David Saks: Man Sentenced to 121 Months in Prison for Fraud 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

Man Sentenced to 121 Months in Prison for Fraud Scheme

Oakland Man Sentenced to 121 Months and Ordered to Pay $3.37 Million in Charity Fraud Scheme

U.S. Attorney’s Office May 21, 2013
  • Northern District of California (415) 436-7200

OAKLAND—Keith Aaron Vann was sentenced yesterday to 121 months in prison and ordered to pay $3,377,089.64 in restitution for his role in a conspiracy to defraud three Arizona residents into donating millions of dollars to a phony charitable organization, United States Attorney Melinda Haag announced.

After a four-day trial, a jury convicted Vann on December 17, 2012, of conspiracy to commit wire fraud and mail fraud, a separate count of wire fraud and three counts of money laundering. During the trial, evidence showed that Vann participated in a scheme to defraud the victims, two of whom were Arizona elementary school teachers, of over $3.3 million from their father’s estate by making false representations including, among other things, that an entity known as Global Missions was a non-profit organization recognized by the Internal Revenue Service (IRS); that it provided humanitarian aid worldwide, including in Africa; and that donations to Global Missions would be tax deductible.

Evidence presented at trial showed that, contrary to these representations, Vann and others used donations to Global Missions to pay for personal trips, jewelry, a down payment on a luxury car, and a $1.25 million home.

In furtherance of the conspiracy, Vann posed as Global Missions’ attorney, “James Preston, Esq.” Acting as Preston, Vann told the victims that he had expertise in facilitating tax deductible charitable donations with the IRS.

Vann, 42, of Oakland, California, was charged by indictment on April 16, 2008. The sentence was handed down by U.S. District Court Judge Saundra Brown Armstrong. Judge Armstrong also sentenced Mr. Vann to a three-year period of supervised release. Vann was immediately remanded into custody following the sentencing hearing.

Wade M. Rhyne is the Assistant U.S. Attorney prosecuting the case, with the assistance of Legal Assistants Kathleen Turner and Janice Pagsangan, and Paralegal Noble Hughes. The prosecution is the result of a three-year investigation by the IRS-Criminal Investigation Division and the Federal Bureau of Investigation.

A copy of this press release may be found on the U.S. Attorney’s Office’s website at www.usdoj.gov/usao/can .

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 2 commentsDavid Saks • May 21 2013 06:17PM


Man, do I love it when they catch the fraudsters.  AMazing how they all seem to go out and buy a luxury car and jewelry.

Posted by Gary Frimann, CRS, GRI, REALTOR and Broker (Eagle Ridge Realty / Signature Homes & Estates) over 7 years ago

Stiff penalties in this case, Gary. He has ten years to mull the crime in his cell block. 3.4 mil is a hefty swindle for that hustler and a terrible loss for that con artists' victims. If the FBI would include the costs of prosecution in the press release it would probably be a damned sight more to the taxpayers of our nation as well.

Posted by David Saks ((retired)) over 7 years ago

This blog does not allow anonymous comments