Update: Crips & Cole mortgage fraud case on question as wife retracts previous guilty plea

Jennifer Crisp, the wife of the man behind the Crisp & Cole Real Estate mortgage fraud, is now telling court officials that she knew nothing about her husband's fraudulent schemes. 

This comes just months after she pleaded guilty to one count of mail fraud and one count of wire fraud. 

Court documents previously revealed that Crisp & Cole Real Estate had been carrying out fraudulent conspiracies from January 2004 to September 2007 through financially inaccurate loan applications, and illegal means of purchasing properties through inflated prices with funds borrowed from lenders. 

This caused the industry more than $30 million dollars. 

Crisp must now justify her original plea to a judge, or may face going to trial. Her hearing is scheduled for March 6.

Click here for the original Crisp & Cole story. 

 

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