California Real Estate Fraud Report

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11
Feb

Crisp and Cole Real Estate Broker Possible Flight Risk

For a man accused of being part of the largest mortgage fraud scheme in Bakersfield’s history, Carl Cole is flat broke.

Claims by his wife that they are $3 million in debt and that they have only $2,500 in their bank account are part of the reason prosecutors believe Cole is a flight risk and should be detained. He is currently free on two $10,000 bonds.

The California Department of Real Estate (DRE) revoked Carl Cole’s real estate broker’s license in 2008. You can read numerous postings about Carl Cole, David Crisp and their real estate firm Crisp and Cole in the California Real Estate Fraud Report.

Read the full article in the Bakersfield Californian.

© Copyright 2007-2017 Monique Bryher

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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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