The David Crisp story is going to eclipse the Casey Serin story. It has all the earmarks of the classic story Casey can only dream of. The Samenesses:
Immigrants.
Young.
Reckless.
Liars.
The Important differences:
$5m mansion v living with sister-in-law.
Corporate jet v V-Dubbs,
Bodyguards v break-in.
TV program v blog.
Bookmark: Bakersfield Bubble to follow the story.
69 comments:
Don't laugh too hard:
Crisp & Cole.
FIRST !
and as nobody else is playing....the obligatory....MURST !
First & Murst, excepting Rob Dawg, as once predicted.
It appears that I was wrong.
Wow.....at the first look seems to be an excellent storyline.
Will be back in a few after reading through all the material to find out if the cliffhangers are as good as KC's.
From Realtor.org only a few years ago:
David M. Crisp 25 president, Crisp & Cole Real Estate, Bakersfield, Calif., www.theagentsyouwant.com
In four years, Crisp has gone from waiting tables to being president of his own real estate company, which he launched this year. He’s also opened his own loan company and production outfit, which creates the 30-minute television shows he uses to promote his listings. Crisp’s team, which includes seven unlicensed assistants and eight sales associates, was responsible for $95 million in sales and 355 transactions in 2004. Crisp attributes his success in part to his partnership with Carl Cole, CRS®, GRI, whom he met when both were working as salespeople at Kyle Carter Real Estate. “He believed in me from day one,” Crisp says of his partner, who is 22 years his senior, “I wouldn’t be where I am without him.”
Bling is the thing: Crisp insists that his salespeople wear professional attire and be well-groomed. He buys luxury automobiles for his salespeople and has flown clients in private jets to view properties. “Image is key in this market,” he says. “Clients want to feel important and be with a real estate professional who’s successful.”
Sky-high goals: One of Crisp’s long-term goals is to build Crisp and Cole Tower, a 12-story, 500-unit condominium building. He also wants to fund the construction of a new building for his church.
----
Snigger.
from IAFF. If you post here Bill....classic post!
#
128. Bill
May 8th, 2007 at 9:15 am
PREDICTION TIME
Since Casey has been on a pretty predictable path so far, here are my predictions for the future:
September 2007 - With still no income and mounting debt, G leaves and Casey gets booted from in-laws. Casey borrows more money from the corp to “live his dream” of living out of a van.
January 2008 - 1099 come to Casey for @$300k in forgiven debt taxed as income with a due date of April 15th 2008. Casey finally realized he must file BK. Still blogging and more borrowing from the corporation that has yet to make any money. Stll blogging.
August 2008 - The tax man cometh. After several months of increasing fines for not paying taxes, IRS starts investigating. Official IRS investigation begins.
November 2008 - All comes crashing down. IRS investigation pierces the corporate veil. Major tax fraud, wire fraud, etc. Blog comes down.
January 2009 - Looking at 6-8 years, pleads it down to 4 years. Casey’s put on 30 pounds from the stress and eating fast food every day. No longer the cute kid but starting to look middle aged kinda early.
June 2011 - After 30 months Casey is out with good behavior. Casey now has a beard which he grew in jail as not to look “too cute” to his fellow cell mates.
October 2011 - With “programming skills” that have now fallen behind and internet publishing so easy a caveman could do it, Casey gets $10/hr programming jobs. Starts looking for “creative ways” to get out of his debt. Starts a pyramid scheme cause, hey, “eveyone else is doing it”.
December 2011 - Since no one trusts an overweight, beareded, Uzbeki gypsy, pyramid starts failing. Those few who got in bust Casey. Investigators start calling. With Casey’s wrap sheet, he’s back looking at another 18 months in county jail.
June 2013 - Back out of jail and a 2 time felon, Casey takes a job bagging groceries at the local market. Still planning his “passive income” goals.
January 2016 - All his debts finally gone, Casey puts $100 in a savings account. Living on food stamps and welfare of course.
February 2016 - At 5% interest, Casey’s $100 is worth $100.48. DUDE, that’s 48 cents in passive income. SWEET! Casey’s dream of passive income finally comes true.
A few random thoughts I posted at IAFF:
---------------------------
Hi Casey:
I've got a few questions:
1. When did Galina start cleaning houses?
2. How does she get there? The vdub or the bus?
3. When you left on your drive to "clear your head" did you have any luggage?
4. When you got to Tahoe, how did you pay the hotel, cash or credit card?
5. If you didn't have luggage, how much did you spend on the following:
* tooth brush
* tooth paste
* dental floss
* comb
* hair gel
* deoderant
* clean underwear
* clean shirt
* clean socks
You said you stayed "cheap" so my guess is the hotel had a small soap bar and some shampoo, but doubt they supply or "give" the above necessary grooming items. Did you buy new? Or, do you carry all this stuff in your murse?
6. We saw the "starbucks" cup in the Thursday post - how did you pay for this? Cash or credit card.
7. How did you pay for your meals? Cash or credit card?
We've pretty much established you took a "cash advance" against your corporate credit card (or other credit vehicle that you established).... just how much did you take out? What is the interest rate?
This is long, but deserves preservation - from the Crisp and Cole "Media Center" page.
