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
Washington County Man Convicted in Fraudulent Loan Scheme U.S. Attorney's Office PITTSBURGH-After deliberating for one hour, a federal jury of four men and eight women found Kenneth McGavitt guilty of two counts of mail fraud, United States Attorney David J. Hickton announced today. McGavitt, 58,...
Former Chairman of Taylor, Bean & Whitaker Sentenced to 30 Years in Prison and Ordered to Forfeit $38.5 Million U.S. Department of Justice WASHINGTON-The former chairman and owner of Taylor, Bean & Whitaker (TBW) was sentenced today to 30 years in prison and ordered to forfeit approximately $38.5...
Former Somers Resident Sentenced to Three Years in Federal Prison for Bank Fraud, Money Laundering U.S. Attorney's Office District of Connecticut David B. Fein, United States Attorney for the District of Connecticut, announced that SABIR MOGHUL, 72, of Manchester, was sentenced today by Chief Un...
Click the handcuffs to find out more. You'll need Adobe or some PDF reader to see the report.
Grand Jury Indicts 5 in $9M Mortgage Fraud Scheme A federal grand jury returned an eight-count indictment this week charging five individuals relating to their operation of a mortgage fraud conspiracy in the Dallas-Fort Worth, Texas (DFW) area. Fredrick Lee Moore, 38, Dallas, Texas; Fredrick Bar...
Warning: for mature audiences. Click either link: Blight & More Blight Thanks to the American Broadcasting Company, investigative reporter Randy Wimbley, anchorwoman Joyce Peterson and ABC Channel 24 affiliate station in Memphis, Tennessee. It's my hope that the National Association of Broadcaste...
Increase in Suspicious Activity Reports Involving Mortgage Fraud Attributable to Repurchase Demands The Financial Crimes Enforcement Network (FinCEN), in its First Quarter 2011 Mortgage Loan Fraud (MLF) analysis, reported that the number of MLF suspicious activity reports (SARs) rose to 25,485 ...
Real Estate Agent Admits Cash Back Scheme Joseph Bowen Brown, 30, pleaded guilty in federal court conspiracy to commit wire fraud in a mortgage fraud scheme based in Phoenix, Arizona. Five others have entered guilty pleas in the same scheme and are awaiting sentencing. As previously reported by ...
Brentwood Bill Collector Indicted in Wire, Mail and Bank Fraud Scam U.S. Attorney's Office June 22, 2011 Middle District of Tennessee (615) 736-5151 Terry Marvin Miller, 58, of Brentwood, Tennessee, the former owner and operator of Account Management, Inc., a Brentwood collection agency, was ind...
Former Citigroup Vice President Charged with Bank Fraud for Embezzling More Than $19 Million U.S. Attorney's Office June 27, 2011 Gary Foster, a former vice president in Citigroup, Inc.'s treasury finance department has been arrested on bank fraud charges arising from his embezzlement of more tha...