Man Charged for Running Real Estate Investment Scam - 08/31/11 11:49 AM
Man Charged for Running Real Estate Investment Scam Brian Eads, 47, Zionsville, Indiana, was charged with wire fraud and money laundering, following a several-month investigation by the Internal Revenue Service and Federal Bureau of Investigation. The information alleges that Eads, an entrepreneur, owned a business called First Investment Group that has … (0 comments)

real estate fraud: Straw Buyer Scam Trio Indicted - 08/31/11 11:22 AM
3 Indicted for Straw Buyer Scam Sean McClendon, 45, West Sacramento, California; Anthony Salcedo, 30, El Dorado Hills, California; and Anthony Williams, 44, Carmichael, California, have been indicted for their roles in a mortgage fraud conspiracy. Williams is also charged with two counts of identity theft. According to the indictment, between December 2005 and … (3 comments)

real estate fraud: Man Sentenced for Stealing $300K From Deal He Agreed to Broker - 08/31/11 11:03 AM
Man Sentenced for Stealing $300K From Deal He Agreed to Broker John Pitlick, 44, New Hope, Minnesota, who had been charged with mail fraud, was sentenced on August 26, 2011, by Chief US District Judge Karen E. Schreier to 30 months in prison, three years of supervised release, $300,000 in restitution, and a $100 assessment … (0 comments)

real estate fraud: Man Sentenced to More Than 4 Years In Prison for Inflating Mortgages - 08/31/11 10:56 AM
Man Gets 4 Years for Inflating Mortgages Alex Gambini, 44, Greeley, Pennsylvania, the former owner of a financial services firm, was sentenced by Senior U.S. District Court Judge Edwin M. Kosik to spend more than four years in prison for participating in a scheme to fraudulently inflate mortgages during 1999-2002. Gamibini, the former owner … (0 comments)

real estate fraud: Dad Gets 15 Years After Daughter and Son Received 8 for Fraud - 08/31/11 04:07 AM
Dad Gets 15 Years After Daughter and Son Received 8 for Fraud Roy Fluker, Jr., 56, Highland Park, Illinois, was sentenced to 15 years in federal prison, after eight-year prison terms were imposed previously for his son and daughter, in connection with a massive "affinity" fraud scheme in which approximately 2,000 victims were … (5 comments)

real estate fraud: Arrests Made for Fraudulent Recording of Full Reconveyances Affecting Over 17 Million Dollars in Home Loans - 08/31/11 03:08 AM
Arrests Made for Fraudulent Recording of Full Reconveyances Stephen Andrew Easterly and Emanuel Percival have been arrested for allegedly signing Trustee and Full Reconveyance and Release of Lien Documents as the "Authorized Representatives" of various banks. On August 25, 2011, Investigators from the the San Bernardino County District Attorney's Office Real Estate … (0 comments)

real estate fraud: Bank Employee Sentenced for Role in Property Theft Scam - 08/31/11 01:50 AM
Bank Employee Sentenced for Role in Property Theft Scam Venedie Roberto Valencia, 27, North Hollywood, California, who worked at Bank of America at the time of the offense, was sentenced to 15 months in federal prison for his role in a mortgage fraud scheme in which the schemers used stolen identities … (3 comments)

real estate fraud: Attorney Faces Trial for Breaking Into Foreclosed Home - 08/31/11 01:29 AM
Attorney Faces Trial for Breaking Into Foreclosed Home Michael Theodore Pines, 59, San Diego, California, an attorney, faces trial for attempting to illegally break into a foreclosed Newport Coast home. Pines is charged with one misdemeanor count each of vandalism, second degree burglary, the unauthorized entry of a dwelling, and resisting and obstructing an … (2 comments)

real estate fraud: Page After Page of Disturbing "Links" Involving Recent Real Estate Fraud Cases, Prosecution, The Crimes, Their Victims, and Their Outcome - 08/30/11 07:56 PM
Click the cuffs :

(6 comments)

real estate fraud: Las Vegas Man Pleads Guilty in Connection with Fraud Scheme to Gain Control of Condominium Homeowners’ Associations - 08/30/11 07:50 PM
Las Vegas Man Pleads Guilty in Connection with Fraud Scheme to Gain Control of Condominium Homeowners’ Associations   WASHINGTON—A Las Vegas man pleaded guilty today for his role in a fraud scheme to gain control of condominium homeowners’ associations (HOA) in the Las Vegas area so that the HOAs could … (0 comments)

real estate fraud: Thinking About Filing a Phony Insurance Claim ? Read This First ! - 08/26/11 01:16 PM
Two Sentenced in North Providence Insurance Scam PROVIDENCE, RI—Robert A. Ricci, 50, a contractor and former hearing officer for the Rhode Island Contractor’s Registration and Licensing Board, and Lori A. Sergiacomi, a/k/a Tanya Cruise, 49, a former on-air Providence radio personality were sentenced today in U.S. District Court in Providence … (0 comments)

