California Real Estate Fraud Report

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Two more defendants charged in Crisp and Cole fraud

Kevin and Leslie Sluga, reported to be relatives of defrocked Realtor David Crisp, are facing multiple counts of wire fraud and aiding abetting in a fraud case that brought down the powerhouse brokerage of Crisp and Cole in Bakersfield, California.

David Crisp and his partner Carl Cole are being investigated on suspicion that they defrauded mortgage companies and federally insured (FDIC) institutions by submitting fraudulent documents and information that amounted to up to $11 million in loans, all of which later defaulted. While both men have lost their real estate licenses, neither has been charged criminally.

Jerald Texeira admitted to processing fraudulents loans for Crisp and Cole and accepted a plea arrangement in September 2009.

Kevin Sluga, a CPA, was a co-owner of his own business; he and Leslie Sluga are accused of creating false documents. Sluga operated his firm under two different names: California Business Solutions first and then later Comprehensive Business Solutions.

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© 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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