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Wrongdoers in the Crisp & Cole case have grown complacent. The FBI, meanwhile, is content to take its time. When finally an indictment comes down, there will be great surprise -- and private relief.
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The fallout from Crisp & Cole Real Estate operations eventually included more than 140 troubled properties — mostly homes in the Bakersfield area that wound up foreclosed on — carrying bad loans totaling more than $83 million, according to property records tracked by The Californian for more than a year.
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Excerpts from United States of America, plaintiff, v. Jerald Allen Teixeira, defendant.
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Jerald Teixeira’s mother won’t make a lot of excuses for her son, even as he faces up to 20 years in prison. The McFarland High graduate, who served three years as a Marine before joining the now-disgraced Crisp & Cole real estate firm, pleaded guilty Monday to defrauding mortgage lenders and helping principals in the company get rich through well-placed lies and deceit.