Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 1 of 16

UN ITED STA TES DISTR IC T C O U RT

SO U TH ER N DISTR IC T O F FLO R IDA

'

CASENO. 1 6 - 1 0 0 3 9
18U.S.C.j1349
18U.S.C.j1344
18U.S.C.j1014
26U.S.C.j7212(a)
18U.S.C.j2
18U.S.C.j982(a)(2)(A)

'? k. :

.j
#

. .
,

1MCAT-TI-E.
X
FILED by

D.C.

02T 112216
UN ITED STATES O F A M ER ICA

STFVEN M .LARIZIORE
CLERK L1S.()IS I.CT
S.D.qfi7LA.- &11
/A21

V S.

D AV ID W .SCH W AR Z,
D efendant.
/
IND IC TM EN T

The Grand Jury charges that:

G EN ER AL ALLE G A TIO N S

Atalltim esm aterialto this Indictm ent'

.
From in or around N ovem ber 2004,through in or around July 2008,Cay Clubs

ResortsandM arinasanditsaffiliatedentities(collectivelyfayClubs'')sold condominium units

in purported luxury resorts in Florida and elsewhere,including in the Florida Keys. D efendant
D AV ID W .SC H W A R Z w as the V ice Presidentand Chief FinancialO fficer of Cay Clubs and
had authority overits use offunds.

D ave Clark w asthe Presidentand ChiefExecutiveO ftk erofCay Clubsand resided

in Tavernier,Florida.

'

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 2 of 16

3.

Cay Clubs w as com prised of num erous entities and conducted business at 94500

Overseas Hw y., Key Largo, Florida, am ong other places. Dave Clark and DA V ID W .

SCH W AR Z w erethe ownersofCay Clubs. Clark owned a tw o-thirdsinterestand SC H W A R Z

ow ned a one-third interestin Cay Clubs.

4.

Cay Clubs had num erous bank accounts thatcorresponded to its various entities.

OneoftheCayClubsentities,CristalClearManagement,LLC (&&CCM ''),wasaFloridalimited

liability company with abarlk accountatBank ofAmerica (''BofA'')in Key Largo,ending in
x2969. This account w as used to fund m ost of the operations of Cay Clubs. D A V ID W .

SCH W A R Z w as listed asa M em ber/M anagerand w asa signatory ofthisaccount.

5.

JpM organ Chase Barlk,N.A.(GtJP M organ Chase'')and Fifth Third Bank,N.A.

(Fifth Third'')were tinancialinstitutions with offices in Florida and elsewhere,and whose

accountsanddepositswereinsuredbytheFederalDepositInsuranceCorporation(tFDIC'').
The tenn ''closing''referred to the legaleventatwhich the transferofan interestin

real estate from seller to buyer fonnally took place,as w ell as the point at w hich funds w ere
supposed to be transferred betw een the variousparties,such asfrom the lending institution to the
buyerorto the selleron the buyer'sbehalf.
Thetenn tm ortgage''w asused in therealestateindustry to referto a loan to finance

the purchase ofrealestate,usually w ith specitied paym entperiodsand interestrates,in w hich the
borrower/m ortgagorgave the lender/m ortgagee a lien on the property ascollateralforthe loan.

8.

A HUD-I Settlement Statement (CCHUD-I Statemenf') was a standard form

required to be executed for the closing of all real estate transactions. The HU D -I Statem ent
item ized allaspeds ofthe closing for the lender,including any paym ents m ade by the borrow er,
m oney due to the seller,and any feespaid to third parties in connection w ith the closing.

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 3 of 16

9.

tf ash to close''referred to the m onetary obligationsto bem etby the buyerin order

fora closing on aparticularrealestate transaction to be com pleted.

The tenn straw buyer''referred to a borrow er w ho, for a fee or other benefit,
allow ed theiridentity and creditto be used to obtain a m ortgage loan.

11.

ThelnternalRevenueService(ttlRS'')wasanagencyoftheU.S.Departmentofthe

Treasury responsible forenforcing and adm inistering the tax law s ofthe U nited States.
12.

lRS Fonn 1065 w as an infonnation return thatw as used to reportincom e,gains,

losses,deductions,and credits,forcertain typesofentities,including partnerships. A partnership

did notpay tax on its incom e butfpassed through''any profits or lossesto its partners. Partners
were required to include partnership item son theirtax orinform ation retum s on Schedule K -1.
13.

