Jerome Mayne Next Wednesday December 6th at 6:00 pm Pacific Time, I will be having a live conversation with a Convicted Mortgage Felon. His name is Jerome Mayne.
He received a 21 month prison sentence for his participation in a mortgage fraud conspiracy. He is now President of Fraudcon, Inc. Jerome is “a national public speaker and author on real estate and mortgage fraud and a self taught expert in fraudulent behavior”.
In his book, Life Saving Lessons - The Diary of a White Collar Criminal, Jerome details, in a journal entry format, the crime, the indictment, prison and the rebuilding of his life after his felony conviction. He also has a video on Fraud & Consequences.
Here are some video samples: Intro | Crime | Arrest
Will I go to Jail for Mortgage fraud? On the podcast we will be talking about my situation and the mistakes I made, what kinds of criminal consequences I might face, what types of fraud are prevalent in the real estate and mortgage industry today, what to watch out for and some of the lessons he learned in the mortgage industry and behind bars.
We’ll Take Your Questions Too!
This will be a live audio podcast right on this blog with the ability for you to call-in with your questions (or send questions via chat). This is your chance to ask me or Jerome anything you want on the subject of mortgage fraud. After the show we’ll have a recording available for those who missed it.
Should be exciting! Stay tuned, I will have a call-in number for you soon.
NOTE: to hear the netshow / padcast you will just have to come to the blog at the right time and you will be able to press the play button and hear it. That’s all you need is your computer and your speakers turned on.
Facing Foreclosure on National TV Tomorrow
Early Riser Habit to Stop Foreclosure
127 Comments
*
Take Some Responsibilty
November 30th, 2006 at 6:51 am
Wow. Your new hero/guru is a convicted felon. What would your God think? This stuff is laughable. That is the only reason why I lurk here. You are really scraping the bottom of the barrel.
*
Bryan
November 30th, 2006 at 6:59 am
I’ve said it before, Casey, and I’ll say it again. You’re a genius!
The Jerome Mayne interview takes your blog into another dimension. Think about all the other criminals you can interview … in other areas of life, not just real estate. I’m sure Jose Canseco (sports) will want to appear with you, and how about Bill “I-did-not-have-sex-with-that-woman” Clinton (politics)?
Maybe the PR lady in Phoenix saw something in you, and will indeed reap some reward for her vision. Your story is like that Bunny with the bass drum, it keeps going … and going… and going …
*
Joey Bobo
November 30th, 2006 at 7:41 am
Don’t be a dickwad this time, Casey. Learn everything you can from this guy, especially how he was able to turn his felony conviction into a career.
Forget about the real estate scams… that time is long past. You can still become a consultant and help mortgage companies and banks prevent fraud.
Take my advice, go speak to a local prosecutor, and turn on all those crooked loan officers, real estate brokers, and fake gurus who set this situation up. Do a few month’s time (if even that), and then become a consultant.
Try to talk to your local congressman, or whichever congressman is looking into the real estate crash, and offer to testify in their committee. You will be guaranteed to get publicity, and congresspeople love that.
That’s probably your path to riches. Go speak to your God, and ask him if Joey Bobo is right. I’m sure he’ll agree.
You owe no loyalty to these scam artist who set you up for failure. You say you want to give back? Then do your part to bring down this real estate ponzi scheme for good.
*
Ralph
November 30th, 2006 at 7:55 am
So this guy is a “self taught expert in fraudulent behavior.”
In other words, he was (is?) a crook. Reminds me of a trash collecter calling himself a “waste management engineer.”
*
Billy Jack
November 30th, 2006 at 7:56 am
I AGREE…LEARN ALL YOU CAN, YOU WILLL NEED IT FOR PRISON.
I HAVE SOME BUDDIES @ SAN QUENTON THAT CAN HELP YOU OUT WHEN YOU GET THERE.
GOD BLESS YOU, CASEY.
*
Preacher Brown
November 30th, 2006 at 7:57 am
I hope you turn it around.
God be with you, young man.
*
Roger Pope
November 30th, 2006 at 7:59 am
Hey Casey,
I have been there before.
Good luck and go with God, he will save your soul.
RP
*
James Diesel
November 30th, 2006 at 8:01 am
I have been ripping off my aunt for years. They cant catch you Casey.Take the money and run.
Jim
*
Thonza
November 30th, 2006 at 8:03 am
I think being a consultant would be a groovy job.
I like the Wizard of Oz.
I like the Tin Man.
I hope you find peace and smiles.
God bless.
*
Tommy Truelove
November 30th, 2006 at 8:05 am
God is the only way.
Go with God, He gave his life for you.
*
Doyle Pike
November 30th, 2006 at 8:09 am
Hey Casey,
I want to buy all your properties.
Call me @ 404-874-****
This is not a joke, I am a self made millionare.
Call me, I can help you out!!!!!!
*
Alan Smithee (aka gt)
November 30th, 2006 at 8:10 am
Sigh. Convicted Mortgage Felon. Why is it that people with sub-standard English skills Love To Capitalize Things that Should Not Be Capitalized.
Okay, “sub-standard English skills” sounds elitist and demeaning, even to my holier-than-thou sensibilities. Sure, I capitalize for effect, in a mocking book title, Lifetime movie-of-the-week kind of way. But mine is intentionally sarcastic, see.
Actually I’ve noticed that it’s not just the “sub-standard English” set that has irritating emphasis habits. One tactic that used to be avant garde for snarky writers like myself (I think) was the One. Word. Sentence. For. Effect. Technique. and I swear I see it everywhere now, and on this blog. Ah well.
2nd day in a row, typing pre-coffee.
(I can stop whenever I want. I don’t need this blog. At. All.)
I saw the smiling beatific face of what’s his name when I landed here this morning and thought, for an instant, the blog had been taken over by the mysterious Rich Dad. Or a guy who looks like Kevin Spacey who is going to play Rich Dad on a Very Special holiday television show.
