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


Las Vegas Telemarketers Arrested in Timeshare Resale Fraud

U.S. Attorney’s Office November 16, 2012
  • Southern District of Texas (713) 567-9000

HOUSTON—James Assi Jariv, 62, of Las Vegas, Nevada, has been charged, along with seven others, in a four-count indictment alleging conspiracy, wire and mail fraud, and money laundering, United States Attorney Kenneth Magidson announced today. Jariv was arrested yesterday along with Alexander Jariv, the 25-year-old son of James Jariv; Thresa Lloyd, 42; Varda Jariv, 72; and Jiwon Jariv, 33, all of Las Vegas; and Leon Avedikian, 43, of Los Angeles, California.

Two others were taken into custody today, at which time the indictment, returned under seal October 24, 2012, was unsealed.

They are Ronald Frank Muise, 50, and Michael Derek Muise, 27, both also of Las Vegas.

Varda Jariv made her initial appearance yesterday. The remaining defendants are expected to make their initial appearances later today in either Las Vegas or Los Angeles.

The two conspiracy counts carry a maximum imprisonment of 20 years in federal prison but because the wire/mail fraud involved telemarketing that involved 10 or more victims over the age of 55, federal law provides for an additional 10-year sentence in addition to the sentence imposed for mail or wire fraud.

“The IRS is committed to investigating those individuals who engage in corruption and money laundering,” said Bernard Butler, Assistant Special Agent in Charge, Internal Revenue Service-Criminal Investigation. “Working with our law enforcement partners, IRS-CI is committed to unraveling complex financial transactions and money laundering schemes. We will continue to aggressively pursue those who victimize the elderly.”

According to the indictment, the Jarivs and other co-conspirators used a number of different named companies to conduct their telemarketing timeshare resale scheme targeting timeshare owners throughout the United States and Canada. The timeshare owners were allegedly solicited to pay advance fees in exchange for the Jariv companies providing willing buyers for their timeshare properties or points, when in fact, the defendants did not have buyers for the timeshare owners’ interests and did not market or sell the property.

The Jariv companies were registered in various states, including Texas, Nevada, California, Illinois, and Washington, and conducted business at multiple addresses in Houston, Las Vegas, Los Angeles, Chicago, and Seattle, according to court records.

The defendants allegedly used mailing addresses or “virtual office suites” in Las Vegas, Houston, Chicago, and Seattle for receiving money from timeshare owners via the U.S. mail or commercial interstate carriers like FedEx, all the while maintaining call center offices in Las Vegas, Houston, Chicago, and the greater Los Angeles-area from which the defendants, using telephones and e-mail, contacted and communicated with timeshare owners, in an alleged scheme to defraud the timeshare owners of money.

The defendants and their employees falsely represented that they had buyers for the timeshare owners interests (either timeshare weeks or points) and solicited fees, ranging from hundreds of dollars to several thousand dollars from each timeshare owner, the indictment indicates. The defendants allegedly falsely represented that the fees were fully refundable at closing and were used to secure the owners’ place in an acquisition involving corporate buyers, as well as to pay for legal expenses such as title searches, estoppel letters, and closing costs.

The indictment alleges closings were not scheduled, purported sales did not occur ,and no payments were made to timeshare owners for the sale of their property, nor have there been payments by corporations (or other buyers) to the Jariv companies for the purchase of timeshare properties.

The defendants and employees of the Jariv companies did not devote their resources to marketing the timeshare owners’ properties and simply pocketed the advanced fees paid by the timeshare owners with a sizeable percentage of the money used to pay telemarketers, according to the indictment. The balance of advance fees was allegedly kept by Jariv and his family members to be deposited into bank accounts controlled by them and frequently transferred to personal bank accounts or other unrelated corporate bank accounts.

According to the indictment, between February 1, 2011 and January 31, 2012, the defendants would and did victimize approximately 1000 victims living in Canada and throughout the United States including the Southern District of Texas and deposited into eight bank accounts approximately $6,925,137.04 in fraudulently obtained timeshare owner funds.

Approximately $5,945,433.04 in victim funds were retained by, and subsequently transferred into, other accounts controlled by the defendants.

The charges are the result of an investigation conducted by U.S. Secret Service and IRS-CI, with assistance by the FBI Las Vegas Field Office and the San Francisco Office of the Environmental Protection Agency. Assistant U.S. Attorneys Martha Minnis and Katherine Haden are prosecuting the case.

source: FBI

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



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 0 commentsDavid Saks • November 16 2012 03:26PM


This blog does not allow anonymous comments