California Real Estate Fraud Report

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Crisp & Cole Defendant David Crisp Gets 17+ Years in Prison

David Crisp, the figurehead in the largest mortgage fraud conspiracy in Bakersfield’s history, has been sentenced to 17 1/2 years in federal prison. He had pleaded guilty in December 2013 to conspiracy to commit mail, wire and bank fraud.

Just prior to sentencing Crisp, the judge called him a “fiscal predator.” The judge did show mercy to Crisp’s wife, Jennifer Crisp, who despite admitting to mail fraud and wire fraud, received only five years probation because the judge didn’t want their 10 year-old son to have both parents in prison.

David Crisp‘s business partner, Carl Cole, also received the same sentence in February and most of the defendants, who were relatives and employees, have been sentenced.

The only defendant to have not accepted a plea deal is Julie Farmer, who is awaiting trial. She began her career as Crisp & Cole’s bookkeeper and eventually became the operations manager.

Read the full article on Bakersfield Now.

A synopsis of all the players in this case can be found by clicking on this link of an earlier article on Bakersfield Now.

© 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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