But then I saw the “Conversation With A Mortgage Felon - Live Podcast Next Wednesday” title and I just about had to change my pants.
Classic. Utterly brilliant. All-singing, all-dancing, live stage-show blog with headlines nearly worthy of The Onion.
Yes, I am feeding into this mess. I read. I post. So kill me. If it all turns out to be a con (sadly, I doubt this) I’ll be unmoved…because it is (or was) so much flipp’n fun to be here. It’s like I imagine a flash-mob to be.
Yes, the best part about the blog is the roadside conversation/dialogue between the traffic-accident rubber-neckers out there. I too noticed when iamfacingforclosure was unreachable yesterday and experienced a moment of indescribable panic. Perhaps we, the posters, the commentators, the assholes, the entirely too witty among us should start a separate blog so that when Casey goes to jail (or Tijuana) we don’t loose (sic) our outlet.
I must write “sic” because I would hate to think there is anyone out there wrongly deducing that I don’t know the difference in the spelling. My compulsive need to be right trumps much; even if I have to lift the veil of sarcasm, and ruin the ha-ha moment for you all.
Casey interviewing a Convicted Mortgage Felon is exactly the kind of behavior I’m talking about in my prior post about the “1,001 things Casey will do instead of write a book on the off-chance he gets a deal.” Rationalized procrastination, I love it. Oh, and while Mr. Serin is sipping his overpriced beverage and “researching” a book deal at the local corporate coffee joint, don’t forget he’ll set out a little tip can on the corner of the table in case anyone feels led-of-the-Lord to donate in passing.
News flash: in expectation of becoming a felon, Casey interviews one! Instead. Of. Running. Like. Hell.
Mind you, I don’t think running/country fleeing/extradition-avoidance would work, (and it’s damn sure unlikely that this kid would have the saavy and think-on-your-feet decisiveness to pull it off) …and it’s certain that he can’t run; the addiction to attention has the same pull as his other addictions/neuroses.
(Maybe that attention addiction is not too unlike us (read: me) who just love to post and relish in the company and adulation of like-minded strangers–and for the sheer joy of creating something.)
>
Next up: DEBATE: “Has Casey Serin finally ‘Jumped the Shark’ with this latest post?”
*
GaGa
November 30th, 2006 at 8:19 am
Are you spending any time and energy on your properties, foreclosure, BK, your job, etc.???
*
Wait a Minute
November 30th, 2006 at 8:29 am
Maybe he will agree to loan you $50,000 , as you can guarantee him a 24% return. That or perhaps he will send you a dollar if you give him a copy of that chain letter.
Casey= lonleygirl part deux.
*
Love Advertising
November 30th, 2006 at 8:30 am
I love the google ads can you add some more after every other word.
Signed,
I love ads
*
Cow_tipping
November 30th, 2006 at 8:33 am
Yes more exposure and plastering your face on national TV is the best idea. Pretty soon … you’d be instantly recognisable anywhere in the world, and completely un employable even in the most liberal of the IT companies.
Remember what you did, robbed people out of their savings, and hurt the real estate for everyone that owns or ever hopes to own anything.
Cool.
Cow_tipping.
*
fijirobe
November 30th, 2006 at 8:35 am
Matthew Bevan Cox, learn the name Casey you two can be cell mates and poster boys for mortgage fraud
*
Nigel Swaby
November 30th, 2006 at 8:51 am
Casey,
Congratulations on the TV media bit. I’m interested in seeing it.
I hope your interview with Mr. Mayne goes well too. Whether you like it or not, you’re turning into an Internet celebrity. I hope you can maximize that to your benefit.
One more thing, new economic numbers are showing that real estate is more likely to have a soft landing.
Maybe if you can hold the wolves off for a few more months you’ll get out of this!
Nigel
*
Joe
November 30th, 2006 at 8:54 am
Actually, this guy is really good. He speaks to large companies all around the world. This is one guy Casey should actually listen to. Forget what Robert “Rich Dad” said, forget what other investment gurus said and listen to this guy. This is one guy who’s been in your shoes and has felt the repercussions of fraud.
Listen to him, do what he says. Forget your guru pep talks and smarten up.
*
wikifortune.com
November 30th, 2006 at 8:57 am
Casey, learn from your experience, learn from the man who faced mortage fraud consequences.
I think you’ll be fine, but the important thing is learning and moving forwards towards a better future.
Wish you the best of luck.
*
Big Cheese
November 30th, 2006 at 9:08 am
Wow- Anon was right, you will do a pod cast. Nice!
Casey, ask him about his prison experience and what the conditions were like (how many guys named Bubba, etc).
You keep building momentum on this site. You really have some crazy talent kid.
Big Cheese
*
Bubba_Is_Saved
November 30th, 2006 at 9:11 am
Yes, God be with you.
*
help u out
November 30th, 2006 at 9:12 am
Hey Casey, open an account at prosper.com and I’ll loan you money. Check it out.
*
Richie Tatum
November 30th, 2006 at 9:14 am
Hi Casey,
The world needs more people flipping houses. Just think, if everyone flipped a house, then all of the crappy-looking houses would be fixed up. Now, that’s a more beautiful America! Making a more perfect nation, one flip at a time. That’s what we’re trying to do at FlipperNation.com.
Looking forward to the interview…
Richie
*
jeff Emig
November 30th, 2006 at 9:18 am
You need to be talking to people like OJ who did not go to jail, not someone that did? Another bad choice?
www.ELTOROENERGY.com
*
Sprezzatura
November 30th, 2006 at 9:30 am
It’s just like Kevin Mitnick getting out of jail and getting a job as a computer security expert.
The theory is, the fox knows best how to guard the hen house. I suppose in some ways that’s even true. But it’s also putting a lot of trust into someone who is not necessarily worthy of trust.
For example, would you trust Casey to be able to bird-dog a profitable property? His track record to date is not exactly inspiring.
