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  1. Bakersfield man sentenced in mortgage fraud scheme

    By THE BAKERSFIELD CALIFORNIAN
    Monday, May 12 2014 05:15 PM

    In a mortgage fraud scheme with echoes of Bakersfield's infamous Crisp & Cole Real Estate case, federal defendant Antonio Perez-Marcial was sentenced Monday to three years and 10 months in prison.

    The 41-year-old Bakersfield resident was sentenced for conspiracy to commit bank, mail and wire fraud. In addition to the prison term, he was ordered to pay restitution of more than $3.45 million He is among nine defendants in the case, two of whom have pleaded guilty.

    Federal prosecutors say between 2007 and 2010, Perez-Marcial and other co-conspirators working at or with Paragon Realty, Jara Brothers Investments Inc. and developer Pershing Partners LLC submitted false loan applications and other bogus documentation on behalf of "straw buyers."...

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    Crisp & Cole agent gets 19 months behind bars

    Jeriel Salinas, a former sales agent at Crisp & Cole Real Estate, was sentenced to 19 months in prison Monday. Salinas had faced up to 30 years in prison and a $1 million fine after agreeing to plead guilty to one count of conspiracy to...

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    Homeowner hopes drone videotaping flies 'under the radar'

    Linda Elias could always say, if the feds ever ask, that she simply wanted to share the magnificence of her 6,000-square-foot, Frank Lloyd Wright-esque home along the Kern River near Hart Park. Or, she could just blame her brother, who...

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    Media line up to oppose drone ban

    You may have heard about real estate agents calling on the Federal Aviation Administration to allow the use of commercial drones in U.S. airspace. But now some of the nation's largest newspaper companies -- The Washington Post, the New...

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    Bakersfield home prices slip despite rising demand

    Bakersfield existing home prices slipped last month on a median and per-square-foot basis, even as the number of sales in the city increased significantly. A sales summary issued Monday by local appraiser Gary Crabtree said April's median...

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    Real estate agent sentenced to two years in prison

    Former Crisp & Cole Real Estate agent Michael Angelo Munoz was sentenced Monday to two years in prison for his role in the infamous mortgage fraud case. Munoz pleaded guilty in November to two counts of mail fraud and agreed to forfeit $1...

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    Questions on Crisp & Cole remain after Farmer verdict

    A climactic chapter in Bakersfield's long-running Crisp & Cole saga may have closed with last week's verdict in the trial of Julie Dianne Farmer, but the larger mortgage fraud case is by no means resolved. Still to come are sentencings...

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    Sole trial in Crisp & Cole case set to start

    The only trial to come out of Bakersfield's $30 million Crisp & Cole Real Estate mortgage fraud case is expected to focus on whether the woman who prosecutors say was the firm's No. 3 person understood what she was doing there was illegal....

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    Was Jennifer Crisp's 'break of a lifetime' just?

    It doesn't happen a lot, but every so often criminal defendants get probation instead of prison time simply because a harsher penalty would leave their children parentless. Does that mean the parents, or at least the mothers, receive a...

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    Crisp & Cole defendant gets 6 1/2 years

    A defendant in the Crisp & Cole federal mortgage fraud case was sentenced Monday to 6 1/2 years in prison for one count of conspiracy to commit mail, wire and bank fraud. Jayson Peter Costa, a 41-year-old Bakersfield resident, had...

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    Report: Slipping home prices won't last

    Despite recent softening, Bakersfield's single-family home market will likely see price increases in the 12 percent to 15 percent range this year as previously foreclosed homeowners look to buy houses again, a leading local observer...

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    David Crisp agrees to plead guilty

    David Marshall Crisp, the alleged kingpin behind Bakersfield’s massive Crisp & Cole mortgage fraud case, has agreed to admit to one felony count of conspiracy to commit mail, wire and bank fraud. Crisp, the 34-year-old former chief...

  13. David Crisp's wife expected to take plea deal in mortage fraud case

    The wife of one of the primary defendants in the Crisp & Cole mortgage fraud case is expected to plead guilty to one count each of mail fraud and wire fraud on Dec. 16. A news release from the Office of U.S. Attorney Benjamin B. Wagner...

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