David Saks: New Defendant Charged in Alleged Fraud on Philly Sheriff’s Department

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

New Defendant Charged in Alleged Fraud on Philly Sheriff’s Department

New Defendant Charged in Alleged Fraud on the Philadelphia Sheriff’s Department

U.S. Attorney’s Office June 26, 2013
  • Eastern District of Pennsylvania (215) 861-8200

PHILADELPHIA—Gerard Joseph, 36 years old, of La Jolla, California, is charged by indictment, unsealed today, with conspiracy and wire fraud in connection with a scheme to defraud the Philadelphia Sheriff’s Office, announced United States Attorney Zane David Memeger.

Joseph was arrested last night.

Joseph was in the business of buying, renovating, and selling properties in the Philadelphia area.

According to the indictment, between 2007 and at least 2008, Joseph conspired with Richard Bell, charged separately, to purchase properties at Sheriff’s sale for 10 percent of the sale price. Joseph would pay the 10 percent deposit on the day of the sale and pay the remaining 90 percent within 30 days of the sale. Bell, who worked in the accounting department, would remove the 90 percent payment before it was deposited into the Philadelphia Sheriff’s Office bank account, thereby allowing Joseph to buy the properties for 10 percent of the sale price. Joseph would then resell the properties at a profit and would pay Bell a fee.

Between April 2007 and November 2007, Joseph purchased approximately four properties at Sheriff’s sales through this fraudulent scheme, and, in June 2008, he resold two of them receiving the profit that should have gone to the Philadelphia Sheriff’s Office.

If convicted of all charges, Joseph faces a statutory maximum sentence of 60 years in prison, a fine of up to $750,000, full restitution, and three years of supervised release. Bell pleaded guilty and is awaiting sentencing.

The case was investigated by the Federal Bureau of Investigation, the Internal Revenue Service-Criminal Investigation Division, the Philadelphia District Attorney’s Office, and the City of Philadelphia Office of Inspector General. The City of Philadelphia Office of the Controller has also assisted the investigation. The case is being prosecuted by Assistant United States Attorney Sarah L. Grieb and Assistant United States Attorney Christopher Diviny.

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 • June 26 2013 01:06PM


David I am sorry if I offend anyone here but this is my opinion. My dad told me "Scratch a cop, find a crook". I have always believed that. Maybe I do because I came from Chicago. Up until I was in my 30's if you ever got pulled over for speeding you handed your drivers license to the copper with a 20 and he gave it back to you and took off.

The biggest drug dealers were cops who kept the drugs they took and always kept the money on hand. I know this from the news papers.

There were, or are so many cops that are members of the Chicago outfit and do "heavy work" for the mob. That means murders. The chief of detectives of the whole city of Chicago William Hanhardt ran a jewel-theft ring for 20 years or more and went to jail. Two governors in jail at the same time and now Jesse Jackson Jr.

Let me ask you this. Has a cop ever helped you?


Sorry if I sound cynical but I am from Chicago.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) over 6 years ago

Yes, Noah, a cop has helped me. My brother is a sheriff's deputy in Saint Tammany Parish, Louisiana in New Orleans. He attended LSU on a baseball scholarship and joined the police department when he left college. He has nearly thirty years of service with the New Orleans Police Department. He saves lives and I love him very much. But I do agree that there are some very bad police officers who tarnish the badge. I've been victimized by them as well as others, but I forgive and also fully understand the pressure that they live with daily and I support the police in my community, and would defend the good officers among them. I know that Chicago can be very tough. The legends of Cicero are far and wide. I have cousins in Chicago.

Posted by David Saks ((retired)) over 6 years ago

This blog does not allow anonymous comments