*
Big Cheese
November 30th, 2006 at 9:37 am
Just for grins I checked out the site and looked at one of Jerome’s articles…. top 10 reasons to commit fraud. Here it is below:
Top 10 Reasons to Commit Fraud
By Jerome Mayne
10. You wanted some time to mull over a career change.
9. You always thought you’d look great in an orange jump-suit.
8. Wanted to see just how bad Martha Stewart really had it.
7. Won’t have to worry about buying Christmas presents for your pesky kids.
6. Wanted to sharpen up your fighting skills.
5. You were just sick and tired of voting anyway.
4. You wanted to see if that escape plan you dreamed up would really work.
3. Wanted your mom to drive 300 miles to visit you for a change.
2. Thought it might be kind of cute for your kids to call someone else Dad.
1. Always wanted a roommate named Bubba.
I find reason number 1 to be Hilarious! This can’t be a coincidence, can it?
What do you think Casey?
-Big Cheese
*
astounded reader
November 30th, 2006 at 9:41 am
Why are you wasting time do things that don’t help you get your financial situation straightened out? You’ve obviously invested time in finding this guy, securing call in lines, and then creating the podcast. This blog seems more and more fake all the time. At this point it’s impossible to tell what angle you are working, but repaying your lenders is not one of them.
Let’s see if I can guess how you are going to play this. You’ll make very minimal effort into actually doing anything productive and instead pour time and resources in the blog/podcast crap. You’ll ride it for the next several months as you tell tales of how each house is eventually foreclosed on. At some point you may or may not declare bankruptcy (it will depend on what gets you more publicity) and eventually try and parlay the whole thing into a book of some sort.
*
Jobu
November 30th, 2006 at 9:54 am
Instead of bringing in this guy, why not just have a conversation with yourself?
Casey Interviewer: So Casey, how did you first get into this mess?
Casey The Mortgage Felon: Well, Casey, let me tell you. I was high on Jamba Juice and Starbucks and could not go to sleep so I turned on some late night tv.
Casey Interviewer: Uh Oh, I see trouble coming.
Casey The Mortgage Felon: Hold on, let me explain. They were talking about all these sweet deals and so I said to myself, Casey, you can do it too.
Casey Interviewer: So what went so horribly wrong?
Casey The Mortgage Felon: Nothing really, beyond bad timing. That’s all it was.
Casey Interviewer: Come on Casey, come clean with your homey.
Casey The Mortgage Felon: Really, I mean it. I’ve got a few new books to read and I’m working on some things to be revealed in a new blog entry coming up. You’ll see. Things will do an about face. All is not loost yet. I’m just hanging lose, waiting to see what my recent fast will return to me in the form of many blessings.
Casey Interviewer: Well readers, there you have it. Stay tuned. And be sure to visit our sponsers. Get yourself a latte or a juice. Don’t forget the Chicken Alfredo.
Bartender, Jobu needs a refill.
*
The Unwelcome Guest
November 30th, 2006 at 10:19 am
Why are you wasting your time on this?
Why aren’t you hiring that BK lawyer?
Can you blog from prison?
*
Mike
November 30th, 2006 at 10:24 am
I can’t figure out if Casey is completely insane, or running an elaborate scam on the rest of us. Either way, this blog is like a slow-moving train wreck; I just can’t look away. I’ve never before seen such ongoing self-destructive denial…it’s almost pathological.
Casey: if this blog is for real, the best piece of advice anyone can give you is to get yourself into some kind of therapy…with medication. I don’t know what’s wrong with you, but behavior like this has to be the result of some kind of mental illness. If the blog is a fake, then it’s well done.
*
speechless
November 30th, 2006 at 10:44 am
You’ll be in good company with Jerome Mayne. What’s next? Casey’s book “IF I lied on my loan applications” ???
*
KruziTürkn
November 30th, 2006 at 11:05 am
CNN Reports: Bus rolls over in Sacramento. I hope Casey wasn’t on the bus or under it with his POS Jetta. All the fun would end then…
*
Michael Bradford
November 30th, 2006 at 11:18 am
Needless to say, you are in a lot of trouble young man. Have you spoken to God about this? I hope all works out for you and your wife as well as your financial situation. Thanks for opening your life up to the world and spreading your story for all to see.
Remember, “This too shall pass”
Good luck and God bless your family.
Michael
*
Jerry
November 30th, 2006 at 11:19 am
Man, Casey, you are so entertaining!
This is a much better reality show than the one with Paris Hilton and the other slut. I can’t wait to find out what happens at the end!!!
*
Tony Satterwhite
November 30th, 2006 at 11:20 am
Hey dude,
I went to school with your wife. Looks like u r in a pickle.
Good luck
Tony
*
Loan Runner
November 30th, 2006 at 11:41 am
“Will I be going to jail for mortgage fraud?”
Unfortunately I will have to say “yes.”
Lying on a mortgage application is a federal offense; in other words the banks money is insured by the federal government….scary.
Now, the thing is that most of the time, a bank will not know that there are parts of the application that “fudged”…stated income, stated employment, no doc and no-ratio loan programs are perfect candidates for fraudulent activities..but banks have so many loans in their portfolio that they
aren’t going to dedicate the time and effort (money) to investigate every single loan..too costly and for what reason?
So, many people are able to get away with this, especially if they own on home and aren’t “investors.” Now, in your case…you have brought swarms of media attention to your
blog, thus starting the process of researching your applications. On your mortgage apps, their should be a line above the signature page that notes there are criminal penalties for lying on your application..and you signed in acknowledgment of this.
So, what may happen is this attention brought on you has caused banks to begin their research. I’m sure no broker or loan officer responsible for giving you any of these loans will come forth, due to fear of being criminally prosecuted and banned from the mortgage industry as well. Once this hits the federal prosecutors,
the FBI will most likely go after the loan officers, brokers and possibly even employees of the lending company (Account executive, underwriters).
It’s really just a matter of time Casey… I still wish you the best of luck, but at this point your intentions with this blog aren’t clear anymore.