Hubris, thy name is Crisp...
Young Mogul
08-24-2006
It's tough not to notice Bakersfield's youngest real estate mogul when he's out in public -- at least when one of his four black-suited bodyguards happens to be in tow. Or when he zips around town in his $560,000 Mercedes-Benz sports car, one of a small fleet of exotic autos he owns or leases.
A millionaire at 26, David Crisp isn't shy about his good fortune.
Five years ago, the Stockdale High grad was waiting tables at a now-defunct Mexican restaurant and loading UPS trucks.
Today, he's a partner in a local real estate agency that's on course to garner roughly $400 million in sales this year.
Crisp & Cole Real Estate is just one of five companies he runs with partner Carl Cole, a 58-year-old former high school principal from North Carolina. Together they oversee about 60 staffers.
Hundreds of young agents have joined the real estate ranks in recent years to capitalize on Bakersfield's unprecedented housing boom, but none has matched Crisp's meteoric rise.
His recipe for success?
A mix of good marketing, unending drive and a lot of risk-taking.
Some good timing and a little luck didn't hurt either.
Risky business
It wasn't yet 11 a.m. on a recent Wednesday, and roughly 100 text messages had already come and gone from Crisp's cell phone inbox.
The first call typically comes around 7:52 a.m., explained the fresh-faced entrepreneur, sporting black slacks, a blue-striped shirt and gold tie on his 6-foot frame.
"It's always someone trying to beat the 8 o'clock rush," he said.
Crisp's days are a whirlwind, full of rushed visits to the bank and zig-zagging trips across town to check on contracts and building projects.
His energy seems to rub off on Crisp & Cole's 25 agents, a few of whom are younger than Crisp was when he broke into the business at 21.
When he joined Kyle Carter Real Estate five years ago, Crisp quickly realized the 2000 Mitsubishi Galant he drove wasn't going to cut it.
Nobody took him seriously.
So, the fledgling agent bought a Corvette that he couldn't afford and hired an assistant he didn't need.
"Did I fake it till I made it?" he said. "Yeah. I'm not going to lie."
Now, he owns or leases 12 or so cars -- Mercedes, Ferraris, BMWs.
He whisks investors and agents to business meetings in Las Vegas via private jet, a prepaid service that costs the company up to $2 million a year.
Crisp's $50,000 Chanel watch glitters with hundreds of diamonds.
He bought his first suit on sale at Robinsons-May for $155 but now slips into suits by Armani, Louis Vuitton, Valentino and other top designers, some with price tags of up to $10,000. His agents are encouraged to do the same.
He's also building a mansion worth more than $5 million in Seven Oaks, complete with an escalator and NBA-size basketball court. It's perfect for hosting clients, charity events and Bible studies, he said.
It's all about marketing, he said.Even the mints that sit in dishes at the plush offices of Platinum Investments, one of the partners' companies, bear the Crisp & Cole logo on silver and gold wrappers.
If you look successful, people assume that you're doing really well, he said. Then you have to put in the hours.
"After you get your foot in the door, you can't be a joke," he said. "You've got to make sure you get everything done."
He keeps tight tabs on the local market, studying house sale listings late into the night after the phones have stopped ringing and the house becomes quiet. Most nights he's up until 2 a.m.
Crisp expects as much of the people he does business with as he does of himself.
At his office on a recent afternoon, Crisp talked to local homebuilder Charlie Bailey about a potential contractor he was looking to hire for a building project.
Crisp asked if the contractor could finish everything in the four months he was promising.
"I want him to know, basically, that there is a penalty on it if he doesn't get done on time," he said.
He's meticulous about checking the credentials of outside agents that work with his company. He's also demanding of his own agents.
The company started a hot line that lets callers reach an agent after business hours. Calls are forwarded to agents' cell phones on a rotating basis.
If an agent doesn't return calls promptly, he or she can lose their privilege to answer the hot line, which often provides valuable leads on properties.
Building a name
Crisp & Cole's next big endeavor promises to be its most-ambitious yet.
The company is proposing to build two 31-story skyscrapers on the Cal State Bakersfield campus, a $370-million project that would include condominiums and a hotel.
With his visionary attitude and flashy style, Crisp is building a name for himself in town.
He turned heads at a recent fundraiser for the American Heart Association where two bodyguards accompanied him and his wife.
The security team is a new addition to Crisp's life that's taken some getting used to for his family. He also has two German shepherds in training and a Range Rover with a license plate that reads "CCRE K9."
Crisp said he doesn't feel threatened but also doesn't want to take a risk with his family.
He describes himself as an "up-and-coming mogul" much like Las Vegas casino tycoon Steve Wynn, whose daughter was kidnapped in the 1990s.
"They're there for protection," Crisp said of the guards.
Rumors float around town about how he made his millions in such a short amount of time. He knows it.
"It comes with the territory," he said.
As long as you continue to give great service to your customers, you'll be successful, he said.
For partner Carl Cole, Crisp's ideas can sometimes seem crazy.
"He likes to make waves," Cole said. "He likes for people to say, 'What the heck is that? He's driving what? He took a plane where? He's got a plane?'"
Cole might not make those financial decisions "in a million years," but he trusts the brazen young man, whom he has come to consider his best friend.
