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 !



Maryland Woman Sentenced to One Year in Prison for Her Role in Extensive Mortgage Fraud Scheme Defendant Submitted Fraudulent Information to Obtain Loans U.S. Attorney’s Office February 29, 2012 District of Columbia (202) 514-7566   Fraud, Mortgage Fraud, Press Release   WASHINGTON—Rasheeda M. C...
Chesapeake Man Pleads Guilty to Mortgage Fraud Scheme U.S. Attorney’s Office February 28, 2012 Eastern District of Virginia (757) 441-6331   Mortgage Fraud, Norfolk Top Stories, Press Release   NORFOLK, VA—Ray D. Gata, 56, of Chesapeake, Va., pleaded guilty today in Norfolk federal court to cons...
Foreclosure Rescue Scammers Ordered to Pay $469,500 Property Solutions of N.J., PSRE Holding Company, Edward Toledo and Raymond Vega were found liable to the tune of $469,500 for their roles in deceiving struggling homeowners through a variety of mortgage foreclosure "rescue" practices.   The def...
Developer Admits Submitting False Documents to Lenders Tyler Fitzsimons, 33, appeared before U.S. District Judge Michael R. Hogan on Tuesday, February 21, 2012, and pleaded guilty to a variety of mortgage and loan fraud charges arising out of the collapse of his company, Desert Sun Development (D...
Fraudster Admits Lying About his Income to Obtain Loans Thomas E. Green, 57, Ocean City, Maryland, pled guilty to fraudulently securing nearly $2.2 million in loans to purchase five properties in Cape Charles, Virginia. Green pled guilty to conspiring to commit wire and bank fraud, which carries ...
Broker Sentenced for Occupancy Misrepresentations Mortgage Doctors, Inc. principal, Dennis Scoby, 42, Clearwater, Florida, was sentenced on February 13, 2012, by U.S. District Judge James D. Whittemore to 2 1/2 years in federal prison for conspiring to commit mortgage fraud. The court also ordere...
Real Estate Investor Admits Rigging Bids at Auctions Wiley C. Chandler, a real estate investor, pleaded guilty in U.S. District Court in Sacramento, California, to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California.   Cha...
Real Estate Agents Charged With Flipping Scheme Leonard Williams, 49, Sacramento, California, and Joshua Clymer, 25, Sacramento, California, are the subjects of a federal grand jury superseding indictment which alleges three counts of conspiring to commit mail fraud, wire fraud and money launderi...
Serial Fraudster Admits Real Estate Fraud Winnie Joanne Barefoot, a/k/a Winnie Jo Budzina, a/k/a Winnie JoAnne Conn, a/k/a Joanne Knopsnyder, a/k/a Olivia JoAnne Morgan, a/k/a Olivia JoAnne Barefoot Morgan, 57, Annapolis, Maryland, pleaded guilty to bank fraud arising from her use of numerous ide...
Reverse Mortgage Scammers Sentenced Kelsey Torrey Hull, 39, Lithonia, Georgia, Jonathan Alred Kimpson, 28, Lithonia, Georgia, James Michael Green, 44, Lilburn, Georgia, Herbert Bush, 31, Atlanta, Georgia, Wilbur "Sonny" Letak, 44, Atlanta, Georgia, and Kevin Claude Barnett, 28, Atlanta, Georgia, ...

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