*
Republicans are funny
November 30th, 2006 at 11:57 am
I just want to know if Casey is a Republican or Democrat?
*
Mayhem
November 30th, 2006 at 12:14 pm
Oh good. Now Casey wants to be a celebrity. It’s bad enough that he defrauded individuals, lied to get loans and is too lazy to get a real job and contribute something to this world. Now he wants to be famous for, guess what, being a major screw up!
Maybe you can write a book similar to that ‘million little pieces’ author. “A million little foreclosures” has a nice ring to it.
But here is a question Casey. And I would like an honest answer: how do you see yourself in 5 years?
Do you think you will be a real estate mogul? Do you think you will come out of this unscathed and become the next Donald Trump? Will those around you abandon you or stay by your side? Are you expecting some kind of fame or special treatment for your situation just because of this blog? Is it the cowards way out by hoping your fame will allow you to plea down your case with the federal prosecutor?
Honestly, I would really like to know. So how about it Casey? The blog is yours.
*
HungryBear
November 30th, 2006 at 12:17 pm
It would be very difficult to win a criminal case againsta Casey, I think (even with his blog). Its not like he submitted forged W-2’s or fake ID’s. The lender simply asked him to state his income on a liar’s loan, and he overstated it. His attorney could argue that it was merely as estimate and the lenders knew that the income would be overstated (there are studies that prove the vast majority of these loans involve overstated income, and moreover they are commonly referred to as “Liars loans in such media as the Wall Street journal”. Defense Attorney Q1: If you were not expecting him to lie, why offer him a liar’s loan? Q2 Are you not aware that over 80% of borrowers who apply for liar’s loans overstate their income? You can’t tell me you are in the money lending business but you don’t even read the Wall Street Journal?
And as far as owner occupancy, well he is very impulsive suffers from ADHD, its a brain chemistry thing. One day he decides he is going to move to Dallas and buys a house there. 12 hours later changes his mind and decides to move to Albuquerque instead & buys a house there. Then 12 hours later talks to his wife and decides they need to stay in Calif, to be close to family so he buys a house in Modesto… Reasonable doubt…
*
the dealers advocate
November 30th, 2006 at 12:29 pm
Casey,
You need that 50 grand, for lawyers dude… Get yourself seperate lawyer for bk proceedings and criminal charges. Give them 20 k each. (if they only want a 5 k retainer, the’re not good enough for your situation). With a little luck and a bad ass legal team, you can walk away from this whole mess. Move into one of the houses (you may just be able to save one) Use the remaining 10 k for rims for a new Navigator. (Ford dosen’t care what your FICO is)
Keep Ballin
*
Damon
November 30th, 2006 at 12:46 pm
We do delight in others failures dont we.
*
Happy Holidays
November 30th, 2006 at 1:04 pm
What ever happened to trust……. You and the many others like you are one of the reason so many of these mortgage companies are going out of business or being bought for pennies on the dollar. Yeah, maybe they should have done more research on your loan applications but with that said, think of all the people no longer employed, during the holidays, because of this abuse. I have no sympathy for you and hope they throw the book at you for your get rich quick scheme. On a positive note all the monies donated, I hope none, to your fraudulent and abusive failure should be in turn given to all these out of work employees…… consider that.
*
Barry Minkow
November 30th, 2006 at 1:52 pm
What is this some sorta freakin’ white-collar-crime-a-palooza! That was my gig! Where’s my agent!?!
*
Mortgage Center
November 30th, 2006 at 2:03 pm
links from Technoratireceived a 21 month prison sentence for his participation in a mortgage fraud conspiracy. He is now President of Fraudcon, Inc. (www.Fraudcon.com). Jerome is “a national public speaker and author on real estate and mortgage fraud and … Full note: By Casey Serin
*
Report Fraud
November 30th, 2006 at 2:09 pm
Casey,
What creative ideas did Jerome Mayne offer when he dropped the soap while in Jail?
*
Blah
November 30th, 2006 at 3:40 pm
Can you do some breakdancing gigs for money?
*
Ms. Marple
November 30th, 2006 at 3:58 pm
Is this ‘podcast’ thing that you speak of some sort of video programme?
If so, can you take off each other’s shirt at the start? You know, get a little cosy.
I will pay money for this.
*
Democrats Are Funnier
November 30th, 2006 at 4:20 pm
I just want to know if Casey is a Republican or Democrat?
Casey is a LOOSER
*
Nicole
November 30th, 2006 at 5:01 pm
Jerry,
I am not a slut, but Paris is a whore.
*
lhcbrad
November 30th, 2006 at 5:01 pm
Casey you might still have time to have a few prototype Casey dolls made and be sure to bring them on the morning show. Just think at $20 each you might be able to save a house or two. Its worth a shot.Nothing else has worked.
*
TOo FUnNy
November 30th, 2006 at 5:14 pm
I am not digging this latest story, Casey. Your writers sure dropped the ball here, pally. I would suggest that for tomorrow’s post, you interview a psychic- like Ms. Cleo- and ask her to forecast your future. Put in some real juicy stuff, like you fight off a life threatening disease, or your wife gets pregnant, or your in laws have posioned you with the same readioactive pill that killed the Russian spy in London, and you need $50,000 for the antidote. Overall, I give today’s storyline a 4 out of 10. Better luck tomorrow.
*
Bryan
November 30th, 2006 at 5:16 pm
Alan Smithee (aka gt):
Did you see our boy Casey on the small screen today? Why no comments?
One of my friends called me to say Casey has a very nice mouth, and that he looks forward to meeting him, up close and personal, at the Federal Correctional Institution, Dublin. (Club Fed)
Your post of today lacks connection to current events, like it was forced. The long-winded, rambling piece reminds me of the current article by Thomas G. Casey, S.J. in “America, The National Catholic Weekly.” (That’s not you, is it?) Just because you CAN string words together doesn’t mean you should.