real estate fraud: Pennsylvania Man Sentenced to Prison for Mortgage Fraud Scheme - 08/26/11 12:44 PM
Pike County Man Sentenced to Prison for Mortgage Fraud Scheme The United States Attorney’s Office for the Middle District of Pennsylvania, announced that the former owner of a financial services firm was sentenced today by Senior U.S. District Court Judge Edwin M. Kosik to spend more than four years in … (2 comments)

real estate fraud: Indianapolis Man Charged with Wire Fraud and Money Laundering - 08/25/11 06:33 PM
Zionsville Man Charged with Wire Fraud and Money Laundering INDIANAPOLIS—Joseph H. Hogsett, United States Attorney, announced today that Brian Eads, 47, Zionsville, Ind., was charged with wire fraud and money laundering, following a several-month investigation by the Internal Revenue Service and Federal Bureau of Investigation. The information alleges that Eads, … (0 comments)

real estate fraud: Federal Grand Jury Indicts Additional Defendants for Role in Conspiracy to Embezzle from City of Garland, Texas - 08/25/11 11:58 AM
Federal Grand Jury Indicts Additional Defendants for Role in Conspiracy to Embezzle from City of Garland, Texas Former City of Garland Employee is Currently Serving a 57-Month Prison Sentence for Her Role in the Conspiracy DALLAS—A federal grand jury in Dallas has indicted three defendants for their role in a … (0 comments)

real estate fraud: Three New Jersey Investors Plead Guilty to Bid Rigging at Municipal Tax Lien Auctions - 08/24/11 05:54 PM
Three New Jersey Investors Plead Guilty to Bid Rigging at Municipal Tax Lien Auctions     WASHINGTON—Three financial investors who purchased municipal tax liens at auctions in New Jersey pleaded guilty today for their roles in a conspiracy to rig bids at tax liens auctions held by municipalities, the Department … (4 comments)

real estate fraud: Home Builder Pleads Guilty to Widespread Mortgage Fraud - 08/24/11 12:12 PM
Home Builder Pleads Guilty to Widespread Mortgage Fraud Robert Bruce Keaffaber, 51, Granbury, Texas, a Dallas/Fort Worth Metroplex homebuilder, pleaded guilty to a mortgage fraud scheme in the Eastern District of Texas. Keaffaber pleaded guilty to conspiracy to commit mail fraud on Aug. 17, 2011, before U.S. Magistrate Judge Don D. Bush. 
(0 comments)

real estate fraud: "Mass Joinder" Mortgage Fraud Lawsuits Shut Down - 08/24/11 12:06 PM
"Mass Joinder" Mortgage Fraud Lawsuits Shut Down Philip A. Kramer (bar number 113969), 52, Calabasas; Christopher Van Son (bar number 133440), 49, Oak View; Mitchell Stein (bar number 121750), 53, Agoura Hills, California; and Paul W. Petersen (bar number 170922), 51, Irvine, California, have been shut down by the California State Bar. … (0 comments)

real estate fraud: Mortgage Fraudster Sentenced to 17.5 Years in Prison - 08/24/11 12:00 PM
Mortgage Fraudster Sentenced to 17.5 Years in Prison Kenneth Steward, 45, South Holland, Illinois, was sentenced to 17½ years in federal prison for directing a $35 million mortgage fraud scheme involving more than 120 residences on the city's south side. The scheme caused various lenders and financial institutions to lose approximately $16 … (0 comments)

real estate fraud: Broker Indicted for Mortgage Scam - 08/24/11 11:57 AM
Broker Indicted for Mortgage Scam Marcilin Anne Benvin, 51, Juneau, Alaska, formerly of Reno, Nevada, a mortgage broker, has been indicted by the federal grand jury on charges that she defrauded investors in a mortgage fraud scheme that occurred from 2004 to 2008. Benvin was indicted by the federal grand jury on Wednesday, August … (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 6 commentsDavid Saks • September 03 2011 05:44PM

Comments

Is any business squeaky clean? Not even the business of clergy is that because of one flaw - humans!

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) over 8 years ago

The only business I know of that's squeaky clean is window washing.

Posted by David Saks ((retired)) over 8 years ago

Here I thought the car wash business was squeaky clean.  Thank you for continuing to update us on the missteps of others, so we can be reminded of our own shortcomings, and be more vigilent to watch out concerning our own actions.

Posted by Steven Cook (No Longer Processing Mortgages.) over 8 years ago

Ball washing at the bowling alley, too, Steve.

Posted by David Saks ((retired)) over 8 years ago

Hi David,

I just saw an article about a company in my area of Calfornia who has been shut down for ripping off homeowners for over 14 Million dollars. Of course these are homeowners that paid this company instead of paying their mortgage payments to the bank. But this is still so sad. So many dishonest and unethical people out there ripping off consumers, businesses or even the banks.

I am always glad when it is detected but then it is a lengthly process before they are convicted. Glad when they go to prison for ruining people's lives.

Posted by Kristin Hamilton CA Realtor, (909) 557-6966- Specialize 55+ Communties Banning (Sun Lakes Realty) over 8 years ago

It's very tragic, Kristin. Sadly, the prison terms will never remove the scars left behind that have impaired the industry and harmed the victims that were defiled by these criminals

Posted by David Saks ((retired)) over 8 years ago

This blog does not allow anonymous comments