He loaned Crisp a couple thousand dollars when he was just getting started and has been repaid many times over, Cole said.
The company has invested heavily in itself, and "everybody knows us," he said.
The partners started their own video production company in fall 2004 to create the 30-minute TV commercials that showcase Crisp & Cole properties daily on the major networks.
The company also keeps its agents looking sharp by giving them money to buy designer duds or helping them buy new cars.
"We've made it our business to live up to that marketing," Cole said.
A friendship forms
Cole first met his future business partner about a decade ago, while selling Crisp's mother a house.
A teenage Crisp was talking to a builder for his mom, a Vietnamese immigrant who struggled with English.
The 16-year-old was demanding and assertive, Cole recalled on a recent afternoon.
"I remember going home and telling my wife I was really impressed with this kid, who was really standing up for his mom," he said.
Five years later, Crisp walked into the Kyle Carter real estate office that Cole, a successful agent in his own right, had recently joined.
"I thought he was a little over the top and very confident, right on the edge of being cocky," Cole said.
In that self-assurance, the older man saw the makings of one of the best agents he'd ever seen.
A friendly competition formed between the two, and in 2002 they partnered up while still working at Kyle Carter, posting $15 million in sales that year alone.
They took on more agents and by 2004 sales had soared to more than $91 million.Then in March 2005, the two split from McMillin Realty, which bought out Kyle Carter, to form their own company.
In an industry dominated by older agents sticking to the same methods, the partners decided the younger, dynamic Crisp should be out in front, Cole said.
"He's the zip and go. He's the flash guy," said Cole, who describes himself as the details man who brings Crisp's ideas to life. "I sit in here and grind it out."
The relationship is kind of like a marriage, Crisp said.
They've been known to create a scene now and then with their arguments and door slamming.
"We're determined to make it work even if he does tick me off twice a day," Cole said, chuckling.
A number of agents have left other companies to join the successful team, which Crisp describes as "not a typical real estate company."
The bustling California Avenue office is full of young agents with pin-striped suits, gelled hair and hands attached to ringing cell phones.
Integrity, trust, success and other motivational words stand out in large black lettering along the walls. A white board at the front of the room lists dozens of properties for sale.
"People chase this job down," said Crisp, who demands much from these aspiring professionals.
He chides them to walk straighter, cut their hair and avoid slang.
If someone can't afford the designer suits, he asks, "How much do you need?"
It's a risky but worthwhile investment that's paid off, he said. Like Crisp, many drive BMWs or Mercedes -- cars the company will front them the money for if needed.
For agent Jonathan Gainor, there's no comparing the ambition, marketing and teamwork at Crisp & Cole to the company where he used to work.
"Crisp and Cole is like the New York Yankees," Gainor said. "You either love 'em or hate them, and if you can't beat them, join them."
Where the money's made
While one of the most aggressive and top producing agents for his first real estate office, Crisp didn't make his fortune solely by selling houses for other people.
He took advantage of skyrocketing housing prices by buying and selling investment properties.
The first was a $130,000 house in the northwest's San Lauren neighborhood. A Modesto-area investor offered to buy the house for $175,000 before it closed escrow, so he didn't have to take out a loan.
With that profit, he bought a $487,000 house in Seven Oaks that quickly jumped in value to nearly $1 million. He pulled roughly $300,000 in equity from that house to buy other properties and grow his business.
It took off from there, one investment property after another, he said. Every dollar Crisp made, he pumped back into the business.
Crisp wouldn't reveal how many investment properties he's personally dealt with, but said the company typically has anywhere between 45 and 60 at any given time.
He also wouldn't say how much he makes in a year.
According to a statement made by Crisp in court filings during a child custody hearing last year, his gross income was about $10,000 in 2001. By 2004 his income had jumped to more than $160,000, which included his share of corporation profits.
He also brought in about $220,000 that year from buying and selling investment properties with his second wife and business partner, according to the statement.
Turning point
Crisp wasn't always this driven.
As a teenager, he was better known for troublemaking than dealmaking.
The middle of seven siblings, he grew up in a four-bedroom house in Campus Park.
"He was a feisty, smart-mouthed little kid," who, along with his brothers, got into his share of fights, said older sister Kym Crisp.
The family struggled as their dad, a once-successful entrepreneur, hit bottom financially. Once, when they couldn't pay the electricity bill, the family stayed at his pizza parlor -- Fast Lane Pizza -- for a couple weeks.
The boys liked to sleep in the game room, underneath the basketball machine, she said.
In high school, Crisp called the police on his dad, whom the siblings say stole checks, a credit card and other belongings from the teens.
While a checkbook belonging to Kym was found in his bag, their father, Dan Crisp, said he feels there was a rush to judgment.
The senior Crisp, who spent nearly 14 months in jail for passing bad checks, said he never used anyone else's checks or took a credit card. The father said he has no ill feelings about his son calling the police and wishes him the best of luck.
"We've had our ups and downs," he said. "I'm proud of David. He's a very hard worker."
At 18, Crisp's life took a drastic turn.
In 1998, he married his high school girlfriend, who gave birth to their daughter, Taylor in December of that year. She's now 7.