IR S Form W -2 was used to reportw ages,tips,and other com pensation paid to an

em ployee,asw ellasthe em ployee's incom e and socialsecurity taxesw ithheld.

14.

1RS Form 1099-M ISC w as used to reportpaym ents m ade in the course of a trade

orbusinessto aperson who isnotan em ployee orto an unincorporated business.

Begirm ing in N ovem ber 2004 and continuing through atleastJune 2007,DA V ID
W .SCH W A R Z caused a series offundstransfers to and from Cay Clubs accounts in K ey Largo,
Florida,and elsew here,forthe benefitofhim selfand D ave Clark.
CO UN T 1
Conspiracy to Com m it Bank Fraud

(18U.S.C.j1349)
Paragraphs 1 through 15 ofthe G eneralAllegations section of this lndictm entare

re-alleged and incorporated herein by reference.

Beginning in oraround N ovem ber 2004,and continuing untilatleastin oraround
M ay 2011,in M onroe County,in the Southern D istrictofFlorida,and elsew here,the defendant,
3

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 4 of 16

D A VID W .SCH W AR Z ,

didwillfully,thatis,withtheintenttofurthertheobjcctoftheconspiracy,andknowinglycombine,
conspire,confederate,and agree w ith D ave C lark and others know n and unknown to the Grand
Jury to com m itan offense againstthe United States, thatis,to know ingly,and w ith the intentto
defraud,execute and cause the execution of a schem e and artifice to obtain any ofthe m oneys,
funds,credits,assets,securities,and otherproperty ow ned by, and under the custody and control
of,one or m ore financial institutions,including JP M organ Chase and Fifth Third, by m eans of

falseand fraudulentpretenses,representations,andprom isesrelatingtoam aterialfact,in violation

ofTitle 18,United StatesCode,Sedion 1344(2).

PU R PO SE O F TH E C O N SPIR AC Y
lt w as a purpose of the conspiracy for the defendant and his conspirators to
unlaw fully em ich them selvesby m isleading and defrauding lending institutions, by(a)usingstraw

borrowersto purchase condominium units in investmentproperties;(b)submitting false and

fraudulent loan applications and related docum ents to lending institutions, containing

representationsthatthecashtodosesuchloanswasbeingprovidedbytheborrower;(c)usingthe
proceedsofthesefraudulentlyobtainedloansto operatetheCay Clubsbusinessandm akeitappear
that the business was engaged in legitim ate condom inium sales'
,(
d)divertingfraud proceedsfor
theirpersonaluse and benefit,and to further the fraud schem e'
,a
nd (e)concealing thereceiptof
fraud proceedsby the conspiratorsby notreporting these proceedson relevanttax docum entsand
notfiling tax returns.
M AN N ER AN D M EA N S O F TH E C O N SPIR A CY

The m anner and m eansby w hich the defendantand hisconspirators soughtto accom plish

theobjectandpurposeoftheconspiracyincluded,amongothers,thefollowing:

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 5 of 16

4.

D A VID W . SC H W A R Z and Dave Clark w ould operate num erous corporate

entities using the nam e ffcay Clubs,'' and w ould create bank accounts for each entity.
SCH W A R Z and certain subordinates ofClark w ould be listed as signatories or accountholders
on bank accounts,and w ould keep Clark's nam e offofbank accounts.
5.

ln order to profit from the operation of Cay Clubs,m ake Cay Clubs appear to be

successfulto outsiders,and to paythefinancialobligationsofCay Clubs,D AV ID W .SC H W A R Z

and Dave Clark would orchestrate the sale ofcondom inium s units that Cay Clubs controlled,to
certain em ployeesofCay Clubs and fam ily m em bers ofClark.
6.

