David Saks: Mortgage Fraud Blog Report for May 9, 2014

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

Mortgage Fraud Blog Report for May 9, 2014

Mortgage Fraud Blog sends update emails once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com.
Here's the latest from Rachel Dollar.
Rachel Dollar

Rachel Dollar is a California attorney who represents lenders in mortgage related litigation. She is a shareholder at Smith Dollar PC. Ms. Dollar is a nationally recognized speaker, is licensed to practice law in California and maintains offices in Santa Rosa, California.

Mortgage Fraud Blog is sponsored by Smith Dollar PC and Rachel Dollar Risk Management, Inc.

Mortgage Fraud Blog | Mortgages and fraud and the law, oh my! - 9 new articles

In This Issue...

Man Jailed for Ripping Off Timeshare Owners By Promising to Sell in Exchange for Advanced Fee

Jury Convicts Man in $2.7M Mortgage Fraud Scheme

Real Estate Investment Partner Indicted for Allegedly Cheating Investors of $10M

Attorney Jailed for Stealing Funds Intended for Hard Money Loans

2 Charged With Identity Theft in Obtaining Mortgage Loans

Hefty Sentence Handed Down to Mortgage Modification Scammer

SVP Charged with Making False Loans to Hide Bank Losses

Real Estate Agent Jailed for Submitting Fraudulent Pay Stubs to Lender

Title Agent Convicted of Failing to Pay Off Prior Mortgages

Search Mortgage Fraud Blog | Mortgages and fraud and the law, oh my!
Man Jailed for Ripping Off Timeshare Owners By Promising to Sell in Exchange for Advanced Fee

Jose Manuel Goyos, Jr., 27, Jupiter, Florida, was sentenced to 96 months in federal prison for his role in a fraudulent scam promising timeshare owners that in exchange for an advance fee that...

Read the whole entry »

      


Jury Convicts Man in $2.7M Mortgage Fraud Scheme

Terrence Matthew Brown, also known as Terry Brown, 48, Round Rock, Texas, formerly of Wichita, Kansas, was convicted in federal court of his role in a $2.7 million mortgage fraud scheme wherein he...

Read the whole entry »

      


Real Estate Investment Partner Indicted for Allegedly Cheating Investors of $10M

Matthew Stoen, 35, Wayzata, Minnesota, and formerly of St. Charles and Chicago, Illinois, was indicted on federal charges alleging that he fraudulently obtained more than $10 million from more than...

Read the whole entry »

      


Attorney Jailed for Stealing Funds Intended for Hard Money Loans

Sharon Anderson, 51, Oakland, Tennessee, an attorney, was sentenced to 20 months in federal prison after soliciting clients to make what they believed were four separate short-term hard money loans...

Read the whole entry »

      


2 Charged With Identity Theft in Obtaining Mortgage Loans

Marcus Payne, 44, Memphis, Tennessee, and Booker Smith, 30, Memphis, Tennessee, were indicted by a federal grand jury on April 16, 2014 on seven counts related to a mortgage fraud and identity theft...

Read the whole entry »

      


Hefty Sentence Handed Down to Mortgage Modification Scammer

Kenneth Sandoval, 36, Dearborn, Michigan, owner of Nationwide Consulting, was sentenced to up to 20 years in prison after being convicted of one count of Conducting a Criminal Enterprise, a felony...

Read the whole entry »

      


SVP Charged with Making False Loans to Hide Bank Losses

Gary Alan Rickenbach, 56, Little Rock, Arkansas, has been indicted and charged with one count of conspiracy to commit bank fraud, misapplication of bank monies, making false entries to deceive the...

Read the whole entry »

      


Real Estate Agent Jailed for Submitting Fraudulent Pay Stubs to Lender

Christian Sanchez, 47, Rogers, Arkansas, was sentenced to 18 months in federal prison, three years of supervised release, and a $2500 fine for making False Statements to a Financial Institution...

Read the whole entry »

      


Title Agent Convicted of Failing to Pay Off Prior Mortgages

Jay Fischer was found guilty by Marathon County, Wisconsin, Judge Gregory Huber of a million dollar mortgage fraud scheme wherein he failed to pay off prior mortgages, resulting in dual active...

Read the whole entry »

      


Copyright 2004-2014 Rachel M. Dollar



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 6 commentsDavid Saks • May 09 2014 02:13PM

Comments

Great information, thanks for sharing this with us.  Have a great day!

Posted by Don Sabinske, Sabinske & Associates Inc. (Don Sabinske, Sabinske & Associates Inc.) almost 6 years ago

David  Crime may pay for a short time but in the end you get caught and then it costs you money and your reputation. It may even mean jail-time so in the end it really does not pay

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) almost 6 years ago

Many thanks, Don. Always nice to see you.

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

Safe to say that some in Rachel's blog will be making license plates for a living, Hannah.

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

You know David, these people and their fraud tactics always amaze me...thanks for sharing.

Posted by Ginny Gorman, Homes for Sale in Southern RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) almost 6 years ago

Me too, Ginny, but because there's so much of it going on I'm less amazed. Nice to hear from you.

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

This blog does not allow anonymous comments