"(Taylor's) the one who lit my fire," Crisp said.
He began working multiple jobs and ultimately got his real estate license after taking night classes at Bakersfield College.
"Most teenagers went off partying. He just stopped," his sister said.
Crisp and his first wife separated after about 21/2 years of marriage.
Taylor loves him to death, said ex-wife, Tiffany Crisp-Molina.
They go shopping, and he takes her to Hawaii every summer, Crisp-Molina said.
"He's always made sure his family was taken care of," she said.
In fall 2003, Crisp's now wife of two years, Jennifer, gave birth to their son, Aiden. The couple married soon after.
"They keep me grounded," Crisp said of his two children.
Family life
A flashy business bigwig in the public eye, Crisp is also a down-to-earth dad. He once dressed up like Batman to Aiden's delight.
That stunt earned him the nickname "Bat-daddy" from the blond-haired little boy.
A photo of the pair at the family's Seven Oaks home shows Aiden happily sitting in the driver's seat of his dad's gleaming silver Mercedes-Benz McLaren.
"(Aiden's) like nonstop, too," said the 24-year-old mother. "It's like I have two Davids in the house."
At home, he's a different person after he unwinds from the work day, his sister said. He likes to clown around.
The Crisps' spacious house sits on a quiet cul-de-sac and is a popular hangout for friends and family.
Crisp wants to make everyone happy, his wife said. They take family vacations and have barbecues.
"When he comes home, he's David to us," she said. "He's a dad. He's a husband. He cleans."
The two met when she was still in junior high but split after they went to separate high schools.
They reunited just as Crisp was entering real estate and working long hours, she said.
The young mother is quick to voice her opinions of his more outrageous ideas.
"I go, 'David, are you kidding me?'" she said. "I'm pretty tough on him."
But, ultimately, she trusts him.
"We know we're blessed to have each other, to have our family," she said.
With Crisp's help, his wife and sister Kym plan to open a baby boutique this fall. Crisp Kids will be part of a shopping center in the works on the corner of Brimhall Road and Calloway Drive in the northwest.
Crisp is quick to take care of his family members. Last winter, he bought his father a 2006 Toyota Tacoma truck.
His parents are divorced now, but his mother, Tu Crisp, encouraged him to help out his father and others in need.
He listened.
"I appreciated the fact that David would do that for me," Dan Crisp said. "It was out of his own heart."
Crisp and Cole have donated hundreds of thousands of dollars to Cal State Bakersfield, the American Heart Association and other local charities.
Crisp recently auctioned off a car lease worth about $28,000 at a heart association fundraiser, which raised $8,000 for the charity.
He also helped send six students in a virtual business class at his alma mater Stockdale High on a trip to New York City this spring for a competition.
He came to talk to the class last fall about his experiences in real estate, said teacher Terry Millsap.
The students seemed encouraged by his success, Millsap said.
"I think they thought, I can do this, too," she said.
The group later wrote him to ask if he could help with their fundraising efforts to attend the competition. He offered to pay the remaining balance of $1,800, Millsap said.
"That really meant a lot," she said. "It just made me feel like crying because we worked so hard."
The future
Crisp's mother worries about her son's workload as he continues to climb the ladder of success.
"I say, 'Son, slow down,'" she said.
But Crisp shows no signs of putting on the brakes.
Fresh off a record-breaking residential real estate market, he's barreling full speed into the commercial world.
His next mission: build a pair of 31-story skyscrapers on the Cal State Bakersfield campus, a project of the huge proportions more common to the Los Angeles cityscape.
For starters, the twin towers would include 524 luxury condos, a four-star hotel with 115 rooms, health club, day spa and 75,000 square feet of commercial office space.
Crisp plans to make it all happen by his 30th birthday.
"There's nothing I've said that I've not done," he said.
The project is probably one of the largest mixed-use development of its kind ever proposed in Bakersfield, said Anthony Olivieri, a local commercial real estate broker.
The success of such a project would depend on many factors, including how fast the developer plans to lease or sell the spaces, the kind of amenities the property is offering compared to competitors, the city's growth and others, Olivieri said.
Bakersfield's current commercial market is strong with rents increasing and vacancy rates dropping, he said.
An enthusiastic Crisp has delivered at least two presentations on the towers project to Cal State committees, bringing an architect, attorney and other experts with him, said Michael Neal, the university's vice president of business and administrative services.
"I think (Crisp is) an energetic person that has a lot of vision in terms of what he'd like to do," Neal said.
The university has yet to develop detailed backgrounds of the local businesses, developers and organizations that submitted proposals in response to a call for public-private partnerships, he said.
Many questions still need to be answered to determine if the projects, including Crisp's, are financially feasible, Neal said.
Regardless of the Cal State project, the Crisp idea machine continues to churn.
Another of his life goals is to build a church.
Crisp recently became the newest member of a group of local business entrepreneurs that owns the Bakersfield Jam, a minor league basketball team that will start up its first season this fall.
He'd like to buy a local news station someday, too.
Construction is under way on offices along Stockdale Highway, which will house the Crisp and Cole companies.
The young real estate heavyweight admits he's still learning. It's about trial and error, he said.
If a company he's hired isn't getting the job done, he'll know better next time.