D ave Clark w ould identify insiders and fam ily m em bers,such as lndividual//1,

Individual#2,lndividual//3 and lndividual#4,to actas straw bolw wers forloans thatw ere used
to purchase or refinance condom inium units. Clark and D AV ID W .SC H W AR Z,and persons
acting attheirdirection,prepared and caused to be prepared false and fraudulentloan applications
and related docum ents,w hich included false inform ation related to cash to close thatw ould be
provided by the borrow ers in order to secure the m ortgage loan. The loan applications and

associated papenvork w ould also include false claim sofem ploym ent,w ages,assetsand liabilities
for the nam ed borrow ers. These false and fraudulent loan applications and docum ents w ere
subm itted to financialinstitutions such as JP M organ Chase and Fifth Third,and to other lenders,
including Countrywide H om e Loans,lnc.
D ave Clark and other conspirators prepared and caused to be prepared false and
fraudulent loan applications and H U D -I Statem ents which, am ong other things, falsely and
fraudulently represented to the m ortgage lenders that the straw borrow ers had m et their down

paym entand cash to close obligations,when,in fact,these paym ents w ere m ade by D AV ID W .
SCH W A R Z and Clark using funds from Cay Clubs accounts. For m any of the fraudulently

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 6 of 16

obtained loans,SC H W A R Z w ould w ire the cash to close funds from the CCM accountdirectly
to the closing agent.
To supportcertain ofthe false and fraudulentloan applicationsprovided to lenders,

personsacting atthe direction ofDave Clark w ould execute false and fraudulentdocum entsatthe

CayClubsofticesinKeyLargo,including(a)signingloandocumentsinthenamesofborrowers
using false signatures;(b)affixing false notarizations to loan documents thatcontained false
signatures,falselyattestingthatthenamedborrowerssignedandreviewedtheloandocuments'
,(c)
subm itting and executing false supporting docum entation including false lease agreem ents;and

(d)submittingfalsetaxreturnsandpaystubsthatcontainedfalseincomeinfonnation.
9.

Based on the false and fraudulent loan applications and H U D -I Statem ents,the

proceeds of the fraudulently obtained m ortgage loans w ere deposited into Cay Clubs accounts
controlled by DA VID W . SC H W A R Z and D ave Clark,including the CCM account. These
funds w ere thereafteravailable forthe personaluse and benefitofSCH W A R Z and Clark,and to
furtherthe fraud.

Forloansobtained in thenam esofstraw borrow ers,theborrowerslisted on theloan

applications did not m ake the m ortgage paym ents. lnstead, for a period of tim e after the
transactions closed, Dave Clark and D AV ID W . SC H W A R Z caused the m onthly m ortgage

paym ents for these loans to be paid from accounts that w ere funded via the CCM account.
Subsequently, the conspirators stopped m aking the paym ents and the m ortgages w ent into
foreclosure,resulting in substantiallossesto the lenders.
D uring the schem e,D A V ID W .SC H W A R Z and D ave Clark agreed to distribute

the proceeds from the operation ofCay Clubs am ong them selves,w ith tw o-thirds ofallproceeds
paid to Clark and one-third of a11 proceeds to SCH W A RZ . Pursuant to their agreem ent,

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 7 of 16

w henever Clark obtained an am ountofproceeds, SCHW ARZ wasentitled to receive one-halfof

thatam ount. Forexam ple, each tim e a cash to close wire w aspaid from the CCM accountfora

m ortgageloan obtained in thename ofastraw borrowerforClark'sbenefit, SC H W A R Z w ould

be entitled to take one halfofthis am ountfrom the CCM accountfor him self. A s ofM arch 26,
2007,Clark and SC H W A R Z,based on theirown accounting, obtained more than $28m illion in
proceeds from Cay Clubs,including salary paym ents, paym entsto third parties including forcash

to close forcondom inium unitpurchases,cash transfers, and creditcard paym ents.