Nigel Swaby:
Thanks for the upbeat link … I’m not sure the Central Valley of California (Sacramento and Modesto, specifically) will land and bounce as softly as other parts of the country, like SLC. I say this because parts of California have experienced some unbelievable growth in the last 3-5 years, and giving some of it back has got to be expected. The SLC area should continue to do well, though.
Casey: Can you ask Nigel to transcribe next week’s conversation with Jerome Mayne? I’m sure the Sacramento DA’s office will appreciate it. They are so over budget these days, and it’s time you consider giving something back to the tax payers of your county.
*
Las vegas foreclosure
November 30th, 2006 at 5:17 pm
links from Technorati Original post: Conversation With A Mortgage Felon - Live Podcast Next Wednesday by at Google Blog Search: mortgage foreclosure Blog tag: Las vegas foreclosure Technorati tag: Las vegas foreclosure
*
Alan Smithee (aka gt)
November 30th, 2006 at 6:02 pm
Bryan: Perceptive, accurate comment. Thanks for the thump, truly.
As the writer you mention teaches philosophy, I suppose he for one has earned the right to ramble.
I myself, am pretty far from being that individual. :)
Missed the TV spot. It would have been painful.
*
The Ghost Of BK Present
November 30th, 2006 at 6:05 pm
“Killing yourself is a major commitment, it takes a kind of courage. Most people just lead lives of cowardly desperation. Its kinda half suicide where you just dull yourself with substances” - Robert Crumb
Pay close attention. You can actually learn something from this guy Casey. I have always heard that the first year is the hardest. Perhaps you can pass the time by playing Kiyo’s CashFlow 101 game for cigarettes with your new ‘roommate’ Bubba.
Beats lifting weights ;)
*
dumb da dum dumb
November 30th, 2006 at 6:25 pm
http://money.cnn.com/2006/11/2...../index.htm
Spitzer pursues Brooklyn mortgage fraud
NY attorney general says mortgage fraud ring ruined credit of minority homebuyers while profiting handsomely from scam.
whos your ’spitzer’??
*
nagger
November 30th, 2006 at 6:47 pm
I think you should borrow at least $250,000 to flip several more houses. With the popularity you received, I’m sure you can make millions. ;-)
*
dumb da dum dumb
November 30th, 2006 at 6:49 pm
http://articles.moneycentral.m.....state.aspx
Nothing quick about getting rich with real estate
A real estate seminar promoter promised to create 1,000 new millionaires, but so far none are in sight. See what happened to his believers.
By MP Dunleavey
(a sample….)
Like a lot of people these days, Marjorie Stark wouldn’t mind making a little extra cash — or even a lot of it. So when she attended an information session for Robert Allen’s “Creating Wealth Through Real Estate” seminar in New York, she was more than willing to pay $2,495 for Allen’s intensive three-day course on real estate investment strategies.
Concerned about not having enough to retire on and wanting to pass along some wealth to her kids some day, the 62-year-old New York City educator said to me then: “I am convinced that real estate is the way to go.”
I was there that night, too, and I could scarcely resist the mouth-watering idea that those three days could make me rich. As the guy leading the session announced: “We are on a mission to create 1,000 new millionaires in 12 months!”
A year later, Stark isn’t any closer to being a millionaire. She hasn’t bought any new property nor made any money on real estate — except for the rental property she owned before and bought “the hard way” (with cash and bank loans). She even admitted that when she saw Robert Allen’s newest venture was in vitamin sales, “I thought I was going to puke. I was very disillusioned.”
CASEY!!! SELL VITAMINS!
& branded BLUE YOGA BALLS!
i can see it now!
http://infomercial.tvheaven.com/
you
*
dumb da dum dumb
November 30th, 2006 at 6:53 pm
OH GOD I SHOULD HAVE POSTED THE WHOLE ARTICLE….
CASEY!! isnt it obvious, look at this paragraph!!!!!!!!!!!!
AND YOU STILL KEEP TOUTING THESE “GURUS!”
Despite all that, the Robert Allen Institute still conducts two or three seminars a week in different cities and says it reaches about 1,200 people each month. (That’s 1,200 x $2,495 = $2.99 million a month, in case you left your calculator home.)
Allen is just one of dozens of artful salesmen who preach fancy financing, “no money down,” flipping properties quickly and numerous other strategies to get rich buying and selling real estate.
*
nagger
November 30th, 2006 at 6:54 pm
Casey, you should rewrite your “About” to this:
“Casey Serin is a 24-year-old stupid real estate loser from Sacramento CA. After going to a few seminars, his sorry-ass bought 8 houses in 8 months in 4 states with loan frauds, looking to go to jail. He made some life-changing mistakes and ran out of luck. Now he is millions in debt, facing foreclosure on 4 houses, look at jail times and losing the wife. He is bitching his lies and dumb-ass mistakes online to try to earn some clicks. Your constructive comments are kindly ignored!”
*
dumb da dum dumb
November 30th, 2006 at 6:58 pm
OH MY GOD!
HAHHA CASEY THATS YOU!!! LOOKING AT RE AS $$$$$$$$$$$$$$$$$$$$$$
no mater how much you lose or loose!
the next one
the next one
the next one will make me rich
…………
Ultimately, the project bogged down because of a major zoning problem. The building was in an area zoned for three apartments, and the building had been illegally converted into five apartments. The zoning authorities refused to grant an exception to the rules. Then, the building owner refused to return their deposit. The three were out $35,000.
Still, Kelinson doesn’t feel misled or duped by the Sheets method, and he and his friends are sure they can make it work with their next deal. “There are a lot of other things out there that are scams, but this definitely can be done,” he says.
*
dumb da dum dumb
November 30th, 2006 at 6:59 pm
OH MY GOD,,i really should post the whole article but it certainly applies to you CASEY!!!
…..
Most of these courses are so seductive, Farrell says, because they operate according to a tried-and-true principle of behavioral psychology called the variable ratio reinforcement schedule. Basically, people (and rats) will persist in doing something, even with little or no return, if they are given the tiniest bit of hope of a coming reward.