He plans to be a billionaire at 35.
"The odds say I won't," he said. "That's why I like those odds."
Aaron thanks for th Bill post.
Anon questions: good ones, just don't hold your breath waiting for honest answers.
Casey is running on fumes. Coughs and sputters but no going any further.
Some additional items from today at the local newspapers blog:
http://people.bakersfield.com/home/Blog/schuster80/9008
Bakersfield Bubble,
You da man! Great work. Do you have the address of his $5m house?
For another obsequious fawning article try Lore Magazine.
Crisp's picture sets off the ol' Gaydar™, wedding ring on the finger notwithstanding :-p
I'm reading these linked articles and the thing that strikes me is: "Is there really that much money to be made in RE after all those costs?"
Then I read that three properties in his wife's name have NODs against them, so maybe I'm right.
Move to Florida soon?
I can't locate that property, I have heard that he sold the land and moved into a home he tried to flip and FLOPPED. He tried to flip it for $2.6 million.
http://bakersfieldbubble.blogspot.com/2006/12/multi-million-dollar-flip-or-flop.html
His next mission: build a pair of 31-story skyscrapers on the Cal State Bakersfield campus, a project of the huge proportions more common to the Los Angeles cityscape.
Bakersfield?
Benoit™,
I think your Gaydar wires are crossed with your Creep-O-Meter Detectomatic™. He's married, spawned, divorced, re-married, spawned again and drives a Mercedes McLaren. Serial Hedonist that takes his pleasure wherever he can perhaps but bearded bunlover definitely not. His personality is such that were he gay he'd be a spectacular open example. There's a lot more going on here of the Barry Mankow variety if you ask me. The numbers just don't add up. $160k salary and a $50k watch?
The skyscrapers aka the college rapers. Reading all the articles it was 12 stories in 2005 and has since gone 31 -> 34 -> 32 -> 27 I think was the last count. Trust me, skyscrapers don't bounce like this. THey are not the same building adding and subtracting floors like this. This is a chimera, a canard, a ruse, a blind, a dodge, a beard. There never was and never will be a CSUB towers. When you've got something like this "in the works" you can create a financial black hole large enough to fly a jet through or drive a sports car into or hide and entire private residence loan within. "Where's the $2 million?" "It went ot design and feasibility studies of the tower project." "Okay then. That stuff is expensive."
PerpWalkPerpWalkPerpWalk.
Word is the SLR McClaren is gone. Sold to raise cash...
No mo SLR? Word? Awwww. Too bad. Little Aiden will have to take the bus to publik skool.
Thanks for the spelling correction. A case where it does matter, I was sloppy and do know better.
Chance are it was never "his." I see this all the time, legitimate and crooked. A friend "owns" a corporate jet. Yes, it is his, yes he can fly it. No, hardly not ever because he leases it out in a timeslice sharing arrangement. And no, he can't fly it alone. Not because he isn't qualified but for insurance reasons one of the "real" pilots has to take left seat. The rich have different limits on their lives but limits nonetheless. Crisp's ride was probably a sales tool for C&C and carried as a depreciating asset. The idea was surely to zero cost it out and let him buy it for $1 after 4 1/2 years or some such. That also means C&C didn't own the SLR either but was leasing it. These sacammers are all about using cashflow to hide asset valuations.
That guy looks like a child molester. so does Nigel
My bad - McLaren (too many C's) - oh the irony of two C's...
C'mon people, quit telling me that I shouldnt pursue my dream of passive income. I've already set up two tip jars at random street corners in Sacramento and they're bringing in sweet cash!
Let's see here, um looks like this one is full so let's check it out. Ok, [shaking tip jar furiously] *cling*cling*cling*. What's this? 2 beetles and a penny. WOW! This really works. Everyone should try it. I just made 2 beetles and a penny by setting two tip jars on random corners. Jamba Juice here I come, SWEET!
BB,
I wuz jus' funnin' no harm no foul. You deserve max kudos for dawgin' this story for so long. I look back at your archives and see how you are THE location of record for this disaster.
Endgame? Wimper or bang? Looking more like wimper but there's still a chance. He goes to Tahiti for vacation. Any chance we see a dramatic arrest at the airport with a murse full of coffee cans?
Slow day I see. :::sits... picks at hangnails, scratches head, shifts around, fidgets, taps toe, thrums fingers::: Okay then. Later.
to be honest, what is the problem?
did mr. cole break any laws? Probably.
Will Mr. Cole ever get prosecuted? doubtful.
In some ways, I regret obeying the law and not having the chutzpah of Cole and Serin to (possibly) break the law. In Casey's case, he has admited to breaking numerous laws, while Cole has been smart enough to keep his mouth shut.
I have a PhD in Computer Science, and short of winning the lottery (successful IPO) will never afford a house in California. Then, I get to see how IBM is laying off 150,000 people, and watching my field get shipped to China and India.
Yet, scum like Cole smuggly mock all of us who work hard and try to obey the law. They need to be prosecuted and made examples of. Long sentance, confiscation of assets.
If not, then why the hell should any of us bother? Stories like this make me think fraud should carry the death penalty (like in China). Because unpunished fraud threatens the very foundation of capitalism, and needs to be dealt with swiftly and desisively.
