David Saks' Blog

Follow me
Industry Observer - 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 !



Happy New Year-David-
Norman Man to Serve 40 Months in Prison and Pay $4.3 Million in Restitution in Connection with Edmond Condominium Project U.S. Attorney’s Office December 28, 2011 Western District of Oklahoma (405) 553-8700   OKLAHOMA CITY—DEREK CHRISTOPHER SWANN, 39, of Norman, was sentenced yesterday to serve ...
Pennsylvania Man Sentenced for Identity Theft U.S. Attorney’s Office December 28, 2011 Eastern District of Pennsylvania (215) 861-8200   PHILADELPHIA—Anthony Iacono, Jr., 60, of Rutledge, Pennsylvania, was sentenced today to 81 months in prison for fraudulently obtaining over $2 million in cash ...
Still burning the candle ? Here's one that'll get you through the closing and trash the thoughts of the horned-tailed deal killer, from Artie.
Real Estate Agent Charged for Scam Involving 25 Homes Nadin Samnang, 29, Ashburn, Virgnia, has been with conspiracy and mortgage fraud charges related to his role in alleged fraudulent mortgage loan transactions involving at least 25 homes in northern Virginia and more than $7 million in losses t...
Loan Processor Admits Role in Straw Buyer Scheme Miguel Valerio, 52, Providence, Rhode Island, a mortgage loan processor with National City Mortgage Company, pleaded guilty in U.S. District Court in Providence, R.I., to his participation in a “straw-borrowing” scheme that netted more than $3.5 mi...
Jury Convicts Man of Bribing a Loan Officer Randolph Branham, 45, Destin, Florida, was convicted of conspiracy to commit bank fraud and bribery of a loan officer, following a four-day jury trial. Prior to the trial, four others indicted in the scheme pled guilty, which included attorney Chris Cad...
Mortgage Fraudster Sentenced to 5+ Years in Prison Chad Evans, 37, Brookville, Indiana, was sentenced by U.S. District Judge James Moody to 70 months in federal prison for conspiracy to commit wire fraud, bank and mail fraud, and money laundering for his role in a straw buyer scheme. This term of...
Woman Sentenced for Mortgage, Tax and Food Stamp Fraud Chamethele McKinney, 36, Metro-east, Illinois, was sentenced to 37 months imprisonment in the United States District Court in East St. Louis, for participating in a conspiracy to defraud the United States and evade the payment of federal inco...
Guilty Pleas Entered in Ohio's Largest Mortgage Fraud Case Uri Gofman, Anthony Capuozzo, The Real Asset Fund, Clear Choice Realty and Karka, Inc. pleaded guilty to mortgage fraud crimes covering more than 500 real estate transactions totaling $50 million, involving $44 million in fraudulent loans...

David Saks

Broker / Industry Analyst
Contact The Author

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:
Please contact David with any questions.

Photos © & Licensed by Nova Development