*
Crashlander
November 30th, 2006 at 7:44 pm
** BREAKING NEWS **
Copyright 2006 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.
Robert Kiyosaki and Casey Serin from ‘IamFacingTheFword.com’ team up to present a new Fablous Wealth Building Seminar.
The seminar is called ‘RICH DEAD, POOR DEAD’ and Kiyosaki will be challeneling the spirits of the wealthy deceased to answer and any all questions from seminar attendees regarding investments and real estate. Long lost get rich quick secrets from the ancient past can be yours for the small fee of $4000 for this all day event. The late Charles Ponzi himself will be the first spirit to visit and answer questions.
The only payments to be accepted are cash, checks, pink slips, credit cards, jewelry, firearms, used cars, furniture, credit, money orders, casino gaming chips, and OUI’s only please.
Church of Scientology members half price. Availability limited to first 300 million respondents.
*
GRRREAT IDEA
November 30th, 2006 at 7:53 pm
Fantastic move, Casey. You are already up to your a** in legal problems, so why not get the ex-felon to advise you on creative ways to expand your capital base and find your fortune in the RE game. Looks like he did it for four years before the FBI called up for an appointment, so you have some years left to work the game and perhaps dig out of your mess. Millions of dollars worth of houses are still moving on the market, and you are shut out of the action because you are preoccupied with your headaches. I bet that really pis*** you off.
*
Swaheet Rimz
November 30th, 2006 at 8:03 pm
Oh please, the odds of Casey going to prison are between slim and none. Yes, there are lots of stories surfacing about people getting nailed, but they are people who actually conspired on a much larger scale to defraud the banks using forgeries, fake corporations, etc., not solely by overstating their income. The D.A. will have a hard time making the case that Casey premeditatively intended to rip off the banks unless there’s a statute against premeditated stupidity that I’m not aware of.
And the publicity of this blog cuts both ways. Look at the number of “ease up on Casey, he was just young and dumb” comments on this blog. If a couple of jury members have those same opinions, the D.A. just wasted his time. Besides, look at the punishments that the people who are being convicted have been getting. I read an article today where a guy much worse than Casey got one year house arrest and a few years of probation.
The only thing that I think he needs to fear is the fact that he obtained so many loans in such a short period of time. A juror will probably be willing to overlook overstating your income on a loan, but probably not 8 times in 6 months or whatever. That does seem premeditated. Regardless, even if he were convicted, similar cases indicate that Casey’s posterior will remain Bubba-free.
However, it’s a given at this point that Casey is eventually going to file bankruptcy, and I really hope that the BK judge does not release Casey from his fraudulently aquired debt. I don’t blame Casey solely for the junk that’s been happening in the housing market, but he is part of the problem. He knew he was gaming the system and could be caught with his pants down. Don’t get me wrong, I’ve got no love for the banks, but people like Casey should have to pay the piper. Because after all, it’s ultimately not the banks being screwed but every one of us who pay our taxes and don’t game the system.
In summary, I think pursuing incarceration in this case is a waste of time and money. Pursuing restitution is not. Real estate should not be a way for lazy unethical people to get rich.
Lastly, I admit I’m a legal retard, so if the crimes here don’t require a trial by jury, then disregard my entire argument. But if they do, then I think you can forget about ever seeing Casey behind bars.
*
Vague Guru
November 30th, 2006 at 8:14 pm
Admittedly their crimes were much different, but Casey is as big a scum as OJ. He is trying to profit from the crimes he has committed.
How much of the money from this blog goes to paying back those dirty little pennies? None.
How much money is Casey actually getting from Jerome Mayne and Landmark Properties to be featured in his blog? Who knows?
I hear by call for a boycott of every advertiser, who advertises on this blog, and helps support criminals.
Do not click on any of the ads. Make it a point of telling all of your friends that the companies that advertise on this are as big as scum as Casey, and are helping fund his criminal activities.
*
GaGa
November 30th, 2006 at 8:17 pm
Casey - you’re using the wrong term. This is not a podcast. A podcast is something you can download and listen to later on a mobile device or PC.
“…a podcast is distinguished from other digital audio formats by its ability to be downloaded automatically using software capable of reading feed formats such as RSS or Atom.”
Now, if you record your live talk and make it available for download for later ‘offline’ listening, then THAT’s a podcast.
BTW, keep yourself abreast of technology and terminology - you and RE are clearly not a match. Make sure you can fall back on your technical skills.
*
yneone
November 30th, 2006 at 8:20 pm
How can anyone compare Casey’s situation to OJs? Are you kidding me? OJ had the money to pay for the best attorney’s money could buy. Although, I’m sure that there are some high-profile attorney’s that would gladly help for the exposure alone. Here’s another spin Casey. Contact a well known lawyer preferrably one that has worked with other celebrities…get them to represent you in every capacity. They’ll do it! and you’ll get the exposure you desire and hopefully the help to get you outta this mess.
*
The Learning Curve by Muckdog
November 30th, 2006 at 8:28 pm
links from Technorati entry. I think you’ll like it for a couple of the same reasons I do.Popcorn for lunch? I like mine slightly burnt. Not too much. Medium-well, if you will.Casey is planning on a podcast next week: Conversation with a mortgage felon.I’m feeling much better as the day goes on. Woo! I think I’ll head back in the office… tomorrow.From Blame Bush! Can the Black Community Survive Hurricane Kramer?Pretty impressive move by the markets this afternoon, by the way.
*
Big Cheese
November 30th, 2006 at 8:55 pm
Dumb da dum dumb- is that name supposed to be sung to the tune of Final Jeopardy?
Jobu- the Casey on Casey interview was a real gem. Nice work, very funny.
Alan Smithee- you are clever, true enough. But the first post was way over the top (OTT). Maybe you should follow Casey and have a fast followed by a couple of Jamba Juice enemas. I’m sure your writing will become more to the point then. (Sorry about the harshness.)
