real estate fraud: Georgia Man Convicted of Running an Investment Scam : Netted Over $7 Million by Promising a Special “High Yield” Return - 08/31/11 08:22 AM
Bremen Man Convicted of Running an Investment Scam Edwards Netted Over $7 Million by Promising a Special “High Yield” Return ROME, GA—A jury in federal district court late this afternoon returned a guilty verdict against JEFFREY WALLACE EDWARDS, 46, of Bremen, Georgia, and his corporation, “Frontier Holdings, Inc.,” on charges of mail and wire fraud and money laundering. United States Attorney Sally Quillian Yates said, “Financial and investment fraud claims victims from all parts of our community. In this case, the jury found that a man from a small town in west Georgia successfully persuaded investors from around the country that … (0 comments)

real estate fraud: Mortgage Fraud Scheme Lands Oklahoma Man in the Slammer for 40 Months - 08/31/11 08:04 AM
Mortgage Fraud Scheme Lands Midwest City Man in Prison for 40 Months OKLAHOMA CITY—Yesterday, DERRICK REUBEN SMITH, 47, of Midwest City, was sentenced by United States District Judge Timothy D. DeGiusti to serve 40 months in federal prison for his role in a conspiracy to commit wire fraud in connection with mortgage loans, announced Sanford C. Coats, United States Attorney for the Western District of Oklahoma. In addition, Judge DeGiusti ordered that Smith serve two years of supervised release following his imprisonment and pay restitution of $369,355.54. Mr. Smith was convicted after a jury trial in April. The evidence showed that … (0 comments)

real estate fraud: Not Real Estate Fraud, But Check It Out Anyway, And Beware ! Very Nasty ! And It Could Happen to YOU ! - 08/31/11 07:55 AM
Two Charged in Identity Theft Scheme     Kenneth C. Osbourne, Jr. and Sheldon Hylton were charged today by indictment, filed on August 25, 2011, with conspiracy to commit bank fraud and aggravated identity theft, bank fraud, aggravated identity theft, and aiding and abetting, announced United States Attorney David Memeger.
Hylton is also charged with wire fraud and possession, with intent to use unlawfully, five or more false identification documents. He was arrested this morning.
The charges stem from the defendants’ participation in an identity theft scheme that resulted in the personal identity information of approximately 86 individuals being compromised.
(2 comments)

real estate fraud: Woman Pleads Guilty to Defrauding Lenders - 08/31/11 04:56 AM
Woman Pleads Guilty to Defrauding Lenders Kathleen Harps, 51, Chesapeake, Virginia, pleaded guilty in Norfolk, Virginia, federal court to conspiring to commit mail and wire fraud in connection with a scheme to fraudulently obtain mortgage loans.            Harps entered a guilty plea before United States Magistrate Judge Tommy E. Miller.  Harps faces a maximum penalty of 20 years in prison and a fine of $250,000 when she is sentenced on November 30, 2011 by United States District Judge Rebecca Beach Smith.
According to court documents, during 2006 Harps operated the New Beginnings Group and engaged in the business of "foreclosure rescue." 
Harps and … (2 comments)

real estate fraud: Man Charged for Running Real Estate Investment Scam - 08/31/11 04:49 AM
Man Charged for Running Real Estate Investment Scam Brian Eads, 47, Zionsville, Indiana, was charged with wire fraud and money laundering, following a several-month investigation by the Internal Revenue Service and Federal Bureau of Investigation. The information alleges that Eads, an entrepreneur, owned a business called First Investment Group that has bought and sold properties since approximately 2000. Eads purchased properties at sheriff’s sales in Indianapolis, then recruited buyers to purchase them.
Eads worked with a loan originator to obtain financing. Eads promoted a no risk real estate investment program—the buyers would not have to pay a down payment, and they … (0 comments)

real estate fraud: Straw Buyer Scam Trio Indicted - 08/31/11 04:22 AM
3 Indicted for Straw Buyer Scam Sean McClendon, 45, West Sacramento, California; Anthony Salcedo, 30, El Dorado Hills, California; and Anthony Williams, 44, Carmichael, California, have been indicted for their roles in a mortgage fraud conspiracy. Williams is also charged with two counts of identity theft. According to the indictment, between December 2005 and September 2006, McClendon and Williams bought four residential properties from Salcedo or his associates using straw buyers. The properties were in Rocklin, Folsom, Sacramento, and El Dorado Hills. Salcedo paid McClendon and Williams a kickback for finding buyers. McClendon was a loan officer and facilitated the loans for each of … (3 comments)

real estate fraud: Man Sentenced for Stealing $300K From Deal He Agreed to Broker - 08/31/11 04:03 AM
Man Sentenced for Stealing $300K From Deal He Agreed to Broker John Pitlick, 44, New Hope, Minnesota, who had been charged with mail fraud, was sentenced on August 26, 2011, by Chief US District Judge Karen E. Schreier to 30 months in prison, three years of supervised release, $300,000 in restitution, and a $100 assessment to the Victim Assistance Fund. Pitlick was indicted for mail fraud by a federal grand jury on September 8, 2010. Starting in April 2007, Pitlick represented that he would broker a loan from one South Dakota farming family to another South Dakota farming family. In reliance upon this representation, his … (0 comments)

