David Saks

By
Education & Training - (retired) - 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

2012 

Real Estate Developer Sentenced for Lying to Obtain Financing Harold Rosen, 81, Clayton, Illinois, a real estate developer, was sentenced in US District Court to four years in federal prison on April 20, 2012. Specifically, the defendant was sentenced to 48 months imprisonment, $700 special asses...
05/02/2012
Real Estate Investors Admit Bid Rigging at Foreclosure Auctions Lydia Fong and Matthew Worthing, both of San Francisco, California, have agreed to plead guilty to their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in northern California. The f...
05/02/2012
6 Defendants Sentenced for Fraud Involving HELOCs Otis Bernard Livingston, 44, Gulfport, Mississippi; and Dionne Michelle Whitted, 37, Castle Hayne, North Carolina, the ringleaders of a mortgage fraud scam, were sentenced after three days of hearings. United States District Judge William S. Duffe...
05/02/2012
Former Bank CEO Admits Role in Straw Buyer Scam Reginald R. Harper, 58, Hammond, Louisiana, pled guilty to one count of conspiracy to commit bank fraud before U. S. District Judge Nannette Jolivette Brown. According to court documents, in approximately 2004, Harper, the former President and Chief...
05/02/2012
Indictment Handed Down in Equity Stripping Scam Tonii Carlos Greene, 52, Eagan, Minnesota, has been indicted for participating in a $3 million mortgage fraud scheme premised on the purchase of rundown houses to be rehabilitated and then sold. Instead, however, the equity was stripped from the hom...
05/02/2012
2 Loan Officers Indicted for Straw Buyer Scheme Troy Allen Huston, 42, and Chad Arthur Anderson, 38, both of Chisago City, Minnesota, two mortgage loan officers, have been charged with recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds am...
05/02/2012
Real Estate Agent and Developer Convicted of Fraud Nadin Samnang, 29, Ashburn, Virginia, has been convicted by a federal jury for his role in fraudulent mortgage loan transactions involving at least 25 homes in Northern Virginia and more than $7 million in losses to lenders. Samnang is a District...
05/02/2012
Mortgage Broker Sentenced to Over Three Years in Prison in Fraudulent Mortgage Rescue Scheme Resulting in Losses of Over $1.2 Million to Homeowners in Financial Distress Conspirators Also Obtained Over $4.7 Million in Fraudulent Mortgage Loans U.S. Attorney’s Office May 01, 2012 District of Mary...
05/02/2012
Wolcott Man Who Participated in Scheme to Defraud Webster Bank is Sentenced to Federal Prison U.S. Attorney’s Office May 01, 2012 District of Connecticut (203) 821-3700 Bank Crime, Fraud, New Haven Top Stories, Press Release, White-Collar Crime   David B. Fein, United States Attorney for the Dis...
05/02/2012
Property Flipping Nets Broker 2 Years in Prison Andrew Hill, 34, Dublin, Ohio, was sentenced in U.S. District Court to 24 months in prison for obtaining more than $1.2 million in fraudulent mortgage loans involving investment properties in Portsmouth, Ohio then "flipping" the properties and selli...
05/02/2012
Rainmaker
1,570,074

David Saks

May God Bless You, Always. David
*
*
*
*
Spam prevention

Additional Information