As appealing as the thought of casey and cole getting "flipped" in prison by bubba, I would much rather see their sentance carried out "gladiator" style on pay-per-view, with the proceeds going to the victims of their fraud.
2 beetles and a penny! LMAO!
Why is it that these shitheads thath appen to catch the wave at the right time sudddenly think that they didn't luck out but are so damn smart that they can see opportunity where no one else can? I mean really, what are shitheads like Casey and Crisp really doing to add value to society? They are gambling pure ans simple..I'm gonna put my money here, hope I win! For people who will talk about stocks..it's the same thing man...just more civilized.
http://newyork.craigslist.org/mnh/wan/326961786.html
Wanted Aged Corporations or LLC's
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Date: 2007-05-08, 4:17PM EDT
Clients of Spiegel & Utrera, PA a law firm are always seeking aged corporations or LLC's, c corps, s corps, 501(c)(3) non profit corps, disc corps,certified minority business corps or LLC's no longer engaged in business or being utilized.
Corps or LLC's with federal tax number, bank account, domain name, credit history, credit or debit cards, merchant account, workers compensation experience rating, unemployment tax account experience rating, and/or duns number are especially sought.
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Earlier it was stated:
"He's married, spawned, divorced, re-married, spawned again and drives a Mercedes McLaren."
So, I fixed it for ya:
"He's spawned, married, divorced, spawned, re-married, and had a leased Mercedes McLaren taken back."
You're welcome.
King Friday the 13th said:
In some ways, I regret obeying the law and not having the chutzpah of Cole and Serin to (possibly) break the law.
I totally agree. To get a conventional 15 year fixed rate morgage 14.5 years ago (yes, almost paid off!) I had to endure a near strip search of all my finances. Pay stubs, bank statements, bills, everything went to the lender to prove I could pay a few hundred bucks a month for a house, only $150 more than what I was paying for rent at the time. It sounded like they didn't hand out money to any little shit like Casey who would lie themselves into hopeless debt.
On the other end of the crime spectrum, www.inmatereleases.org indicates that petty crime is quite a good business to be in around here. Due to prison overcrowding, you can be prosecuted for breaking into cars, producing and distributing Meth or cocaine, producing fake credit cards and ID, or committing forgery and be out of jail and back in operation in as little as five business days! Why bother following the law any more?
For them that care…
Crisp & Cole can’t make their payroll. Yet apparently some feel his perceived success is a worthy comparison to Serin? Riiiiight, READ ALL ABOUT IT..
x-posted cuz you never know what trips the Nigel-killer:
You're welcome to all these views, Nigel. Did you catch the haterz occupation survey? About half of us are professional writers, often technical writers, which includes journalists. You are welcome to infer and debate context, intent, and propriety. I do think you're playing a very tough crowd, though.
(In fact my own nexus of interests is the intersection of writing, entrepeneurship & investing, and internet kooks, so I feel particularly bonded with this saga.)
The thing I think most about with you is: Now your name has been deeply associated with chenanigans. Try as you might to "level the playing field" or "set the record straight" a Google search of your name introduces remarkable confusion and doubt. Do you think this is the work of journalists? Unscrupulous men? How does it make you feel? Are there lessons? These are among the things I wonder.
I really like how they have these little scrolling words on their website like: Risk Takers; Successful; Power Suits; Elite (and I love this one...), Class...
LOL!
I vote they add "Cheese" to the list.
SayWhat?
On the other end of the crime spectrum, www.inmatereleases.org indicates that petty crime is quite a good business to be in around here. Due to prison overcrowding, you can be prosecuted for breaking into cars, producing and distributing Meth or cocaine, producing fake credit cards and ID, or committing forgery and be out of jail and back in operation in as little as five business days! Why bother following the law any more?
Texas law anyone? They screw with your property on your property, shoot them.
How about a public 'wall of shame' web site for the rest. A good 10x point and shoot should be able to get pictures from a distance..
Was supposed to be "@SawWhat?"..
AAACCCKKK.. been looking at the screen too long at my looser™ W-2 job.. try again, supposed to be "@SayWhat?"..
I wonder how much longer before G realizes that she needs to extract herself from this mess, dump KC, file BK and start over.
"I wonder how much longer before G realizes that she needs to extract herself from this mess, dump KC, file BK and start over."
I'd say that she's at that point, right now she's just trying to figure out how to minimize the long-term damage. For example, the "rent" that Yulia collected will almost certainly be used to fund her divorce (or possibly defense) lawyer.
Does anyone honestly believe that Casey's wife and family do not read his blog????
Galina has read every word of this guys bullshit-so has her sister.
That said, I'm sure that Shithead is quite good at convincing her that the 400 negative comments a day telling him to get six jobs and turn himself over to the the authorities are just jealous Haterz. I'm not sure if that implies guilt on her part or just a profound want to believe that she didn't make the monumental mistake of marrying a completely insolvent loser- My impression is that she thought she was latching on to the good life when they got hitched.
