Hearing date set for David Crisp, Carl Cole
David Crisp, Carl Cole and three former Crisp, Cole & Associates employees accused of fraud in a state regulatory complaint are scheduled to appear in front of an administrative judge in Bakersfield this summer
A trial to examine the charges in a 25-page complaint filed by the Department of Real Estate last fall has been set to start on July 28 and run for three weeks, according to the Office of Administrative Hearings, the state department that runs such trials. Those named in the complaint, which alleges the group misled lenders in obtaining more than $12 million worth of loans, could be stripped of their real estate licenses.
Officials are looking for an appropriate venue to hold the trial, Pool said. A Bakersfield Masonic Temple is being considered as the trial site, but nothing has been finalized, he said.
As of April 16, more than $70 million worth of loans linked to Crisp, Cole, family members and associates have been foreclosed on or defaulted on, according to an ongoing Californian tally.
Wednesday, April 23, 2008
Posted by Bakersfield Bubble at 7:25 PM