DAVID W .SCH W ARZ and Dave Clark engaged in a seriesofactsdesigned to

concealtheirreceiptofproceedsfl-om C ay Clubs, including:(a)payingClark'ssalarytolndividual

//1,
.(b)failingtoissueanyW -2orl099-M lSC toClark reflectinghissalarypayments;(c)failing
to issue a Schedule K -1 to SCH W AR Z and Clark forany ofthe proceeds and distributions forany
of the Cay Clubs entities during the operation of Cay Clubs, including for the cash to close

paymentsforcondominium unitpurchases'
,(d)failing to fileForm 1065partnership tax retul'
ns
fortheCay Clubsentitiesforthetax yearsCayClubsoperated;(e)failingto fileany individual
tax return for Clark forthe tax years Cay Clubs operated, and failing to file an individualreturn

forSCHW ARZ fortaxyear2004;(9 filingfalseindividualtaxreturnsfortaxyears2005through

2007 forSC H W A RZ ,thatsubstantially underreported hisincom e and failed to reportm illionsof

dollarsofdistributionsandpaymentstoSCHW ARZ;and(g)making falsestatementsto others,

including duling sw ol'n testim ony to the U .S.Securities and Exchange Com m ission, as to their
incom e and distributions from Cay Clubs, asa m eansofconcealing theirrole in the fraud.
A 1lin violation ofTitle 18,United StatesCode, Section 1349.

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 8 of 16

C O U NT S 2-4
Bank Fraud

(18U.S.C.j1344)
Paragraphs 1 tluough 15 ofthe G eneralAllegations section ofthis lndictm ent are
re-alleged and incorporated herein by reference.

Beginning in oraround November2004,and continuing untilatleastin oraround

M ay 20ll,in M onroe County,in the Southern DistdctofFlorida,and elsew here,the defendant,
D AV ID W .SC H W A R Z,
did know ingly and w ith the intent to defraud,execute, and attem pt to execute, and cause the
execution of,a schem e and artifice to obtain any ofthe m oneys,funds,credits,assets,securities,

or other property ow ned by, and under the custody and control of, one or m ore tinancial
institutions, including JP M organ Chase and Fifth Third, by m eans of false and fraudulent
pretenses,representations,and prom isesl-elating to am aterialfact,in violation ofTitle 18,United

StatesCode,Sections1344(2)and2.
PU R PO SE O F TH E SC H EM E AN D AR TIFIC E

ltwasa purpose ofthe schem e to defraud forthe defendantand his accom plicesto

unlawfully emich themselvesby (a)using straw borrowersto purchase condominium unitsin

investmentproperties;(b)submittingfalseandfraudulentloanapplicationsandrelateddocuments
to lending institutions,containing representations that the cash to close such loans w as being

providedbytheborrower;(c)usingtheproceedsofthesefraudulently obtained loansto operate

the Cay Clubs business and m ake it appear that the business w as engaged in legitim ate

condominium sales;(d)divertingfraudproceedsfortheirpersonaluseandbenefit,andtofurther

the fraud scheme;and (e)concealing the receiptof fraud proceeds by the defendantand his
accomplicesby notreporting theseproceedsonrelevanttax docum entsand notfilingtax returns.

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 9 of 16

TH E SCH EM E A ND A R TIFIC E
4.

The M anner and M eans section of Count 1 of this Indictm ent is re-alleged and

incop orated by reference as though fully set forth herein as a description of the schem e and
artitice.
EX E CU TIO N O F TH E SC H EM E AN D A RTIFIC E

On or aboutthe dates specified as to each countbelow ,in M onroe County,in the

Southem DistrictofFlorida,and elsew here,the defendantdid execute,and cause the execution of,
the aforesaid schem e and artifice to defraud,asm ore particularly described below :

10/26/2006 W ire transfer of $162,070.20 for cash to close for loan from JP
M organ Chase of $646,757 in the nam e of lndividual #1, for 19
Som brero Blvd.,U nit426,M arathon,FL

10/27/2006 W ire transfer of $235,258.45 for cash to close for loan from JP
M organ Chase in am ountof$565,912 in the nam esoflndividual//2
and Individual#3 for 19 Som brero Blvd.,Unit432,M arathon,FL

l1/15/2006 W iretransferof$30,214.58forcashto closeforloan from JP M organ

Chaseof$455,590in thenam eoflndividual//2 and lndividual//3 for
4200 S.V alley V iew Blvd.,Unit30226 ,LasV egas,N V

InviolationofTitle 18,UnitedStatesCode,Sedions1344(2)and2.
C O U NT S 5-7
False Statem entln C onnection W ith Federally Insured Loan

(18U.S.C.j1014)
Paragraphs 1 through 15 ofthe GeneralA llegations section ofthis lndictm entare

re-alleged and incom orated herein by reference.

