California Real Estate Fraud Report

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David Crisp to Enter Guilty Plea Today in U.S. District Court

David Crisp, the 34-year old alleged leader the massive Crisp & Cole mortgage fraud that rocked Bakersfield, has agreed to admit to one felony count of conspiracy to commit mail, wire and bank fraud. Crisp’s plea is scheduled to be entered today before U.S. District Court Judge Lawrence O’Neill and his sentence could be up to 30 years in federal prison along with a $1 million fine.

Crisp’s plea agreement is predicated on a guilty plea by Jennifer Anne Crisp, his wife, to one count each of mail fraud and wire fraud.

Less than two months ago, Crisp’s former business partner, Carl Cole, also pleaded guilty.

The mortgage fraud perpetrated by Crisp, Cole and another dozen or so of their relatives and co-workers cost lender over $20 million.

The sole remaining defendant is Julie Dianne Farmer, the Crisp & Cole’s former operations manager. She faces eight counts of mail fraud; four counts of wire fraud; one count of conspiracy to commit mail, wire and bank fraud; one count of conspiracy to launder money; and one count of bank fraud.

Read the original article in the Bakersfield Californian.


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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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