David Saks: Former Loan Processor Indicted with Husband and Brother in Conspiracy

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

Former Loan Processor Indicted with Husband and Brother in Conspiracy

Former Loan Processor Indicted with Husband and Brother in Conspiracy to Defraud California Bank

U.S. Attorney’s Office November 13, 2013
  • Southern District of Texas (713) 567-9000

HOUSTON—An 11-count sealed indictment charging conspiracy and bank fraud has been unsealed following the arrests of area residents

Rita “Jessica” Martinez,

her husband Gilbert Martinez,

and her brother Felix Martinez,

announced United States Attorney Kenneth Magidson.

The three were arrested this morning without incident at their residences. They made their initial appearances before U.S. Magistrate Judge Mary Malloy today, at which time they were permitted release upon posting bond. They are set for arraignment on Monday, November 18, at 9:45 a.m.

Rita “Jessica” Martinez, 31, Gilbert Martinez, 35, both of Houston, and Felix Martinez, 37, of New Caney, are charged for their alleged involvement in a scheme to defraud Farmers and Merchants Bank of Long Beach, California, of bank loans for themselves and others.

According to allegations in the indictment, Jessica Martinez worked as a loan processor at a Houston area-business known variously as Globan Mortgage Company, Casa Milagro, and First Milagro. She allegedly submitted falsified loan applications for Gilbert and Felix Martinez and others to Farmers and Merchants Bank.

The indictment alleges the defendants completed loan applications containing falsified income information and provided false information about borrowers’ employment, income, and assets.

The indictment also provides notice of the government’s intent to forfeit their interest in the loan proceeds they allegedly obtained as a result of the bank fraud scheme, including a house in New Caney that was allegedly purchased with loan proceeds from the purported fraud.

The maximum penalty, upon conviction, for conspiracy and bank fraud is 30 years in prison and a $1 million fine.

This case is being investigated by the FBI, United States Postal Inspection Service, and the Federal Deposit Insurance Corporation. Assistant United States Attorney Belinda Beek is prosecuting.

An indictment is a formal accusation of criminal conduct, not evidence.

A defendant is presumed innocent unless convicted through due process of law.

http://www.fbi.gov/houston/press-releases/2013/former-loan-processor-indicted-with-husband-and-brother-in-conspiracy-to-defraud-california-bank?utm_campaign=email-Immediate&utm_medium=email&utm_source=fbi-in-the-news&utm_content=274567

 




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 0 commentsDavid Saks • November 14 2013 09:52AM

Comments

This blog does not allow anonymous comments