David Saks: Disbarred Attorney Sentenced for Stealing Client Funds

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

Disbarred Attorney Sentenced for Stealing Client Funds

Disbarred Attorney Sentenced for Stealing

Client Funds

U.S. Attorney’s Office June 26, 2014
  • Northern District of Georgia (404) 581-6000

ATLANTAThomas W. Dickson has been sentenced for stealing over $300,000 from his law firm’s clients.

“When Dickson stole over $300,000 of his clients’ money, he violated the law,” said United States Attorney Sally Quillian Yates.

According to United States Attorney Yates, the charges and other information presented in court: In December 2008, while employed with a large Atlanta, Ga., law firm, Dickson was retained by Tenants In Common (TIC), owners of commercial real estate purchased through DBSI Inc., an Idaho based company. DBSI sold TIC investments or fractional ownership interests in commercial real estate to investors across the country.

In November 2008, DBSI filed bankruptcy and many of the investors lost their life savings.

In December 2008, several TIC property owners retained Dickson to represent their interests in the bankruptcy action.

In 2009, Dickson encouraged TIC owners to transfer rents and other income into his law firm’s trust account.

Between February 24, 2010, and January 6,

2012, Dickson fraudulently directed his

law firm’s accounting department to

unlawfully transfer over $300,000 from

the law firm’s trust account to a checking

account controlled by Dickson and his


Dickson led the firm’s accounting department to believe that the funds were being transferred on behalf of TIC clients to pay legitimate third party expenses.

In March 2013, Dickson was disbarred by

the Georgia State Bar.

Dickson, 53, of Boulder, Colo., has been sentenced by United States District Judge Willis B. Hunt, Jr., to 12 months and one day in prison to be followed by three years of supervised release, with the first six months of supervised release to be served in home confinement, 120 hours of community service, and ordered to pay restitution in the amount of $175,951.98. Dickson pled guilty to wire fraud on August 14, 2013.

This case was investigated by the Federal Bureau of Investigation.

Assistant United States Attorney Jeffrey A. Brown prosecuted the case.

For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.Presse-mails@usdoj.gov or (404) 581-6016. The Internet address for the home page for the U.S. Attorney’s Office for the Northern District of Georgia Atlanta Division is http://www.justice.gov/usao/gan/.


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 27 2014 08:31AM


How sad that people put their trust in this man

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) over 5 years ago

There are lot's of attorneys in prison, or wating to be tried, for the same crimes, Hannah. They steal escrow and trust funds all the time.

Posted by David Saks ((retired)) over 5 years ago

This blog does not allow anonymous comments