real estate fraud: Georgia Real Estate Investment Company and Owner Guilty of Bid Rigging - 10/23/13 09:50 AM
Georgia Real Estate Investment Company and Owner Plead Guilty to Conspiracies to Rig Bids and Commit Mail Fraud for the Purchase of Real Estate at Public Foreclosure Auctions
First Charges Filed in Georgia Real Estate Foreclosure Auctions Investigation WASHINGTON—A Georgia real estate investor and his company pleaded guilty today for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia, the Department of Justice announced.
Separate felony charges were filed on September 25, 2013, in the U.S. District Court for the Northern District of Georgia in Atlanta against
Penguin Properties LLC … (0 comments)

real estate fraud: Four More Indicted in Nationwide Timeshare Telemarketing Fraud Scheme - 10/22/13 02:17 PM
Four Additional People Indicted in Federal Court for Participating in Nationwide Timeshare Telemarketing Fraud Scheme
United States Attorney James L. Santelle of the Eastern District of Wisconsin announced that a federal grand jury recently returned indictments against
Tina M. Baalman (age 28),
Jason D. Schultz (age 36),
and Jessica M. Gilbert (age 24) of Green Bay, Wisconsin,
as well as Jessica Weinhart (née Hensen; age 30) of Neenah, Wisconsin.
Each defendant is charged with one count of conspiracy to commit mail and wire fraud. Each is also subject to enhanced penalties under the Senior Citizens … (2 comments)

real estate fraud: Georgia Resident Indicted on Cross-Burning Charges & Housing Rights - 10/21/13 07:05 AM
Georgia Resident Indicted on Cross-Burning Charges
SAVANNAH, GA—Gene Hoyt Vandiver, 34, of Richmond Hill, Georgia, was indicted earlier this month by a federal grand jury sitting in Savannah on charges related to the burning of a cross in his neighbor’s yard.
Vandiver was charged with one count of interfering with housing rights and with one count of arson.
Vandiver had his initial appearance in federal court before United States Magistrate Judge G.R. Smith on October 10, 2013.
According to information presented in court, Vandiver, who is white, allegedly burned a cross in the yard of his neighbor, whom … (2 comments)

real estate fraud: Operator of $2.5 Million Sacramento RE Ponzi Scheme Convicted by Jury - 10/21/13 06:59 AM
Operator of $2.5 Million Sacramento Ponzi Scheme Convicted by Jury
SACRAMENTO, CA—On Thursday, after a three-day trial, a federal jury returned a guilty verdict against
James G. Berghius, 41, of Sacramento,
convicting him of four counts of mail fraud, four counts of wire fraud, and one count of money laundering related to a Ponzi scheme that he operated, announced United States Attorney Benjamin B. Wagner, Sacramento FBI Special Agent in Charge Monica M. Miller, and Special Agent in Charge IRS-Criminal Investigation José M. Martínez.
According to evidence presented at trial, between 2005 and 2007, Berghuis orchestrated a Ponzi … (0 comments)

real estate fraud: Title Company Manager Guilty in $4.8 Million Mortgage Fraud Scheme - 10/18/13 09:29 AM
Title Company Manager Pleads Guilty in $4.8 Million Mortgage Fraud Scheme
Five Co-Conspirators Previously Pleaded Guilty BALTIMORE, MD—Bonnie Kathleen Kreamer, a/k/a Bonnie Meehan, age 47, of Riva, Maryland, pleaded guilty today to conspiring to commit wire fraud in connection with a mortgage fraud scheme which resulted in losses of more than $4.8 million.
The guilty plea was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge Stephen E. Vogt of the Federal Bureau of Investigation; Special Agent in Charge Brian Murphy of the United States Secret Service Baltimore Field Office; Special Agent in … (2 comments)

real estate fraud: Real Estate Broker and Loan Officer Sent to Prison for Mortgage Fraud - 10/18/13 09:15 AM
Real Estate Broker and a Loan Officer Sentenced to Federal Prison on Mortgage Fraud Convictions
ALBUQUERQUE—A real estate broker and a loan officer, both from Albuquerque, New Mexico, will be serving federal prison sentences for their wire fraud convictions, announced Acting U.S. Attorney Steven C. Yarbrough and Special Agent in Charge Carol K.O. Lee of the Albuquerque Division of the FBI.
Keith Michael Courtney, 31, was sentenced on October 9, 2013, to 24 months in prison, followed by three years of supervised release.
His co-defendant Jason Johns, 40, was sentenced yesterday to five months in prison, followed by five months … (4 comments)

real estate fraud: Dirty Real Estate Agents, Others In Jail & Not for Plagiarism ! - 10/08/13 03:05 PM
 
