Bakersfield Broker's Flipping Operation Back In The News

The Bakersfield Californian reports:

• The mother-in-law of Realtor David Crisp, Leslie Sluga, recently had two homes enter default, property records show. The delinquent loans are a first for Sluga, although scores of defaults and foreclosures have touched other family members of the former Crisp & Cole Real Estate company's staff and business associates over the past year.

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• [A California Department of Real Estate] complaint alleged Sluga and her daughter, Jennifer Crisp, were allowed by Crisp & Cole to report false employment information on loan documents. [...] The women reported nonexistent positions at Crisp & Cole and the accounting business owned by Sluga's husband, state regulators allege.

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• Two days after the state complaint was filed, FBI and federal tax agents raided 13 sites around Bakersfield related to [the now-defunct real estate brokerage] Crisp & Cole. That investigation is ongoing. No charges have been filed. Crisp and his former business partner, broker Carl Cole, have left a string of at least 107 troubled properties carrying more than $66.6 million in loans in the wake of their defunct company's operations, according to an ongoing Californian tally. As of Friday, at least 80 of those have foreclosed, the Californian's research found.

Crisp has not been charged with any crimes, but reportedly is the subject of a Federal investigation. For more, see Crisp relative's homes in default.

See also, KGET-TV Channel 17: Radio host questions embattled realtor outside restaurant:

• An ambush interview with embattled realtor David Crisp has become the talk of the town online. A local radio personality grabbed a camera and confronted Crisp after spotting him at a local restaurant. KRAB radio host Francis Mayer said when he saw Crisp eating at [a local eatery] Monday, he had to ask him some questions.

Go here for past Bakersfield Californian stories about the Crisp & Cole home flipping operation.

Go here for earlier posts on David Crisp and his alleged flipping operation.