Casey Serin & The Fuzz
Apparently he’s been notified by the FBI of a criminal investigation.
From my very limited experience, he’ll probably only go to jail for 3 years and then like the defendant on whose case I worked before, he can get out of jail and go right back to fraudulent practices and get indicted again about 5 years from now.
Rob thinks I am obsessed with Mr. Serin. It’s not that. I have schadenfreude and I have enough knowledge of what the feds do to prosecute a case like this. The banks should be so lucky that it’s only 8 properties he bought and not the 50 or so that I had to process. I read through HUD-1 after HUD-1 (These are settlement sheets used in real estate transactions) and saw the fishiness over and over again. I feel bad for the settlement attorney and appraisers who might have worked on these transactions. They may be dragged into the much for associating with such an idiot.
Who knows if any creditors will actually see any money again. I worked on this from the bankruptcy side, which is how the defendant was undone basically. Since Mr. Serin hasn’t actually done a filing, there may be no civil remedy here for them, only the satisfaction that he is in jail.
Disclosure: I worked a the case for the bankruptcy trustee who administered the defendant’s bankruptcy proceeding, and we were cooperating with the FBI to serve justice properly (and find a missing Mercedes). As part of the federal indictment, the defendant had to cooperate with the trustee to recover as much money as possible for the creditors because the jerk made a lot of preferential payments. If you really want to know who it was, I can tell you if you want to email me privately. There are several news articles or court documents you can easily Google to verify what I am saying.
Flexo wrote:
While I’d enjoy seeing him go to jail as well, once he gets out, he’s sure to get book deals, movie deals, etc.
Posted on 12-Jul-07 at 8:46 pm | Permalink
mapgirl wrote:
Flexo, I’m not sure. Three years is a long time to pass, watching the subprime market completely implode. I don’t think that anyone will care by then, short of small blurb.
In a small way, our culture’s media short-attention span will work in our favor.
Posted on 13-Jul-07 at 7:05 am | Permalink
savvy wrote:
That guy is a train-wreck. He is quite possibly the least self-aware person I have ever encountered, IRL or on the web.
Posted on 14-Jul-07 at 6:38 am | Permalink
jim wrote:
schadenfreude - that’s an awesome word isn’t it?
It’s probably best you don’t reveal the name, even in private, you never know…
I hope that Serin guy goes to jail, he totally deserves it.
Posted on 14-Jul-07 at 8:48 am | Permalink