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

2013 

Connecticut Resident Charged with Orchestrating Extensive Mortgage Fraud Scheme U.S. Attorney’s Office January 31, 2013 District of Connecticut (203) 821-3700   NEW HAVEN, CT—Filippos “Filip” Milios, 54, of Newington, Connecticut, was arrested today on a federal criminal complaint charging him w...
01/31/2013
  Four Charged in $15 Million Mortgage Fraud Scheme U.S. Attorney’s Office January 31, 2013 District of New Jersey (973) 645-2888   CAMDEN, NJ—Four individuals from New Jersey were taken into custody today for their alleged roles in a $15 million mortgage fraud scheme on an indictment returned by...
01/31/2013
Steven Hinz Sentenced to Nine Years in Prison, Ordered to Pay More Than $500,000 U.S. Attorney’s Office January 30, 2013 Northern District of Ohio (216) 622-3600   Steven R. Hinz was sentenced to nine years in prison and ordered to pay more than $500,000 in restitution for his role in leading se...
01/31/2013
Changes to Mortgage Insurance Premiums  FHA will increase its annual mortgage insurance premium (MIP) for most new mortgages by 10 basis points or by 0.10 percent.  FHA will increase premiums on jumbo mortgages ($625,500 or larger) by 5 basis points or 0.05 percent, to the maximum authorized annu...
01/30/2013
HUD NEWS U.S. Department of Housing and Urban Development – Shaun Donovan, Secretary Office of Public Affairs, Washington, DC 20410   HUD No. 13-010                                                                                             FOR RELEASE                                             ...
01/30/2013
Real Estate Developer Sentenced to Three Years for Making False Statements U.S. Attorney’s Office January 29, 2013 District of Alaska (907) 271-5071   ANCHORAGE—U.S. Attorney Karen L. Loeffler announced today that an Anchorage man was sentenced in federal court in Anchorage for 12 counts of fals...
01/30/2013
New York Man Sentenced for Cape Cod Property Fraud Scheme U.S. Attorney’s Office January 29, 2013 District of Massachusetts (617) 748-3100   BOSTON—A New York man was sentenced today in connection with a scheme to defraud a Massachusetts man of his Hyannis waterfront property. Michael Howard Clo...
01/30/2013
Former Michigan Supreme Court Justice Diane Marie Hathaway Pleads Guilty to Bank Fraud U.S. Attorney’s Office January 29, 2013 Eastern District of Michigan (313) 226-9100   Diane M. Hathaway, a former Michigan Supreme Court Justice, pleaded guilty today to committing bank fraud in connection wit...
01/29/2013
Former Maryland Loan Officer Pleads Guilty to Mortgage Fraud and Identity Theft U.S. Attorney’s Office January 28, 2013 Eastern District of Virginia (703) 299-3700   ALEXANDRIA, VA—Kenneth H. DiPasquale, 37, of Morgantown, West Virginia, pleaded guilty on January 25, 2013, to conspiracy to commi...
01/29/2013
Former Bank Vice President Sentenced to 10 Years in Prison for Mortgage Fraud Scheme Loan Fraud Scheme Cripples Community Bank with More Than $10 Million in Losses U.S. Attorney’s Office January 28, 2013 Western District of Washington (206) 553-7970   A former senior vice president and loan offi...
01/29/2013
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David Saks

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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.
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