So, Casey is tired about talking about his problems. Now most of us would then decide to do something about our problems. Not Casey, he decides he needs new and bigger problems... err... challenges:
buyingapartmentbuildings.wordpress.com
The first dozen unmoderated replies were interesting enough. Sure to go downhill from here. Not me. I told him to STFU and get back to fixing his old problems. Then I did the thing many of us have been considering. I ratted him out/ The letter I sent to Wordpress immediately afterward:
----
This guy has admitted to multiple frauds and worse in Real Estate scams and now has set up shop on wordpress. I know you aren't "responsible" for content or the actions of your users but we also see everyday how houses are confiscated even though the landlord had no way to know the tenant was running a drug lab.
This is a case of better safe than sorry.
----
New deadpool. How long before "buyingapartmentbuildings" is pulled? I'm guessing 11:00AM Mon Jan 15 (PST).
Update 8:40AM:
Casey "forgot" to turn on moderation so the first 20 comments were hilarious. "Caset's Mom," "Casey's Wife," a whole raft of characters posted. But Casey wiped them and imposed moderation. Glad I saved mine above. I also my next comment awaiting approval:
----
Wow, that took what? A few dozen minutes to see the comments and act to protect your reputation and clean up the mess? In those few minutes a half dozen people clicked over on my name. You sure have developed a following desperate for any solid information as to your situation and latest adventures.
Were that you would act as fast on other more important issues.
----
Anyway, Casey is "surprised" that so many "haters" tracked his actions and got to the site so soon. Gee, the guy gets 3000 hits an hour and has every major law enforcement agency flagging his IP and he's surprised?!?
30 comments:
Yep, it's him.
For the life of me, I cannot muster up an ounce of empathy for this loser.
Whois Record
Registrant:
Buying Apartment Buildings .com
1420 E Roseville Pkwy
Suite 140-331
Roseville, California 95661
United States
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: BUYINGAPARTMENTBUILDINGS.COM
Created on: 14-Jan-07
Expires on: 14-Jan-08
Last Updated on:
Administrative Contact:
Serin, Casey
Buying Apartment Buildings .com
1420 E Roseville Pkwy
Suite 140-331
Roseville, California 95661
United States
9165959632 Fax --
Technical Contact:
Serin, Casey
Buying Apartment Buildings .com
1420 E Roseville Pkwy
Suite 140-331
Roseville, California 95661
United States
9165959632 Fax --
Domain servers in listed order:
NS1.WORDPRESS.COM
NS2.WORDPRESS.COM
NS3.WORDPRESS.COM
Thanks BigDaddy. Beat me to it. At least he used an inexpensive registrar and only for one year.
Right about now somebody at wordpress is googling "Casey Serin" and their eyes are getting wide ad they are calling over the manager and the manager is reading over their sholder....
Did anyone do a screen grab or save an archive of the un-moderated comments?
-jbjbj
Robert,
While I was at it, take a look at able buyer's old site here.
http://whois.domaintools.com/ablebuyer.com
12-24% returns? Secured by equity? Sweet deals? When did Casey register with the SEC?
Funny how he quickly deleted and moderated out comments. He will not have the luxury this time with the new blogs, as his true story is out.
IT'S HOMEY TIME!!!
YO YO YO ROB DAWG,
I Dunn seen dat Crasey Kats nu scam bouts dem apartmental houses. LORDY wat a funny thing dat be!
He dunn duleted allz dem funny stuff Homey and u dunn sed.
Heys Rob DAwg, dese be sum mo scams dat Crasey be thinkin bout. Wach out fo dem FO SHO.