real estate fraud: Man Sentenced to More Than 4 Years In Prison for Inflating Mortgages - 08/31/11 03:56 AM
Man Gets 4 Years for Inflating Mortgages Alex Gambini, 44, Greeley, Pennsylvania, the former owner of a financial services firm, was sentenced by Senior U.S. District Court Judge Edwin M. Kosik to spend more than four years in prison for participating in a scheme to fraudulently inflate mortgages during 1999-2002. Gamibini, the former owner of First Advantage Financial Services, was sentenced to 51 months in prison. Gambini previously pleaded guilty to mail fraud as an aider and abettor.
Gambini was indicted by a federal grand jury in October 2008, as a result of an investigation conducted by the Federal Bureau of Investigation (FBI). The … (0 comments)

real estate fraud: Dad Gets 15 Years After Daughter and Son Received 8 for Fraud - 08/30/11 09:07 PM
Dad Gets 15 Years After Daughter and Son Received 8 for Fraud Roy Fluker, Jr., 56, Highland Park, Illinois, was sentenced to 15 years in federal prison, after eight-year prison terms were imposed previously for his son and daughter, in connection with a massive "affinity" fraud scheme in which approximately 2,000 victims were swindled of approximately $10.7 million in losses. Fluker, Jr., who was arrested in Florida where he fled after failing to appear for sentencing last December, received the 15-year term late yesterday from U.S. District Judge Gary Feinerman in Federal Court in Chicago, Illinois.  Fluker, his son, Roy Fluker, III, and … (5 comments)

real estate fraud: Arrests Made for Fraudulent Recording of Full Reconveyances Affecting Over 17 Million Dollars in Home Loans - 08/30/11 08:08 PM
Arrests Made for Fraudulent Recording of Full Reconveyances Stephen Andrew Easterly and Emanuel Percival have been arrested for allegedly signing Trustee and Full Reconveyance and Release of Lien Documents as the "Authorized Representatives" of various banks. On August 25, 2011, Investigators from the the San Bernardino County District Attorney's Office Real Estate Fraud Unit served a Search Warrant at Fidelity Group Realty and Legal Services, Fontana, California.
The search warrant was the result of an ongoing investigation regarding the fraudulent recording of Substitution of Trustee and Full Reconveyance and Release of Lien Documents at the San Bernardino County Recorder's Office. 
These documents … (0 comments)

real estate fraud: Bank Employee Sentenced for Role in Property Theft Scam - 08/30/11 06:50 PM
Bank Employee Sentenced for Role in Property Theft Scam Venedie Roberto Valencia, 27, North Hollywood, California, who worked at Bank of America at the time of the offense, was sentenced to 15 months in federal prison for his role in a mortgage fraud scheme in which the schemers used stolen identities to "purchase" homes that were not for sale. Valencia was sentenced by United States District Court Judge Dale S. Fischer. In addition to the prison term, Judge Fischer ordered Valencia to pay $51,688 in restitution.
Previously in this investigation, two of the Valencia's co-conspirators were convicted and sentenced to prison. … (3 comments)

real estate fraud: Attorney Faces Trial for Breaking Into Foreclosed Home - 08/30/11 06:29 PM
Attorney Faces Trial for Breaking Into Foreclosed Home Michael Theodore Pines, 59, San Diego, California, an attorney, faces trial for attempting to illegally break into a foreclosed Newport Coast home. Pines is charged with one misdemeanor count each of vandalism, second degree burglary, the unauthorized entry of a dwelling, and resisting and obstructing an officer. If convicted, he faces a maximum sentence of one year in jail and up to $10,000 in fines. Opening statements were expected to begin Tuesday, Aug. 30, 2011, at 8:30 a.m. in Department H-3, Harbor Justice Center, Newport Beach.
Co-defendant and former homeowner Rene Hector Zepeda, 72, Newport Beach, California, … (2 comments)

real estate fraud: Page After Page of Disturbing "Links" Involving Recent Real Estate Fraud Cases, Prosecution, The Crimes, Their Victims, and Their Outcome - 08/30/11 12:56 PM
Click the cuffs :

(7 comments)

real estate fraud: Las Vegas Man Pleads Guilty in Connection with Fraud Scheme to Gain Control of Condominium Homeowners’ Associations - 08/30/11 12:50 PM
Las Vegas Man Pleads Guilty in Connection with Fraud Scheme to Gain Control of Condominium Homeowners’ Associations   WASHINGTON—A Las Vegas man pleaded guilty today for his role in a fraud scheme to gain control of condominium homeowners’ associations (HOA) in the Las Vegas area so that the HOAs could direct business to a certain law firm and construction company, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division, Special Agent in Charge Kevin Favreau of the FBI Las Vegas Field Office and Sheriff Doug Gillespie of the Las Vegas Metropolitan Police Department.
Steven Wark, 54, pleaded guilty before … (0 comments)

