MENU

      David, Jennifer Crisp plead guilty in real estate fraud case

      FRESNO, Calif. (KBAK/KBFX) The second primary defendant in the Crisp & Cole Associates real estate fraud case entered a guilty plea Monday to conspiracy to commit mail, wire and bank fraud.

      Fifty-five other federal counts were dismissed against former Bakersfield real estate mogul David Crisp as part of his deal with prosecutors.

      David Crisp plea agreement {>}{>}

      Wife Jennifer Crisp also pleaded guilty Monday in a Fresno courtroom, part of joint deal. She admitted guilt to mail and wire fraud.

      Jennifer Crisp plea agreement {>}{>}

      David Crisp and Carl Cole scammed millions of dollars out of banks and mortgage companies between 2004 and 2007. They submitted fraudulent loan applications with material misrepresentations.

      The long-running case tallied 15 defendants. The only defendant to not plead guilty is former Crisp & Cole Associates bookkeeper and operations manager Julie Farmer. She's scheduled to go to trial in February.

      Cole admitted guilt to conspiracy to commit mail, wire and bank fraud during a federal court hearing last month.

      The Crisps are both scheduled for sentencing in early March. David Crisp faces a maximum of 30 years in prison and a $1 million fine under his agreement. His wife faces a maximum sentence of 20 years in prison and a $250,000 fine.

      component-story-more_media_horiz-v1-01
      FOLLOW US ON TWITTER