-Big Cheese
*
Forsaken
November 30th, 2006 at 9:26 pm
“…a podcast is distinguished from other digital audio formats by its ability to be downloaded automatically using software capable of reading feed formats such as RSS or Atom.”
“Now, if you record your live talk and make it available for download for later ‘offline’ listening, then THAT’s a podcast.”
It’s a live radio show then a podcast.
*
Big Cheese
November 30th, 2006 at 9:40 pm
Hmm- Casey under house arrest would be pretty sweet. Because he actually has several houses and he could continue to Bird Dog and update the blog quite frequently.
We could also get some insight into a lighter side of our crime and punishment system. This blog hasn’t even come close to jumping the shark!
Casey, my only request is can you moderate the comments a bit faster so that we can get a faster exchange among commenters. I don’t know how much garbage you are getting that has to be filtered but if you are doing this via blackberry it should go by fast.
One more thing Casey- how did you get the money to get that Blackberry? Can you comment quickly on this?
Big Cheese
*
Vague Guru
November 30th, 2006 at 10:13 pm
yneone - “How can anyone compare Casey’s situation to OJs?”
Easy, I can. They both tried to profit from their criminal activity.
What part of that don’t you understand? It has nothing to do with being able to afford high priced attorneys. Did you read my post? Or are you as thick as Casey?
I’m not trying to say their crimes are in anyway equal. I’m saying they are both trying cash in on their criminal behavior, as OJ did when he signed the book deal.
*
Les
November 30th, 2006 at 10:32 pm
Casey
It appears Jerome is the only decision you’ve made - in advance - without changing your mind. But alas, there still is time between now and next Wednesday to waver over this, ride the roller coaster by conferring then canceling the pod cast three or four times in the next five days.
Is Jerome charging you for his time for the interview/pod cast? Or, is he doing this out of the goodness of his heart?
Have you signed a contract with him?
For a guy who makes poor and impulsive decisions, this interview seems very calculated, thought out and well planned….. Not the typical behavior of the ADHD/Manic individual we’ve come to know and love these past couple of months…..
“Who is the real Casey?” I ask. An impulsive kid? Or, are you a master manipulator who found himself in hot water due to poor timing?
I’m beginning to think that you are an even larger fraud. Perhaps you’ve set up the blog as a means of creating an “insanity” defense……
If someone can get 7 years for killing the Mayor of San Francisco on a “twinkee” defense, you could certainly get a “manic/jamba juice/starbucks” excuse for any charges that may result from your “liar loans” and other deceptive practices.
Regardless - I can’t imagine anyone trusting you with any position of responsibility in RE or any other business enterprise. I certainly wouldn’t want you involved in financial end of any business. First, I couldn’t trust you to do an actual “honest” day’s work. Second, if you had access to any money (even petty cash) you’d misuse it and lie later.
STOP doing interviews. FOCUS on the big picture - eliminating the debt and taking responsibility for your actions. I don’t want to hear or know about your 15 minutes of fame – I don’t want to hear how you are going to “borrow” yet more money in an attempt to get out of this mess. I want to know your plan for ridding yourself of the $2.2 million noose around your neck – I want to know how you settle with the lenders on the remaining properties. I want to know how you are going to pay back the unsecured debts and credit card bills. How are you going repay your friends/family for the loans and advances they’ve given you???
Are we, the readers of your blog, being scammed? How much are you getting from the “tip” jar? How much are you getting from the “link clicks”?
See, I’m loosing all sympathy for you and your situation. You’ve taken no accountability for your actions.
This is what I want to be reading:
Hi everyone, sorry I’ve not posted lately. Realizing I wasn’t making any money from the “get rich quick” schemes, I’ve gotten three jobs. First, my wife and I get up every morning at 4:00 a.m. and deliver newspapers. Once I’m done (about 7:00 a.m.) I head over to my next job, where I’m doing web development for XYZ company. I work that job from 8:00 a.m. to 5:00 p.m. Then, starting at 6:00 p.m. I do a four hour shift at McDonalds. On Saturday and Sunday, since I’m not needed at the office for my web job, I work two four-hour shifts at McDonalds. My wife is working hard too…. She’s gotten a job a the local dry cleaners and is also picking up shifts at McDonalds. We’re only getting about four to five hours of sleep a night – but that’s okay because we got ourselves into this mess and we’re working to make things right with all the lenders, banks, credit card companies, family and friends for the money that is owed.
Here’s how we’re doing it: All of our paper route and McDonald’s earnings is going towards our credit card bills. The dry cleaner’s job my wife has is paying our living expenses (rent, food, gas) while my web earnings is going towards that huge “unsecured” debt that has been piling up. Sure, it’s tough to live off of my wife’s dry cleaning earnings – it’s just a little over minimum wage – but we’ve cut back on our expenses – no cable tv, no cell phones, no DSL or dial-up service (I’m sending this from a WIFI at the local library). We don’t eat out at all — we buy our food at the local Outlet Food Store and Trader Joe’s… Two Buck Chuck is our only splurge – and it’s not that bad.
BTW – I found the library to be a great place. My wife and I both got cards and are now reading “personal finance for dummies” and “the idiot’s guide to repaying debt.”
Based upon our current earnings and reduced spending habits, we estimate having the debts paid of in 12 years.
Talk to you soon
Casey
We’ll, that’s what I want to read. However, I heard the weather report for Hell is hot and humid.
*
Voice of Reason
November 30th, 2006 at 10:49 pm
There have been a lot of posts here asserting that Casey’s stated income lies on his load applications constitute fraud on the order that warrant jail time. Now, it is true that his lies were unethical and technically illegal, and I certainly don’t have much sympathy for him or anyone else in his situation.
But, there is a lot more to a system within which a Casey Serin is able to easily take out a couple of million dollars in loans with little more than a few pen strokes.
If fraud has indeed been committed here there are a lot more perpetrators involved than just Casey. In fact, a close look at the RE loan disbursement business will show that, in the bigger picture, Casey is little more than a bit player.
