David Saks

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Education & Training - TN LIC# 290452 (retired)
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

2012 

Maryland Woman Sentenced to One Year in Prison for Her Role in Extensive Mortgage Fraud Scheme Defendant Submitted Fraudulent Information to Obtain Loans U.S. Attorney’s Office February 29, 2012 District of Columbia (202) 514-7566   Fraud, Mortgage Fraud, Press Release   WASHINGTON—Rasheeda M. C...
02/29/2012
Chesapeake Man Pleads Guilty to Mortgage Fraud Scheme U.S. Attorney’s Office February 28, 2012 Eastern District of Virginia (757) 441-6331   Mortgage Fraud, Norfolk Top Stories, Press Release   NORFOLK, VA—Ray D. Gata, 56, of Chesapeake, Va., pleaded guilty today in Norfolk federal court to cons...
02/29/2012
Foreclosure Rescue Scammers Ordered to Pay $469,500 Property Solutions of N.J., PSRE Holding Company, Edward Toledo and Raymond Vega were found liable to the tune of $469,500 for their roles in deceiving struggling homeowners through a variety of mortgage foreclosure "rescue" practices.   The def...
02/29/2012
Developer Admits Submitting False Documents to Lenders Tyler Fitzsimons, 33, appeared before U.S. District Judge Michael R. Hogan on Tuesday, February 21, 2012, and pleaded guilty to a variety of mortgage and loan fraud charges arising out of the collapse of his company, Desert Sun Development (D...
02/29/2012
Fraudster Admits Lying About his Income to Obtain Loans Thomas E. Green, 57, Ocean City, Maryland, pled guilty to fraudulently securing nearly $2.2 million in loans to purchase five properties in Cape Charles, Virginia. Green pled guilty to conspiring to commit wire and bank fraud, which carries ...
02/29/2012
Broker Sentenced for Occupancy Misrepresentations Mortgage Doctors, Inc. principal, Dennis Scoby, 42, Clearwater, Florida, was sentenced on February 13, 2012, by U.S. District Judge James D. Whittemore to 2 1/2 years in federal prison for conspiring to commit mortgage fraud. The court also ordere...
02/29/2012
Real Estate Investor Admits Rigging Bids at Auctions Wiley C. Chandler, a real estate investor, pleaded guilty in U.S. District Court in Sacramento, California, to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California.   Cha...
02/29/2012
Real Estate Agents Charged With Flipping Scheme Leonard Williams, 49, Sacramento, California, and Joshua Clymer, 25, Sacramento, California, are the subjects of a federal grand jury superseding indictment which alleges three counts of conspiring to commit mail fraud, wire fraud and money launderi...
02/29/2012
Serial Fraudster Admits Real Estate Fraud Winnie Joanne Barefoot, a/k/a Winnie Jo Budzina, a/k/a Winnie JoAnne Conn, a/k/a Joanne Knopsnyder, a/k/a Olivia JoAnne Morgan, a/k/a Olivia JoAnne Barefoot Morgan, 57, Annapolis, Maryland, pleaded guilty to bank fraud arising from her use of numerous ide...
02/29/2012
Reverse Mortgage Scammers Sentenced Kelsey Torrey Hull, 39, Lithonia, Georgia, Jonathan Alred Kimpson, 28, Lithonia, Georgia, James Michael Green, 44, Lilburn, Georgia, Herbert Bush, 31, Atlanta, Georgia, Wilbur "Sonny" Letak, 44, Atlanta, Georgia, and Kevin Claude Barnett, 28, Atlanta, Georgia, ...
02/28/2012
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David Saks

May God Bless You, Always. David
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