When you click the little red button below you'll find out that  the real estate agents that are in jail, and agents being prosecuted, aren't in the hoosegow because they were plagiarizing blog content !   They got there because they're nasty swindlers that rip off buyers, sellers, investors, lenders and others !   They wreck banks, credit unions, and families lives.   Worst of all, some were ActiveRain members.   You'll probably recognize someone if you've been an ActiveRain member or in the real estate business for a while.   Click this little red button to begin the sordid … (14 comments)

real estate fraud: Fraud Files : New Jersey Investors Guilty of Bid Rigging Tax Liens - 09/30/13 12:21 PM
Two New Jersey Investors Plead Guilty to Their Roles in Bid-Rigging Schemes at Municipal Tax Lien Auctions
Investigation Has Yielded 14 Guilty Pleas WASHINGTON—Two financial investors who purchased municipal tax liens pleaded guilty today for their roles in a conspiracy to rig bids at auctions conducted by New Jersey municipalities for the sale of those tax liens, the Department of Justice announced.
A felony charge was filed today in U.S. District Court for the District of New Jersey in Newark, against Robert U. Del Vecchio, Sr., of Hawthorne, New Jersey. According to the charge, from in or about 2000 until … (0 comments)

real estate fraud: Fraud Files : Loan Officer and Straw Purchaser Guilty of Fraud - 09/30/13 10:25 AM
Loan Officer and Straw Purchaser Admit Roles in Multi-Million-Dollar Mortgage Fraud CAMDEN, NJ—A loan officer and a straw purchaser today admitted they conspired to defraud financial institutions as part of a multi-million-dollar mortgage fraud scam to make illegal profits on over-developed condominiums in the Wildwood, New Jersey area, U.S. Attorney Paul J. Fishman announced.
Michelle Martinez, 49, of Brick, New Jersey, and Dana Rummerfield, 47, of Los Angeles, California, each pleaded guilty before U.S. District Judge Jerome B. Simandle in Camden federal court. Martinez pleaded guilty to an information charging her with conspiracy to commit wire fraud. Rummerfield pleaded guilty to … (0 comments)

real estate fraud: Why Is the Old Cliche' "The American Dream" Heard Less These Days ? - 09/27/13 09:47 AM
      click the little red button for your answer
(0 comments)

real estate fraud: 3 Charged with Fradulent Conduct Related to Independent Living Project - 09/27/13 08:49 AM
Three Charged with Fradulent Conduct Related to the Upper Cumberland Development District
Wendy Askins, 53, of Cookeville, Tennessee; Larry Gene Webb, 64, of Smithville, Tennessee; and Billy Michael Foster, 66, of Smithville, Tennessee, were indicted yesterday by a federal grand jury and charged with various federal offenses related to theft and fraud from the Upper Cumberland Development District (UCCD), announced David Rivera, Acting U.S. Attorney for the Middle District of Tennessee.
UCCD is a quasi-governmental economic development resource for the fourteen counties in the Upper Cumberland Region that was established by the Tennessee General Assembly and was funded in part … (0 comments)

real estate fraud: Fraud Files : More Than 50 People Indicted in Massive Fraud Ring - 09/26/13 03:20 PM
More Than 50 People Indicted in Massive Fraud Ring
Thousands of Stolen Identities Used to Get Millions in Bogus Tax Refunds
*In custody
**Given notice to appear for health reasons
Summary of Charges
The following crimes are charged in at least one of the four indictments:
Conspiracy—Title 18, U.S.C., Section 371
Maximum penalty: five years' imprisonment and $250,000 fine
Mail fraud—Title 18, U.S.C., Section 1341
Maximum penalty: 20 years' imprisonment and $250,000 fine
Wire fraud—Title 18, U.S.C., Section 1343
Maximum penalty: five years' imprisonment and $250,000 fine
Money laundering—Title 18, U.S.C. § 1956
Maximum penalty: five years' imprisonment and $250,000 fine
(6 comments)

real estate fraud: Real Estate Swindler Report : Daniela Spiridon Guilty of REO Fraud - 09/26/13 03:12 PM
St. Charles Woman Pleads Guilty to Fraud Charges ST. LOUIS, MO—
Daniela Spiridon
pled guilty to a real estate scheme related to the purchase or sale of properties.
According to court documents, Spiridon was affiliated with several businesses from an office in Chesterfield, Missouri, which included A&AD Investments LLC; CDRS ESC Investments; Sentrix Loan Production Office; and others.
As part of the scheme, Spiridon fraudulently offered to assist buyers in the purchases of properties that were acquired by lenders through foreclosure and held in inventory, known as real estate owned (REO) properties.
She offered to broker purchases or arrange for … (4 comments)

