David Saks' Blog

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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 

                                         Twenty Convicted This Week for Defrauding Aflac U.S. Attorney’s Office Southern District of Texas McALLEN, TX—A total of 20 South Texas residents indicted for their roles in a scheme to defraud the American Family Life Assurance Company (Aflac) of millions...
07/29/2011
Modesto Man Indicted for Mortgage Fraud Scheme U.S. Attorney’s Office Eastern District of California FRESNO, CA—United States Attorney Benjamin B. Wagner announced that a federal grand jury returned a two-count indictment today charging Tony Huy Havens, 37, of Modesto, with conspiracy to commit m...
07/29/2011
Bankruptcy Trustee and State Court Receiver Sentenced in $16 Million Wire Fraud Conspiracy U.S. Attorney’s Office Southern District of Florida  Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation...
07/28/2011
Former New Jersey Mortgage Broker Admits Role in Multi-Million-Dollar Mortgage Fraud Scheme U.S. Attorney’s Office District of New Jersey TRENTON, NJ—A former New Jersey mortgage broker admitted today that he participated in a mortgage fraud scheme which defrauded lenders and generated millions o...
07/28/2011
Second New Jersey Man Admits Role in $40.8 Million Mortgage Fraud Scheme U.S. Attorney’s Office District of New Jersey CAMDEN, NJ—A second New Jersey man today admitted to his role in a $40.8 million mortgage fraud conspiracy, serving as a “straw buyer” to cause a lender to release almost $980,00...
07/27/2011
Owner of Northern Virginia Mortgage Rescue Business Arrested U.S. Attorney’s Office Eastern District of Virginia ALEXANDRIA, VA—Howard R. Shmuckler, 67, of Virginia Beach, Va., has been charged by a federal grand jury of running a fraudulent mortgage rescue business that received substantial fees...
07/27/2011
Boynton Beach Man Pleads Guilty in Mail Fraud Ponzi Investment Scheme   Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office; and J. Thomas Cardwell, Commissioner, State...
07/27/2011
Title Company Owner Pleads Guilty to Wire Fraud in Scheme to Divert Over $3 Million Intended to Payoff Previous Mortgages U.S. Attorney’s Office District of Maryland BALTIMORE—Michael A. Gmeinwieser, age 38, of Crofton, Maryland, pleaded guilty today to wire fraud in a scheme to divert over $3 mi...
07/27/2011
Romero Minor, 52, Macon, Georgia, was sentenced to nearly six years in prison for his role in a mortgage fraud conspiracy that involved dozens of properties and $7.5 million in loans. Minor pleaded guilty earlier this year to one count of conspiracy to commit wire fraud and several counts of wir...
07/27/2011
Mortgage Broker Charged in $20 Million Mortgage Fraud Scheme Derrick Ivan Lance, 40, Edina, Minnesota, a mortgage broker, was charged for his role in a $20 million mortgage fraud scheme that involved 57 properties. Lance was charged via an Information with one count of conspiracy to commit wire f...
07/27/2011
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David Saks

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