O n or aboutthe dates setforth as to each countbelow ,in M om '
oe County,in the
Southern DistrictofFlorida,and elsewhere,the defendant,
D A VID W .SC H W AR Z,

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 10 of 16

did know ingly and w illfully m ake false statem ents in connection w ith a loan application and loan,
to a financialinstitution,thatis,JP M organ Chase, the accountsand depositsofwhich wereinsured

by theFD IC,which statem entsthe defendantknew to befalse, and w hich statem entsthe defendant
m ade w ith the intentto influence the action of JP M organ Chase upon an application for a loan

and aloan,asspecifiedbelow by count:

10/26/2006 Execution ofm ortgage loan application representing thatthe cash to

closeanddownpaymentforaloan in am ountof$646,757 inthename

ofIndividual#1,for 19 Som brero Blvd., Unit426,M arathon,FL,w as
from the borrow er.
6

10/26/2006 Execution of m ortgage loan application representing thatthe cash to

closeanddownpaymentforaloan inam ountof$565,912in thenam e

ofIndividual//3 for l9 Som brero Blvd., Unit432,M arathon,FL,w as
from the borrow er.
11/13/2006 Execution ofm ortgage loan application representing thatthe cash to

close and down paymentfor a loan in am ount of $455,590 in the

nam es of lndividual//2 and lndividual #3,for 4200 S. V alley V iew
Blvd.,Unit3022G ,Las V egas,N V , wasfrom the borrowers.
ln violation ofTitle 18,U nited States Code, Sections 1014 and 2.
CO U N T 8
lnterference w ith the A dm inistration oflnternalR evenue L aw s

(26U.S.C.j7212(a))
Paragraphs l through 15 of the G eneralA llegations and the M anner and M eans
section ofCount 1ofthis Indictm entare re-alleged and incom orated herein by reference.

2.

Begilming in oraround November2004,and continuing untilon oraboutAugust

12,2011,in M onroe County, in the Southern DistrictofFlorida, and elsewhere,the defendant,

DA V ID W .SCH W A R Z,
10

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 11 of 16

did corruptly endeavorto obstnzctand im pede the due adm inistration oftheintem alrevenue law s
by,am ong otherthings'
.
C O R RU PT EN D EA VO R S

On oraboutAugust27,2004,DA VID W .SC H W A R Z executed a signature card

asM em ber/M anagerof CCM ,forBofA accountending in x2969,in K ey Largo,Flodda.
In or around April 2006,D AV ID W . SCH W A R Z subm itted and caused to be
subm itted to the 1R S a Form W -2 pup orting to show w ages paid to lndividual#1 for tax year
2005,thatprevented the 1R S from being aw are that Dave Clark received w ages during that tax
year.

On or about June 2, 2006, DA V ID W . SCH W A R Z caused a w ire transfer of

$389,350.79 from the CCM account at BofA ending in x2969, for the cash to close for
condom inium purchase forhim selfand fam ily m em bers.
d.

On or about June 8, 2006, DA VID W . SCH W AR Z caused a w ire transfer of

$25,000 from theCCM accountatBofA ending in x2969,to betransm itted to afamily member.
O n oraboutO ctober26,2006,D A VID W .SC H W A R Z caused a w ire transferof

$162,070.20 from theCCM accountatBofA ending in x2969,forthebenefitofDave Clark.

On oraboutO ctober 27,2006,D A VID W .SC H W A R Z caused a w ire transferof

$235,258.45from theCCM accountatBofA ending in x2969,forthebenetitofDaveClark.

On oraboutOctober 27,2006,D A VID W .SC H W A R Z caused a w ire transfer of

$235,249.95 from the CCM accountatBofA ending in x2969,forthebenefitofDaveClark.

On oraboutO ctober 30,2006,D A VID W .SC H W A R Z caused a w ire transferof

$149,941.23 from the CCM alxountatBofA ending in x2969,to be transferred to Orion Bank
accountending in x2402 in M onroe County,forthe benefitofD ave C lark.