Domain Name: thecaseyserinstory.com
Status: clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, clientUpdateProhibited
Registrar: GO DADDY SOFTWARE, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com
Expiration Date: 2007-10-13
Creation Date: 2006-10-13
Last Update Date: 2006-10-13
Name Servers:
park21.secureserver.net
park22.secureserver.net
Extended Information - :
IP Address: 68.178.232.100
IP Location: United States
Website Status: active
Server Type: Microsoft-IIS/6.0
Cache Date: 2007-01-15 1
Domain Name: caseyloveserin.com
Status: clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, clientUpdateProhibited
Registrar: GO DADDY SOFTWARE, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com
Expiration Date: 2007-11-16
Creation Date: 2004-11-16
Last Update Date: 2006-07-14
Name Servers:
park11.secureserver.net
park12.secureserver.net
Extended Information - :
IP Address: 64.202.189.170
IP Location: United States
Website Status: active
Server Type: Microsoft-IIS/6.0
Cache Date: 2007-01-15 11:02:34 MST
Compare Archived Data: 2005
Domain Name: caseyserin.com
Status: clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, clientUpdateProhibited
Registrar: GO DADDY SOFTWARE, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com
Expiration Date: 2007-10-13
Creation Date: 2006-10-13
Last Update Date: 2006-12-02
Name Servers:
ns49.hostgator.com
ns50.hostgator.com
Prblinkbiz aside do you think Casey has any clue that all these domains are assets in the bankruptcy? All I can think of are those crackpots that can prove to you that income tax is illegal per the Constitution.
The buyingapts bit was enlightening. There is a whole crew of people tacking Casey's every move. The soy burger at Denny's, the IP traces, and you guys are great. He isn't going anywhere and he isn't going to get away with anything.
The sub primes are imploding, another one this morning. All because they were using Greenspan's 1% through 4.5% window money to sell 7-9% loans. They kept some and are getting screwed when their overnight windo is 5.25% and their costs and defaults in their retained portfolio exceed their income. Then the secondary market comes back with 5x the number of buybacks they budgetted for. Instant insolvency. Surely Casey's loans are all in either a sub-prime retained portfolio or a bundle of secondardy buybacks.
We know enough about his proximate viciims that surely emails are winging their way warning them.
I'm not looking forward to Caseys' moment of clarity.
"I was swimming with sharks, and can you believe it? THEY BIT ME!!!"
Can't I just Tivo the whole thing and skip to the end?
-jbjbj
I had my suspicions about the bona fides of 'RobBBB', one of Casey's more enthusiastic supporters.
And, sure enough...
(Which rather begs the question: is anyone posting positive comments on Casey's blog and actually meaning them?)
@michael
"#2 Yesterday 09:49:59
.
Time Person of the Year Re: I've been reading old Casey Serin blog comments. Which one of you....I was earlier than that.
I switched from hater to supporter since there were too many haters. I post as Rob BBB.
Recently, I gave him an apartment building to look at that cost $13m and has 130 units or so 10 miles from Sacramento.
He said he is going to run the numbers on it.
He is fucked.
I honestly don't know if he will just get away with it though.
The corporate credit is another way to borrow money without the creditors knowing what a horrible risk you are.
The lenders just get fucked and fucked and fucked by that guy.
He is an expert at one thing.. fucking lenders.
SO, all it takes it one comment from an unknown poster, and Casey incoporates it as his new goal for 2007? Robert, I have to give you props. You nailed him on the head. Casey is the sucker of the moment for every bad business deal out there.
Anonymous @1:42
Agreed, Casey is the sucker of the moment for every bad real estate deal out there--but, he's confined it to real estate--apparently you can get more rope with which to hang yourself with RE as compared to trading stocks, commodities, etc. on margin. Besides, RE is his area of expertise, and the more fly-by-night classes he signs up for, the better his expertise gets.
Here are RobBBB's comments (yes, I know, I'm bored right now) - I remember him when he first posted, and thinking "God, this guy's almost as delusional as Casey". Little did I know... (though I probably should have guessed)
Anyway, this was the first: "As I said before, Casey is doing pretty well right now. He is cleaning up his problem properties so he can get back to flipping good ones. This promisory note will be able to be paid off pretty easily in the future because he will be able to keep his credit score reasonable for future deals (even with the one foreclosure)."
And the second: "This is progress! Even though it is a foreclosure, it will wipe it off! Then just a few left!"
And the third: "Casey is not in as deep as hole as you all seem to think. He can consolidate all his credit card payments at a lower rate. Right now he is stuck with a higher rate because off all the homes he has. But as soon as he sells a couple of those homes, he’ll be back in the game."
And the fourth (this is the one Casey falls for): "Casey, think of all you’ve learned from your experience. You’ve learned that you can use corporate credit instead of personal credit when you buy your apartment building! And that’s just one thing! Here’s a great lead for you. It is a complex in Sacramento."
I call shenanigans.
