Julie Farmer found guilty on most counts in Crisp & Cole mortgage fraud case

Only defendant in case to go to trial

BAKERSFIELD, Calif. - The jury in the Julie Farmer case has returned a verdict Tuesday, according to United States Attorney Benjamin B. Wagner.

According to U.S Attorney Wagner, a federal jury in Fresno has found Farmer guilty of conspiracy to commit mail fraud, wire fraud and bank fraud, and two counts each of mail and wire fraud.

Farmer was found not guilty on one count of wire fraud, one count of mail fraud and one count of conspiracy to launder money.

The charges are for her involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.

"The jury's verdict marks the end of a long and thorough investigation that resulted in the conviction of 14 defendants before this trial even began," said U.S. Attorney Wagner. “The fraud perpetrated at the Crisp, Cole & Associates real estate firm harmed neighborhoods, local builders, consumers, and lenders. This office has earned a national reputation for mortgage fraud prosecutions, and we will continue to bring to justice anyone who commits these crimes.”

Once sentenced, Farmer faces a maximum of 30 years in prison and a $1 million fine. She will be sentenced on July 14.

Defense attorneys gave their closing arguments last Friday. The government quickly responded and then the case was turned over to the jury.

The jury in the Julie Farmer case went home at 4:30 p.m. Friday and returned Tuesday at 8:30 a.m. to continue deliberations.

Farmer is the only defendant in the Crisp & Cole mortgage fraud scheme not to take a plea deal.

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