real estate fraud: Ten Defendants Indicted in Alleged $14.5 Million Mortgage Fraud Scheme - 09/25/13 02:11 PM
Ten Defendants Indicted in Alleged $14.5 Million Mortgage Fraud Scheme That Resulted in $8 Million Loss to Lenders CHICAGO―Ten defendants, including five licensed loan originators, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 52 residential mortgage loans totaling at least $14.5 million from various lenders.
The indictment alleges that the mortgages were obtained to finance the purchase of various properties, primarily on the west and south sides of Chicago, by straw buyers who were fraudulently qualified for loans while the defendants allegedly profited.
As a result, various lenders and their successors incurred losses of at … (0 comments)

real estate fraud: Landlord Charged with Fraud - 09/25/13 02:04 PM
Springfield Landlord Charged with Fraud BOSTON—A Springfield man was charged yesterday in U.S. District Court in Springfield with making fraudulent claims for insurance proceeds following fires at two multi-family homes in Springfield.
Wilkenson Knaggs, 42, was indicted with mail fraud, forging check endorsements, and money laundering.
The indictment alleges that following a November 16, 2008 fire on Franklin Street, Knaggs submitted a fraudulent contract for rehabilitating the three-family house in order to obtain a payout on his homeowner’s policy.
He is also charged with forging the endorsement of the city of Springfield on a second check, cashing the check at a … (0 comments)

real estate fraud: Man Pleads Guilty to Fraud in Connection with Condo Development - 09/24/13 02:21 PM
 
Lakeville Man Pleads Guilty to Conspiring to Commit Fraud in Connection with Burnsville Condo Development MINNEAPOLIS—Earlier today in federal court in St. Paul, a 47-year-old Lakeville man pleaded guilty for his role in a scheme to defraud mortgage lenders in connection with the sale of condominiums at the Chateau Ridge development in Burnsville. John Michael Stevens, the developer of the Chateau Ridge project, pleaded guilty to one count of conspiracy to commit wire fraud. Stevens, who was indicted on November 20, 2012, entered his plea before United States District Judge Susan Richard Nelson.
In his plea agreement and in court … (2 comments)

real estate fraud: Atlantic City Man Conspired with Alleged Members of Organized Crime - 09/20/13 11:36 AM
Atlantic City Man Admits Conspiring with Alleged Members of Organized Crime Family and Others in Fraud Scheme
CAMDEN, NJ—An Atlantic City, New Jersey man admitted he conspired to defraud FirstPlus Financial Group Inc. (FPFG), a Texas-based financial services company allegedly targeted for extortionate takeover and looting by a group led by alleged Lucchese organized crime family member Nicodemo S. Scarfo, U.S. Attorney Paul J. Fishman announced.
John Parisi, 52, pleaded guilty before U.S. District Judge Robert B. Kugler in Camden federal court to a superseding information charging him with conspiracy to commit wire fraud.
According to documents filed in this … (0 comments)

real estate fraud: Swindler Report : President of Tivest Sentenced to 50 Months for Fraud - 09/19/13 08:35 AM
President of Tivest Sentenced to 50 Months in Prison for Fraud Related to the Bank of the Commonwealth
NORFOLK, VA—Dwight A. Etheridge, 49, of Chesapeake, Virginia, was sentenced today to 50 months in prison, followed by five years of supervised release, for conspiracy to commit bank fraud, bank fraud, false statements to a financial institution, and aiding and abetting misapplication of bank funds.
Kathleen M. Kahoe, Acting United States Attorney for the Eastern District of Virginia; Royce E. Curtin, Special Agent in Charge of the FBI’s Norfolk Field Office; Thomas J. Kelly, Special Agent in Charge of the Internal Revenue … (2 comments)

real estate fraud: Wife of Nicodemo Scarfo Admits Conspiring to Defraud Mortgage Lender - 09/18/13 02:35 PM
Wife of Nicodemo S. Scarfo Admits Conspiring with Him and Others to Defraud a Mortgage Lender to Buy Their House
  … (4 comments)

real estate fraud: Swindler Report : Fmr VP W F & Morgan Stanley Guilty $1.8M HELOC Fraud - 09/18/13 12:04 PM
 
Former Vice President of Wells Fargo Advisors and Morgan Stanley & Co. Pleads Guilty in $1.8 Million Fraud Scheme
SAN FRANCISCO—Adorean Boleancu pleaded guilty in federal court in San Francisco on September 13, 2013, to one count of wire fraud, United States Attorney Melinda Haag announced.
In pleading guilty, Boleancu, vice president and senior financial consultant in the Wealth Management Group of Wells Fargo Advisors LLC, admitted to writing more than $1.8 million in checks on accounts of an elderly, widowed client for his personal benefit.
He signed the victim’s name to checks drawn on the victim’s brokerage account … (0 comments)

 
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