11

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 12 of 16

On oraboutN ovem ber 15,2006,D AV ID W .SCH W A R Z caused a w ire transfer

of$30,214.58 from the CCM accountatBofA ending in x2969, forthe benefitofD ave Clark.
On or aboutM arch 26,2007,D A V ID W .SC H W A R Z transm itted via e-m ailto

D ave Clark,a docum ent entitled ttequity/draw /loan account analysis as of 12/31/0655show ing
distributions and transfers of Cay Clubs proceeds to SC H W A R Z and Dave Clark betw een
N ovem ber 1, 2004 through Decem ber 31, 2006, which distributions and transfers were not
reported on IRS Form 1065,Schedule K -1,Fonn W -2 orFonn 1099-M ISC , forany ofthe relevant
tax years.

k.

In or around April 2007,D A VID W . SC H W A R Z subm itted and caused to be

subm itted to the IRS a Fonn W -2 purporting to show w ages paid to Individual//1 fortax year

2006,thatprevented the lRS from being aw are thatDave Clark received wagesduring thattax
year.

ln or around April 2008,D A V ID W . SC H W A R Z subm itted and caused to bc

subm itted to the lRS a Form W -2 purporting to show w ages paid to lndividual //1 for tax year

2007,thatprevented the lRS from being aw are thatDave Clark received wagesduring thattax
year.

m.

On oraboutJuly 15,2010,D A VID W .SCH W AR Z filed a U .S.lndividualIncom e

Tax Return on Fol'm 1040 for tax year 2005, thatfalsely reported adjusted gross income of

$272,195,substantially underreportedhisincom e, and failed to reportany pass-through incom e or

distributions from the Cay Clubs entities.
On oraboutJuly 15,2010,D A VID W .SCH W AR Z tiled a U .S.Individuallncom e

Tax Return on Form 1040 fortax year2006,thatfalsely reported adjusted gross income of
$547,897,substantiallyunderreported hisincom e,and failed to reportanypass-through incom eor
distributionsfrom the Cay Clubsentities.

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 13 of 16

On oraboutAugust12,2011,DAVID W .SCH W ARZ filed a U .S.lndividual

lncomeTax Return on Form 1040fol'tax year2007,thatfalsely reported adjustedgrossincome

of$214,726,substantially underreported hisincom e,and failed toreportanypass-tH ough incom e
ordistributions from the Cay Clubsentities.
In violation of Title 26,United States Code, Section 7212(a)and Title 18,United States
Code,Section 2.
FO RFEITUR E

(18U.S.C.j982(a)(2)(A))
The G eneralA llegations section,and the allegationsofCounts 1through 7 ofthis

Indictm ent are re-alleged and incorporated herein by reference for the purpose of alleging
forfeiture to the U nited States of Am erica, of property in which defendant D A VID W .
SC H W AR Z has an interest.

U pon convid ion of any of the offenses alleged in Counts 1 through 7 of this
lndictm entD A VID W .SC H W A R Z shallforfeitto the United States any property constituting or
derived from proceedsthe defendantobtained directly orindirectly astheresultofsuch offense or
a conspiracy to com m itsuch offense.

Thepropertysubjecttoforfeiture,upon conviction ofany oftheoffensescharged

in thislndidm ent,shallinclude,butisnotlim ited to a sum ofm oney equalin value to the proceeds

traceabletotheoffensets).
4.

Pursuantto Title21,UnitedStatesCode,Section 8531),madeapplicablethrough

Title 28,U nited States Code,Section 2461 and through Title l8, United States Code, Section

982(b),ifany property described aboveasbeing subjectto forfeiture,asaresultofany actor

om ission ofthe defendant:cannotbe located upon due diligence'
d to,or
, hasbeen transferred,sol

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 14 of 16

depositedwithathirdparty;hasbeenplacedbeyondthejurisdictionoftheCourt;has been substantially dim inished in value; or,has been com m ingled w ith other property w hich cam zot be

subdivided w ithoutdifficulty;it is the intentof the United States to seek the forfeiture of other
property ofthe defendantup to the value ofthe above-described forfeitable property.