If Casey is such a web guru, why is he always surprised that his loving fans hound him across the intranets? I mean him no ill will, but I hope he gets FUH kuhTUP. I will laugh. He radiates dumbass rays. When people fall down on JACKASS, it is funny. When Casey falls, it will be funnier.
"My goal for 2007: buy an apartment buildings with $5,000/mo positive cash flow by September 10th, 2007. This will allow me to get out of the rate race and become financial free at 25!"
OY VEY .. the putz can't spell 'rat' correctly'
Well, he's not exactly Robert Vesco.
It's not like he has someone tailing him.
Assuming he really did stash the cash in an undisclosed location,
all he has to do is drive south, park his car at the border, and walk into TJ.
You now need a passport to return to the U.S., but not to enter Mexico.
He then takes an express bus from TJ to Mexico City and chooses from any of seveeral daily flights, nonstop to Europe.
>He isn't going anywhere
Posted by John Galt on Caseys webshite (gotta love the Ayn Rand ref.):
HOWEVER, all is possible with, as Casey, mentioned, the proper team of ADVISORS.
With that in mind, may I nominate the following:
Marketing: HOMEY DA CLOWN
Public Relations: AMY THE REALTOR (NEED MORE PICTURES)
Translator: OZZIE TIM
Accounting: OGG THE CAVEMAN
Security: SPUTNIK THE CAT
Outside Sales: DARNELL DA REALTOR
Reality Checkers: TIM FROM MONTEREY BAY, MIGUEL
Too bad you didn't make the reality checker list Roberto, but too damn funny anyway.
No no, it's just dusty in here... *wipes eyes*
Anon 6:40-
I like your scenario. I giggle a little when he gets stopped by customs in some former 'Stan for not declaring 200k in cash, which he has to forfeit. I laugh out loud when, in typical Casey fashion, he DOES declare the cash without talking to G. first, which he has to forfeit in customs...
Time to leave the office, I'm getting a little punch drunk.
You guys are kicking some butt and taking names. Watching Casey's meltdown only backs up what you guys have been saying all along.
Little crook won't even post my rebuttal to his whiny post about being picked on.
Guess he can't handle the truth when somebody shoves it his way.
Can't believe he is starting ANOTHER site. The minute he tries to rip somebody off, I'll be calling the CA AG.
Are you reading this Lil' Casey...sure you are. You screwed the pooch bigtime when you started posting business opps to yourself.
An interesting theory from an anon post on another BBS about Casey:
" Here is what they did. This theory is 100% supported by the public records on Casey's properties.
1. **Galina** and not Casey got liar loans and purchased the houses near market value.
2. Casey purchased the houses from Galina. The purchase price was inflated. After paying off Galina's loan, the excess proceeds of Casey's new loan were spent on Jamba Juice.
3. Galina's credit rating went way up after paying off each $300k loan, enabling her to get the next loan.
This is why:
1. Galina has not left Casey, nor will she. She has been part of the enterprise from the get-go.
2. Galina's credit score is high enough that she can keep borrowing even today.
Mention any of this in a blog comment and I can guarantee you, it will be modded out."
There's been a lot of title shuffling going on at the County Recorders Offices. Galina was on a lot of the purchases and is now off but Idon't think youget out of the loans as easily.
CASEYSERIN.INFO is now mine. Bwahahahah....
All I can saw is damn you all to hell. Bad enough I spend time blogging but now I spend $2.24 on a freakin' domain name.
I am one smug sumbich. The buyingapartments is no longer wordpress. It is redirected to a-bull-buyer. 11:00AM just like I said.
$2.24 for that domain?
SWEET DEAL!
Are you going to have it redirect here?
-jbjbj
Here is how Casey plans on obtaining corporate credit.
http://www.corpbrokersinc.com/main/CBI-ABOUTUS.HTM
Notice, it is the same shady outfit he was warned about months ago.
Anon @3:48 -- I may be mistaken, but it seems to me that if your claims were true, his properties would show more than one sale posted in 2006, and that's not the case, at least not on public sites such as Zillow.
I know about the title shuffling; but absent additional records of a Galina to Casey sale the evidence doesn't seem to support your claim. However, I'm an amateur in this area and you might be right. Could you clarify?
sprezzatura, i too am an amateur in this area (to say the least). it wasn't my theory, i just read it on another board and presented it here for comment. between your and robert's responses, i'd say it is unlikely to be correct for the reasons you both mention.
