BAKESFIELD, Calif. - Former Bakersfield realtor David Crisp and his wife Jennifer filed a plea agreement in federal court, Friday.
The couple has pled guilty to various charges relating to the Crisp&Cole real estate fraud case.
According to court documents and co-defendants David Crisp, Carl Cole, Jennifer Crisp and others created a scheme to defraud mortgage loan companies and lending institutions from January 2004 through September 2007.
David Crisp has been charged with 56 counts of mail, wire, bank fraud and conspiracy to launder money. He could face a maximum sentence of 30 years in prison and $1 million fine.
Jennifer Crisp has been charged with 11 counts of mail, wire, bank fraud and conspiracy to launder money. She could face a maximum sentence of 20 years in prison and $250,000 fine.
Both are scheduled to appear before a judge on Monday to change their plea to guilty.