real estate fraud: Thinking About Filing a Phony Insurance Claim ? Read This First ! - 08/26/11 06:16 AM
Two Sentenced in North Providence Insurance Scam PROVIDENCE, RI—Robert A. Ricci, 50, a contractor and former hearing officer for the Rhode Island Contractor’s Registration and Licensing Board, and Lori A. Sergiacomi, a/k/a Tanya Cruise, 49, a former on-air Providence radio personality were sentenced today in U.S. District Court in Providence for their role in an insurance scam uncovered by the FBI during an unrelated investigation into public corruption in North Providence. Both previously pled guilty as charged, along with two others, with participating in a conspiracy to defraud an insurance company of nearly $50,000. U.S. District Court Chief Judge Mary M. … (0 comments)

real estate fraud: Pennsylvania Man Sentenced to Prison for Mortgage Fraud Scheme - 08/26/11 05:44 AM
Pike County Man Sentenced to Prison for Mortgage Fraud Scheme The United States Attorney’s Office for the Middle District of Pennsylvania, announced that the former owner of a financial services firm was sentenced today by Senior U.S. District Court Judge Edwin M. Kosik to spend more than four years in prison for participating in a scheme to fraudulently inflate mortgages during 1999-2002. According to United States Attorney Peter J. Smith, Alex Gambini, age 44, of Greeley, Pennsylvania, the former owner of First Advantage Financial Services, was sentenced to 51 months in prison. Gambini previously pleaded guilty to mail fraud as an … (2 comments)

real estate fraud: Indianapolis Man Charged with Wire Fraud and Money Laundering - 08/25/11 11:33 AM
Zionsville Man Charged with Wire Fraud and Money Laundering INDIANAPOLIS—Joseph H. Hogsett, United States Attorney, announced today that Brian Eads, 47, Zionsville, Ind., was charged with wire fraud and money laundering, following a several-month investigation by the Internal Revenue Service and Federal Bureau of Investigation. The information alleges that Eads, an entrepreneur, owned a business called First Investment Group that has bought and sold properties since approximately 2000.
Eads purchased properties at sheriff’s sales in Indianapolis, then recruited buyers to purchase them. Eads worked with a loan originator to obtain financing. Eads promoted a no risk real estate investment program—the … (0 comments)

real estate fraud: Federal Grand Jury Indicts Additional Defendants for Role in Conspiracy to Embezzle from City of Garland, Texas - 08/25/11 04:58 AM
Federal Grand Jury Indicts Additional Defendants for Role in Conspiracy to Embezzle from City of Garland, Texas Former City of Garland Employee is Currently Serving a 57-Month Prison Sentence for Her Role in the Conspiracy DALLAS—A federal grand jury in Dallas has indicted three defendants for their role in a conspiracy to embezzle from the City of Garland, Texas, announced U.S. Attorney James T. Jacks of the Northern District of Texas. Kenneth Wayne Brown, 50, of Denison, Texas, and Duane Milford Stailey, 44, and his wife, Sharon Ware Stailey, 45, both of Leonard, Texas, are each charged with one count of … (0 comments)

real estate fraud: Three New Jersey Investors Plead Guilty to Bid Rigging at Municipal Tax Lien Auctions - 08/24/11 10:54 AM
Three New Jersey Investors Plead Guilty to Bid Rigging at Municipal Tax Lien Auctions     WASHINGTON—Three financial investors who purchased municipal tax liens at auctions in New Jersey pleaded guilty today for their roles in a conspiracy to rig bids at tax liens auctions held by municipalities, the Department of Justice announced.
Charges were filed today in U.S. District Court for the District of New Jersey in Newark, N.J., against Isadore H. May of Margate, N.J.; Richard J. Pisciotta Jr. of Long Beach Township, N.J.; and William A. Collins of Medford, N.J.
According to the felony charges, from at least … (4 comments)

real estate fraud: Home Builder Pleads Guilty to Widespread Mortgage Fraud - 08/24/11 05:12 AM
Home Builder Pleads Guilty to Widespread Mortgage Fraud Robert Bruce Keaffaber, 51, Granbury, Texas, a Dallas/Fort Worth Metroplex homebuilder, pleaded guilty to a mortgage fraud scheme in the Eastern District of Texas. Keaffaber pleaded guilty to conspiracy to commit mail fraud on Aug. 17, 2011, before U.S. Magistrate Judge Don D. Bush. 
According to information presented in court, Keaffaber was the owner of Sycamore Custom Homes, a homebuilding business.  As part of the mortgage fraud scheme, he and others caused mortgage loan documents to overstate the amount of the actual purchase price and the amount of loan funds that buyers needed to … (0 comments)

 
David  Saks ((retired)) Rainmaker large

David Saks

Memphis, TN

More about me…

(retired)

Address: Memphis, TN

Email Me

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.The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component. Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component. Please see the Department of Justice Legal Policies at:http://www.justice.gov/legalpoliciesPlease contact David with any questions.
Photos © & Licensed by Nova Development


Listings

Links

Archives

RSS 2.0 Feed for this blog