I just finished watching the Uzbekistan episode of Anthony Bourdain-No Reservations (it was on yesterday and I tivo'd it). All I can say after watching it is "wow, no wonder Snowflake is so messed up!!" Fascinating place and culture, but oh so different than Sacramento. The massage part had me laughing out loud....it was pure torture for Anthony. Anthony also went to an Uzbecki wedding, and had to shop for a wedding gift. He ended up bringing a traditional gift of a strange cradle (no sides, I could imagine all of those little Uzbecki children brain damaged from falling out of their beds) and it had a hole cut into it (so their heads stay round, I was envisioning trapped little heads and more brain damage from oxygen deprivement). The piece de'resistance though...was the PISS POT (his words, not mine) AND CATHETER PIPE. They put a pot under the cradle and this oh so strange wooden catheter pipe on the baby so that the pee pee runs down into the pot while the baby sleeps. Very, very weird. Can you imagine baby Snowflake in his sideless cradle with a wooden stick attached to his weenie? No wonder he's mental.
I HAVE 41 COMMENTS, BITCHEZ!
Comments are mostly caused by the sun, therefore, I am the center of the blog solar system!
I also have a pool, a BMW and SPELLCHECK you bunch of LOOSERS.
My ethics are not inferior to you haterz- In fact, they are FERIOR! I have morals too. I keep them in a fancy box next to my koi pond with the fish and stuff. You can read about my unrivaled integrity on my blog under STUFF FOR SALE IN SALT LAKE.
41! You hear me? 41. 41 Unique comments.
FOUR
T
ONE
I'm sticky. Oh yeah, I'm soooo sticky.
From the Lore piece:
“He went out and borrowed the money to buy a Corvette. He bought designer suits. He went on vacation in Tahiti,” Cole recalls. “And this was before he’d sold one home!”
This sounds just like Casey to me. And we'll see how this guy makes money in a down market. It just so happens he had the greatest runup in RE history to fuel his "success".
Any Entourage fans here? This is no different than Ari's college buddy who couldn't get a better job than bartending at Hooters - til he sold "Stamps.com" for $64 Million during the dot-com bubble.
I don’t think G is the sharpest crayon in the box so it might have taken a while for her to figure things out despite the hints from family and friends. Perhaps the light came on a few days ago when she woke up an realized that 1) husband had gone to Tahoe without her, 2) was living with sister and can’t afford to pay the rent, 3) was cleaning up after others to get by, and 4) she was going to get stuck with a lot of debt for the rest of her life if she sticks with KC.
I guess CAsey didn't get the memo that "fake it til you make it" doesn't mean
get a vdub with a nice ghetto sound system and rims for a car
live with you in laws and don't pay them rent
wear a murse and stupid hat
blog about how broke you are
go to a cheap casino hotel in lake tahoe
Swaby with a mindboggling explosion of commentary. He is a massively pompous asshole. Like his friend Casey, avoids answering the real questions by pompously attacking everyone else. Deflect! Deflect Nigel!
So he's no longer "An aspiring web journalist" (I can sense his cringing every time somebody brings up that pathetic press release) and now he's "happy" with how things have settled out. People are linking him (most likely because he is linking them and link-whoring in ways most of us find abhorrent, and hilarious.)
So half the shit on Google has him as a pompous ass, and the other half, self linked, self promoting madness. Glad to know he has generated so many leads. He's gonna need all the leads he can get.
BTW what's the status of foreclosure avoiders? I thought it was supposed to go live this week.
Finally Nigel clearly equates spelling with journalism or writing. THis is the most ridiculous thing I have ever heard. I used to work for a huge consumer magazine and the writers were the worst spellers! They spewed copy by a certain deadline - that was their job. Then those writers have editors. They fix and punch up the copy and edit for length. Then finally a copy editor does the final fixes.
So basically it goes through many layers of editing, but Nigel doesn't know this because he isn't a journalist. And most of you probably do - so sorry for telling you all something you already know.
I luv "0 Comment Swaby"!
Want him to have my baby.
[shoot, I rhymed, so now I have to do the obligatory bad poem...]
Drugs make Casey drool: "Laby."
Dreams of Nigel dressed like a Gay Bee.
Makes me want to pour another JB
Galina shoppin for the kid at Kaybee...
Will I live in the car? Maybee.
[with sincere apologies to all intellects, everywhere]
At 8:20 PM, Anonymous said...
Swaby with a mindboggling explosion of commentary. He is a massively pompous asshole.
Anon, Please don’t understate the situation. He is an Award-winning massively pompous asshole.
The Swaby-Tip really isn’t worth bothering with folks. Why give him the hits he’s seeking?
Signed,
A non-astute Exurb moron (and f-ing proud of it, doods and doodettes)
P.S. While I was busy dealing with BS at the office, I fell behind on the situation so I’m late to the scary retro 80’s references (not groovy for the most part) and was reminded of The Pretenders “Stop Your Sobbing” in reference to our favorite anti-hero.
When I was a kid, I thought Chrissie Hynde was AWESOME.
Happy Victory Day! (Well, in two hours PDT, anyway...)
Glory to better Russians than Casey!!!!
Can you imagine how disturbing it would be to discover spiders in your ear?
This one brings on my hypochondriac tendencies and the bizarre happy photo of the kid with his ear wax and spiders makes it even more disturbing: http://www.cnn.com/2007/US/05/07/spiderboy.ap/index.html
popping in his ear -- "like Rice Krispies."
