Monday, November 04, 2013

Always right...never wrong...

Former Bakersfield Realtor set to accept plea deal 11/04/2013 03:14 PM11/04/2013 03:20 PM Carl Cole plea agreement (749 KB) BAKERSFIELD, CA -- Former Bakersfield realtor Carl Cole is set to accept a plea deal in Fresno federal court Thursday. Cole tells 17 News he will plead guilty to one count of mail, wire and bank fraud. He says he's not entirely nervous and that his family has been very supportive. "Well I am not afraid of it. Everything happens for a reason, I know that sounds cliché, everything happens for a purpose," Cole told 17 News Monday morning. Cole said with all things in life, you have to take the good and the bad. As part of the deal, Cole will serve at least 8 years in prison plus five years of supervised release. David Crisp, Carl Cole and eight of their family members and associates face federal fraud charges. They were indicted and accused of operating a mortgage fraud scheme that bilked investors out of millions of dollars. As part of his plea, Cole is being asked to forfeit $30 million that the U.S. Attorney's office says is a reasonable reflection of the money he obtained through the scheme. Cole said he plans to use his time in prison wisely. He said he has been doing some research on different prisons and hopes to go to one that offers continuing education. He said he'd like to earn another degree while incarcerated. Cole's son, Caleb, is also set to enter a guilty plea on Thursday. A former Crisp and Cole employee, Jayson Costa, made tentative plans to enter a plea agreement on Thursday as well. A second former employee, Sneha Mohammadi, is set to enter her plea in court Tuesday. Copyright 2013 Nexstar Broadcasting, All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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