David Saks: HELLS ANGEL LEADER GETS 1 YEAR IN PRISON FOR 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

HELLS ANGEL LEADER GETS 1 YEAR IN PRISON FOR MORTGAGE FRAUD

Hells Angel Gets 1 Year in Prison for Mortgage Fraud

Josh Leo Johnson, 36, Santa Rosa, California, was sentenced to 12 months in custody and ordered to pay $130,000 in restitution to Sun Trust Mortgage for his role in a mortgage fraud scheme.

The defendant, the current Vice President of the Hells Angels Sonoma Chapter, pleaded guilty on December 13, 2011 to wire fraud. According to the plea agreement, Johnson admitted that from 2006 until 2007, he was involved in a conspiracy with others to fraudulently obtain mortgage loans. Specifically, in May 2007 he signed loan applications, containing materially false statements, for real property in Healdsburg, Calif. These false statements caused interstate wire transfers of loan funds from mortgage lenders directly to Johnson's account.

Some examples of the false statements contained in the loan applications included that Johnson was the owner of a fictitious company for several years and making a large and recurring salary. The documents supporting the loan applications also contained altered bank statements in Johnson's name to reflect a series of inflated balances in his bank account. The loan applications Johnson submitted ultimately resulted in a loss to the lender of approximately $135,000, though the amount of loss in the overall conspiracy is at least several million dollars.

 

Johnson was indicted by a federal grand jury on September 1, 2011. He was charged with conspiracy to commit bank and wire fraud, and wire fraud. He pleaded guilty to wire fraud.

The sentence was handed down by U.S. District Court Judge William Alsup. Judge Alsup also sentenced the defendant to a three year period of supervised release with several special conditions, one of which was that half of his 12 month sentence must be served in federal prison while the remaining portion may be served in the form of home detention.

United States Attorney Melinda Haag announced the sentence.

Kathryn Haun is the Assistant U.S. Attorney who is prosecuting the case with the assistance of Legal Tech Daniel Charlier-Smith. The prosecution is the result of a multi-year investigation by the Internal Revenue Service Criminal Investigations Division and the Federal Bureau of Investigation's Santa Rosa Resident Agency.

source: 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 1 commentDavid Saks • April 11 2012 01:04PM

Comments

It is really hard for me to believe that people will commit this type of fraud.  You would think that they would know they are going to get into serious trouble. No amount of money is worth this kind of conduct.

Betty

Posted by Team Honeycutt (Allen Tate) almost 8 years ago

This blog does not allow anonymous comments