I'd be curious if anyone else was provided the following post-spiderboy videos via CNN:
2. Dog is duck's best friend? (cute feature involving a puppy and duck)
3. Talented Tentacles (an octupus in New Zealand learns how to open a plastic bottle)
Nigel Swaby is amusing. What are we haterz supposed to do while sitting around waiting for Casey's new low? My money is on the Swabster. Nigel Swaby, the award-winning real estate blogger, amuses the crap out of me. DON'T MISSPEEL NO WERDZ! OR HE'LL *GITCHA!*
When I was a kid I had an octopus who died - so they make me feel somewhat sad.
Johndiddler,
When I can’t recall the name of my stupid-ass blog I Google “6 Degrees of Casey Serin” and find this brought to us by NigeyPoo: "...It'll be a six degrees of seperation type of thing...."
That is not a typo E and A are not terribly close together on any keyboard I'm aware of.
omg nigel swaby misspelled a word!
Here's another article he'll screw up.
JohnDiddler,
Nigel is simply not my cup of tea. Reading anything he writes puts me to sleep. The best thing about him is the Foreclosure Avoiders satellite sites he created by default (no pun intended).
NS is obviously a leech.
Another Swaby quote (how did you miss this one guys?)
As far as the Utah law about making predictions of interest rates it only applies to customers who take out a loan.
Right, so you can go on your blog and state that the Feds will keep interest rates the same but if you are trying to sell a variable rate mortgage to someone you have to tell a different story? I'd love to be present when someone who's read your blog comes to you for a loan and you have to explain that one.
@5:06 Anonymous.
Jiminy Christmas! The first people this Crisp guy lets go are in Human Resources and the Accountants? Way to save a company.
I like the way the business partner is publicly distancing himself. "David was running that company," Cole said.
Incredibly, Foreclosure Avoiders has yet to go online. Even though he "Expected it" to be up last week, it appears Nigel sees fit to pick fights with Rob Dawg for traffic as opposed to focusing on a venture which may make him real money.
Guess he doesn't REALLY think he can do it without Casey. Maybe he should just stick to being an award-winning, poorly predicting web-oracle.
I love that Nigel gets so defensive about that press release, like any of us couldn't have predicted how badly this was going to end by October. We all knew he was upside down, had no money, refused to get a job, and made really really stupid decisions on an almost daily basis. To be fair though, it didn't become a 100% sure thing that he was going to fail horribly until Christmas.
The mere fact that CAsey made all of these purchases at the absolute top of the market was enough for me to know he wasn't very astute at all. But leave it to a mortgage broker to think somebody is boing astute for buying a house no matter what the market condition. In October of 2006, I had been a housing bear for 2 years already, cashed out, if a bit early. But man is it funny to watch these smug, showy, easy come, easy go morons take a monster hit. They had it coming.
DHC xpost:
"That's a bit rich coming from someone who's so clueless about the difference between 'alternate' and 'alternative'"
Or immoral vs. amoral. The problem with criticizing one's opponents' spelling is that it then encourages your opponents to tear apart your own posts for grammatical errors. No one is perfect, and it takes away from intelligent debate.
Flailing Forward's abridged guide to internet debate:
1. Are you seriously attempting to argue a point on the internets? Congratulations! You're a retard. Wait, I mean, "ur a tard LOL"
2. Criticize something about your opponent that has nothing to do with the argument (i.e. his photo, past, perceived penis size, ect.)
2a. Type ect. instead of etc.
3. Take every remark from anonymous commenters seriously.
4. If you have nothing else, criticize their spelling and/or grammatical errors. This always scores big points.
5. When in doubt, insult your opponents' social skillz. (for example, they are obviously 50 year old virgins living in their 75 year old parents' basements surrounded by pizza boxes and covered in Cheetos dust)
5a. Your opponent certainly fux sox.
6. Don't forget to bring up Nazis or Hitler.
6a. Limited time only: bring up Cho and the VA Tech shooting.
7. Even if you winzor, you are still the looser.
Please check out my five part series on my new site, SLCrealestateblog.blogspot.com.
ASW: dongz
BJ said...
Texas law anyone? They screw with your property on your property, shoot them.
That's legal here too. Obviously it's not doing much. Criminals don't break into your cars when you're sitting in them. They don't break into your house when you're there. Most of the criminals that are being released haven't committed property crimes (Meth dealing, ID theft, forgery, and so on).
How about a public 'wall of shame' web site for the rest. A good 10x point and shoot should be able to get pictures from a distance..
All these people already have mug shots.
This Crisp and Cole story is just a smidge of what went on throughout California and the United States.
Heritage Plaza Mortage did 50-60 Million a month before dropping down into the teens on Mortgage Sales. Gary Gremel had to close up shop in March and let 120 people go because business went bad. Actually, too many bad loans went through the pipeline in the first place and the investors made his company take them back!
Houses, Cabins, Yaughts, vacation homes all down the drain. Most people like Gary were splurging in this induced market and thought they controlled it. They had no clue how to handle business or easy money. Same with Crisp..and Nigel.
very interesting
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