David Saks' Blog

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Industry Observer - TN LIC# 290452
David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !

ARCHIVED BLOG POSTS

2011 

CEO of Home Start America Sentenced to 50 Months Michael Kaufman, 43, Reading, Pennsylvania, the CEO and founder of purported real estate investment firm Home Start America, Inc. ("HSA") who directed a long-running, large scale wire fraud conspiracy with loan officer David Wynn through Kaufman's ...
11/29/2011
Real Estate Developer Guilty of Fraud Harold Rosen, 80, Clayton, Illinois, a real estate developer, pled guilty in U.S. District Court on October 27, 2011, for his role in the failed Bowman Estates construction project. Rosen was indicted by a federal grand jury on January 21, 2011, for attemptin...
11/29/2011
Mortgage Fraud Ringleader Sentenced to 10 Years Syed A. Babar, also known as "Ali" and "Asad," 29, New London, Connecticut, was sentenced by Chief United States District Judge Alvin W. Thompson in Hartford, Connecticut, to 120 months of imprisonment, followed by three years of supervised release,...
11/29/2011
REALTOR / MORTGAGE BROKER Sentenced for Mortgage Fraud U.S. Attorney’s Office November 28, 2011 District of South Carolina (803) 929-3000   COLUMBIA, SC—United States Attorney Bill Nettles stated today that Robert C. Sasser, age 32, of Lexington, was sentenced in federal court in Columbia for wi...
11/29/2011
Do Something Nice For Someone Today....-David-
11/29/2011
  Good News For the October New-Home Sales Index    Sales of newly built, single-family homes were up 1.3 percent to a seasonally adjusted annual rate of 307,000 units in October — the best new-home sales activity since May 2011. The Census Bureau and the Department of Housing and Urban Developme...
11/28/2011
Here's a classic for my pals in the Navy and Marines, retired and active. -David-
11/28/2011
New London Man Sentenced to 10 Years in Federal Prison for Operating Extensive Mortgage Fraud Scheme U.S. Attorney’s Office November 28, 2011 District of Connecticut (203) 821-3700   David B. Fein, United States Attorney for the District of Connecticut, announced that SYED A. BABAR, also known a...
11/28/2011
2 Comments
Happy Holidays to All !-David-
11/27/2011
                                                           #1420 When we talk about retail space and office buildings we're usually speaking of examples of special use real estate and commercial property. Please take your time. The answer is posted below the wildlife photo. Is this true or false?...
11/27/2011
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David Saks

Broker / Industry Analyst
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Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher.
Nothing will be published that has not been verified via the public record or consent provided.
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