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Wednesday, Feb 16 2011 05:44 PM

Crisp ordered released from custody

BY JOHN COX, Californian staff writer jcox@bakersfield.com

David Crisp, a former real estate executive now facing federal mortgage fraud charges, was ordered released from custody Wednesday and was expected to return to Bakersfield to live with his wife and son at his sister's home.

Magistrate Judge Gary S. Austin ruled that Crisp be released on a $25,000 property bond and a $50,000 unsecured bond, according to the U.S. Attorney's Office. Crisp's sister, April, was given responsibility for making sure her brother shows up to his scheduled court appearances.

Crisp had been held in custody since being arrested Jan. 20 in San Diego, where he and his wife, Jennifer, a fellow defendant in the case, had been living with their young son.

David Crisp and nine other people connected to Crisp & Cole Real Estate have been charged with fraud, money-laundering and conspiracy; all have pleaded not guilty to the charges. Five others connected to the now-defunct firm have accepted plea deals for fraud and aiding and abetting.

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