David Saks: Man Charged in Home Improvement Scam Defrauded Elderly of Thousands

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 Charged in Home Improvement Scam Defrauded Elderly of Thousands

Owensboro Man Charged in Second Home Improvement Scam Charged with Defrauding Union County Couple of Nearly $150,000
Recently Pleaded Guilty in U.S. District Court to Defrauding Elderly Daviess County Couple of $200,000 in Similar Home Improvement Scam

U.S. Attorney’s Office May 22, 2014
  • Western District of Kentucky (502) 582-5911

OWENSBORO, KY—An Owensboro, Kentucky man is being held by the U.S. Marshals Service following his arrest May 9 for devising a scheme to defraud a Union County, Kentucky couple of nearly $150,000 in a home improvement scam announced David J. Hale, United States Attorney for the Western District of Kentucky. Robert K. Gray was awaiting sentencing in a similar case in which he had pleaded guilty to mail fraud in connection with defrauding over $200,000 from an elderly Daviess County, Kentucky couple and agreed to pay $220,000 restitution.

Defendant Gray, age 49, was charged in a 14-count federal grand jury indictment this week with two counts of wire fraud and 12 counts of structuring financial transactions in order to evade federal reporting requirements.

According to the indictment, between January 17, 2014 and April 14, 2014, Gray was paid a total of $149,839 for work on the home of a Union County, Kentucky couple. Payment was made in the form of 24 checks drawn on their personal checking account at Old National Bank. It is alleged that defendant Gray never completed any of the home improvement projects he’d undertaken to perform. Further, Gray is charged with requesting payments be made in amounts under $10,000 and then cashing each of the checks at different branches of a financial institution in order to avoid the bank’s requirement to report currency transactions over $10,000 to the Internal Revenue Service. According to the indictment, between February 16, 2014 and February 27, 2014, in Daviess, Union, Henderson, and Hopkins Counties, defendant Gray knowingly and for the purposes of evading reporting requirements cashed checks, drawn on an Old National Bank account, in amounts less than $10,000.

If convicted at trial, Gray faces a combined term of not more than 100 years in prison, a fine of up to $1,000,000, and a term of supervised release of up to five years.

In a separate case, in February 2014, Gray admitted to defrauding an elderly Daviess County couple of their retirement fund by making material misrepresentations about an investment opportunity in the defendant’s construction company. Defendant Gray also made home improvements to the couple’s residence in excess of $300,000, an amount that is more than double the assessed value of the property.

Gray admitted to using investment funds he received from the victim to pay for personal expenses and to purchase vehicles, including a 2006 Hummer for $25,000 the day after Gray received and deposited the first investment check and, approximately two weeks later, to purchase a 2006 Kawasaki motorcycle for $5,000.

Gray is scheduled for sentencing before Chief Judge Joseph H. McKinley, Jr. on June 26, 2014, in U.S. District Court in Owensboro.

This case is being prosecuted by Assistant United States Attorney Marisa Ford and is being investigated by the Federal Bureau of Investigation (FBI).

The indictment of a person by a grand jury is an accusation only and that person is presumed innocent until and unless proven guilty.


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 27 2014 07:31AM


I have no sympathy for the scammers (thieves) that prey on elderly people -  no sympathy at all.  BTW David, your profile was very interesting to read. 

Posted by Donna Yates, Blue Ridge Mountains (BHGRE - Metro Brokers) almost 6 years ago

Thank you, Donna.

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

This blog does not allow anonymous comments