David Crisp, Part 4

David Crisp, Formerly of Crisp & Cole

The noose continues to tighten!!!

Ok, I'm a bit behind on the stories, but I'm not going to forget. These two (Crisp & Cole) were main characters in the Housing Bubble Drama, and we will watch them face justice.

2010-07-01: Fifth guilty plea entered in Crisp & Cole fraud case
Christopher Lance Stovall, formerly a loan officer with the mortgage lending arm of Crisp, Cole & Associates, entered a guilty plea in federal court Thursday as part of a plea deal in a mortgage fraud investigation.

Stovall is the fifth person to take a deal in the case. None of them have been sentenced, however. Investigators have asked the court to delay sentencing to give the defendants time to cooperate with authorities in the ongoing investigation.

Stovall, 37, looked boyish despite his bald head and goatee as Judge Oliver Wanger asked him if he understood the terms of each point of the agreement, which was read aloud at the hearing in U.S. District Court, Eastern District of California in Fresno.

To each question, Stovall replied simply, "yes."

When the judge asked how he pleaded to four counts of felony mail fraud and aiding and abetting, Stovall said, "guilty," then shifted his weight from one foot to the other and looked down at the courtroom's blue carpet.
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