California Real Estate Fraud Report

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05
Aug

Calif. DRE Concludes Hearing against Bakersfield Realtors Crisp & Cole

In its administrative hearing against Bakersfield Realtors David Crisp and Carl Cole, the common thread in Cole’s testimony was his admission of ethical and possible illegal activities in the office in which he was the designated broker, followed by denials of responsibility for both his and his employees’ actions. 

Cole explained that he was busy on other company business and as such had no time to supervise his employees. This would include himself, as he signed a loan document promising he would live in a home he had just purchased in order to obtain a more favorable interest rate.

For more on the hearing – and finger-pointing, read the Full Article in Bakersfield Now.
 

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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