Al1pursuanttoTitle18,UnitedStatesCode,Section982(a)(2)(A),andtheproceduresset
forth in Title 21,U nited States Code,Section 853.

A TRU E BILL

FO REPERSON

IJ

t
N

W IFR EDO A .FERR ER

UN ITED STATES ATTO RN EY

JE
B D UFFY
A S STA N T UN ITED STATES ATTO RN EY

UNITED STATES DISTRICT COURT

Case 4:16-cr-10039-KMM Document

2 Entered
SOUTHERN
DISTRICTon
O FFLSD
FLORIDADocket 10/12/2016 Page 15 of 16
UNITED STATES O FAM ERICA

CASE NO.

VS.

CERTIFICATE OF TRIALAU O RNEY*

DAVID W .SCHW ARZ,

Defendant.

/
CourtDivision:(sel
ectone)
M iami X
FTL

SupersedingCase lnform ation:

New Defendantts)
Key W est
W PB

Yes

Num berofNew Defendants

Totalnum berofcounts

No

FTP

Idoherebycertifythat:
lhave carefully considered the allegations ofthe indictm ent, the numberofdefendants,the numberof

probablewitnessesandthe Iegalcom plexitiesofthe Indictment/lnformation attached hereto.

lam awarethattheinformation supplied onthisstatementw illbe relied uponbytheJudgesofthisCourtin

s
Settingtheircalendarsandschedulingcrim inaltrialsunderthem andateoftheSpeedyTrialAct,Title 28 U.S.C.
ection 3161.

Interpreter: (YesorNo)
ListIanguageand/ordialect

No

Thiscase w illtake 20 daysforthe partiesto try.

Please checkappropriatecategoryand type ofoffenseIisted below :

(Checkonlyone)

(checkonlyone)

I
11
III
I
V
V:

0to5 days
6 to 10 days
llto 20 days
21 to 60 days
61daysandover

6.

HasthiscasebeenpreviouslyfiledinthisDistrictCourt? (YesorNo)

Ifyes:
Judge:

Petty
M inor
M isdem .
Felony

(Attachcopyofdispositive order)
Hasacomplaintbeenfiledinthismatter?
Ifyes:
M agistrate Case No.
Related M iscellaneousnum bers:

Defendantts)infederalcustodyasof
Defendantls)instatecustodyasof
Rule 20 from the

Isthisapotentialdeath penaltycase?(YesorNo)

No

CaseNo.

(YesorNo)

No
'

Dlstrlcto

No

Doesthi
scase originatefrom a m atterpending inthe Northern Region ofthe U.S.Attorney'sOffice priorto
October14,2003?
Yes
X
No
8.

Doesthiscase originate from a m atterpending in the CentralRegion ofthe U.S.Attorney's Office priorto
Septem ber1,2007?
Yes
X
No

JER B U FF
ASSI T T UNITED STATES AU ORNEY
Cour o.A5501106

*penaltySheetls)attached

REV4/8/08

Case 4:16-cr-10039-KMM Document 2 Entered on FLSD Docket 10/12/2016 Page 16 of 16

UN ITED STA TES DISTRIC T C O U RT

SO U TH ERN D ISTR ICT O F FLO RID A
PEN ALTY SHEET
D efendant's N am e:D AV ID W .SCHW AR Z
Case N o:

Count#:1
Conspiracv to Colnm itBank Fraud
Title 18.United StatesC ode.Section 1349

*M ax.Penalty:Thirty (30)years'imprisonment
Counts#:2-4

Bank Fraud
Title l8.U nited States Codes Section l344

*M ax.Penalty:Thirty(30)years'imprisonmentastoeach count
Counts#:5-7

False Statem entIn Connection W ith Federally Insured Loan

Title l8,United StatesCode,Section 1014

*M ax.Penalty:Thirty(30)years'imprisomnentastoeachcount
Count#:8

Interference w ith the A dm inistration oflntem alRevenue Law s

Title26.UnitedStatesCode,Section 7212(a)
*M ax.Penalty:Thre(3)ypjtrs'ipprisonment

*Refers only to possible term ofincarceration,doesnotinclude possible fines, restitution,

specialassessm ents,parole term s,or forfeituresthatm ay be applicable.