But he's got slogans now!
http://ablebuyer.com/1/welcome-to-able-buyer/#comment-31
Surely a sign of a successful company!
Oh and anyone want to buy a bridge? :)
And as I typed that, I thought maybe I should ask Casey if he wants to buy it.
:)
Many people have asked the question, "why don't you (Casey)just file BK?" Well, Casey has talked to a BK lawyer and they have told him ( despite his claims to the contrary),he can't discharge any debt that is fraudulent, which is the majority of both his and Galina's debt. In addition, Casey knows that since all of his mortgages went south in the first year, the loans will all be flagged and everyone involved will be prosecuted.
Hence, Casey's dramatic cliffhanger about the "bad news" his BK attorney just laid on him. He knew this months ago, he has just been stringing everyone along.
I found a good discussion on this subject:
http://forum.brokeroutpost.com/loans/forum/2/82988.htm
Case knows he can't go BK. Remember, nothing he says in writing is in stone, right?
He's trying with this latest scheme to scam one more time before it all blows up,through a shell corporation. Once he does this, however, he has opened himself up to more multiple charges of various bank, wire, and real estate fraud.
IMHO he knows that the clock is ticking, as the TX property and now the first of the CA properties will be foreclosed on. He has reached the point of no return. There is no turning back. The process has already started. He just is too stupid to comprehend it. You can't rob a bank, then go back to that bank and try to give the money back.
Instead, Casey amazingly concurrently to being 2+ million in debt and facing multiple charges of fraud, embarks on from what I can see at least 3 more scams- The Able Buyer 24% scam, the Nuveau Rich scam, and now the shell corporation scam.
He has no intention of filing BK. Once he does that, he is toast, and he knows that. A con artist like Casey is going to continue his ways until his last day of freedom, still preaching that his next sweet deal would have been the one that would have turned it around.
Which leaves his with the only choice left, continue to scam. It's the only thing he knows how to do.
"still preaching that his next sweet deal would have been the one that would have turned it around."
That's exactly what I picture Casey saying once he gets arrested. He'll blame his lack of success on the banks, who won't lend him $10 million or whatever that apartment building costs. If they only let his "corporation" buy that apartment building (the one that is still on the market after thousands of professional investors have seen it for sale), he'd be debt free and hitting the ski slopes everyday with his $5000/month in passive income.
What Casey doesn't understand is that his "creative" deals are "creative" for a reason. If people could borrow money by doing things like forming shell corporation with no repercussions, tons of people would do exactly that! I would have loved to have heard his conversation with the BK attorney. I can only imagine the look on his face as more and more disturbing details about Casey's financial situation came out during the conversation.
Does anyone have an opinion as to how much jail time he'll be facing? My guess is that the prosecutor(s) will let him know they could easily get 20-30 years for him, but will plea bargain him down to 3-5 years (and probation for Galina) if he cooperates when they investigate his mortgage broker, etc. Then again, maybe that's too optimistic. If a prosecutor wants to throw the book at him, look out because he has plenty of ammo.
What Casey doesn't understand is that his "creative" deals are "creative" for a reason. If people could borrow money by doing things like forming shell corporation with no repercussions, tons of people would do exactly that!
Casey's biggest problems are that he's both stupid AND ignorant. He seems to be utterly incapable of critical thinking at any level - granted, I can understand why he might have a problem with self-criticism (especially now), but the crap that he falls for and regurgitates on his blog time after time just beggars belief.
But pulling off the kind of deals he's talking about requires precisely what he doesn't have: street smarts, guile, ruthlessness and a willingness to move quickly to seize momentary opportunities (has he done anything this month - which is more than half over - besides moving a few things around his office?)
And the more "creative" these deals are, the more imperative it is that he understands 100% what he's getting into and has contingency plans in case things go wrong.
I don't believe he understands the first thing about the mechanism behind what he touchingly calls this "corporate credit thingy" - and I also believe that he's paid massively over the odds (again) for a package he could have put together himself for a fraction of the cost after half a day's constructive Googling. It would still be a stupid and probably illegal idea, mind you, but at least he wouldn't have added another four figures to the debt pile in the process of setting it up.
Still, it's not his money, so what does he care? He'll care a great deal a few months down the line, of course, but that'll be his problem - and he can't possibly say he wasn't warned. In fact, if he was given a dollar for every time he was warned...
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