Why would any lender offer loans for which no proof of income is required? If a borrower does indeed have the income s/he claims to have they should have no trouble producing documentation to support this claim. If they don’t qualify for the requested loan amount given their actual income, that should be the the end of that application.
It would seem obvious to the most casual observer that the only reason a lender would offer stated income/no doc loans is to allow, in fact, _invite_ lies, with the lender’s tacit approval, because in return he can tack on a couple of extra points on that loan. The originating lender, and those who subsequently buy these loans, have a calculated expectation of lies and resulting payment failures built into this type of loan structure, as well as the resulting expanded customer base and the additional revenue. Similarly, the PMIs have built the risk into their premiums.
A “stated income” loan is a bank’s way of saying “for a rate premium I’ll look the other way while you put down lies on your application”. Why would *anyone* be willing to pay a higher rate for a loan if they could prove they actually had the income they claim to have and get the same loan amount at a favorable rate?
Of course to keep up appearances, any time such a loan defaults the lender is SHOCKED, SHOCKED, that someone would actually lie about their income, just as the bar owner in Casablanca was SHOCKED, SHOCKED that there was gambling going on at his establishment when the police raided the place.
It’s a game consisting of numerous players, from the mortgage brokers to the network of lenders to the insurance companies to the RE agents to the flippers to the “investors” and speculators and buyers, and of course, to the biggest player of all, the Federal Reserve. Everyone knows it’s a rigged game; everyone knows it’s on the wrong side of the law, and everyone plays. Ironically, in this twisted and corrupt game, when there are defaults on these loans, it’s not any of the major players (banks, PMIs, etc.) who pay, it’s really only the buyers and borrowers who will be be joining the game afterward, i.e. the suckers. The banks have little incentive to prosecute offenders since, after all, they’re the ones who are running the rigged game. The bottom line is they offer liar loans not out of the goodness of their heart or their faith in mankind, but because THEY MAKE MONEY ON THEM, pure and simple. Banks are not charities and they are seldom victims.
I seriously doubt Casey will do any jail time over this. There are thousands of Caseys out there and none of them have or will do any jail time for liar loans either, otherwise a lot more prisons will have to be built. Only, these guys don’t braodcast their dirty laundrey and keep a much lower profile.
If Casey ever does end up doing time for his loan application lies it will be because of the high profile he has gained and will be gaining. It will be because of the scandal factor that some law enforcement agent or politician will be compelled to deal with to make an example and give the appearance that laws are being enforced.
In this respect, liar loan applicants are no different than illegal immigrants and the companies that hire them. Believe it or not, there are laws against hiring of illegal immigrants. How often are these laws enforced?
*
Free Advice
November 30th, 2006 at 10:52 pm
I hear by call for a boycott of every advertiser, who advertises on this blog, and helps support criminals.
Wow … E-Loan must be quivering in fear.
Did you know that E-Loan doesn’t allow cash-out refinance in Texas?
I just found that out by clicking on the ad.
*
Nigel Swaby
November 30th, 2006 at 11:13 pm
Ummm,
Casey,
You should really go back to the 1st person perspective in your bio in the “About” box. 3rd person makes you sound self-important.
I saw your bit on CNBC. Hopefully something good comes from it. I’ve noticed more hits on my blog coming from Google searches on you.
Take care.
*
Comrade
December 1st, 2006 at 12:36 am
Casey - You are a Genius… Are there any courses I can take to become like you? Cause man, you are GENIUS!
*
Time Will Tell (fake)
December 1st, 2006 at 12:38 am
Richie Tatum
November 30th, 2006 at 9:14 am
…if everyone flipped a house, then all of the crappy-looking houses would be fixed up.
Great idea. How about that Larchmont house. That’s really beautified Amurka.
*
Time Will Tell (fake)
December 1st, 2006 at 1:05 am
In case you have not figgered it out, Casey is not interested in selling the homes or paying back the loans. He might have been when he started his blog, but since that time he’s found that fame (notoriety?) is much more fun for him. He knows his RE career and finaince is much worse shapr than his Larchmont house. This provides him with the attemtion he requires. He’s gotta keep it going.
Imagine going to a BBQ with Casey when he was in his early flipping career (May?). All you would have heard about was how great he was doing and all the money he was going to make and how his next flip was going to make him a bundle and that he was on easy street.
What a crushing blow to see all his RE investing plans go up in smoke. Ego sags and goes slack. All those adoring, jealous ‘fans’ turning away. Promises made to his wife up in smoke. Future dashed on the rocks of reality and common sense.
In a moment of lucidity, Casey figures he can use his web skills to find some buyers! But what actually happens? The haters come out and Casey is a star! RK wants to meet him, Prlinkbitch wants his story, east coast mentors want to help him, networks and newspapers want to share his story, felons want to do a wrap around with him. RE is forgotten, it’s just a road to the ultimate prize - Stardom and adulation.
The ego can’t sustain another blow! If he capitulates and files BK, we all walk away - no more story. If he takes sensible advice, he becomes boring - no more story. If he sells his homes, he becomes boring - no more story.
One day he’s going to jump the shark and that’ll be the end of the blog, and of his ego.
In the 1940’s there was a faux quiz show called “It Pays to be Ignorant” Everyone tries to be as stupid as possible. The more stupid they are, the more money they earn. If it was still on, Casey would have earned his $50k, easy.
analysis off
Or this blog could be an elaborate fake.
*
Zack
December 1st, 2006 at 2:03 am
“Run OJ! Run!”
*
Zack
December 1st, 2006 at 2:17 am
All Joking Aside….
I’ve noticed a very positive feel from most of your entries. Staying positive is your only solution.
Ignore the nay sayers out there. And there are a lot of them on this blog.
Trust me there are a lot of people pulling for you. I know you will have a positive outcome from all of this.
*
aRt
December 1st, 2006 at 2:34 am
*I just want to know if Casey is a Republican or Democrat?*
It REALLY doesn’t matter, does it?…… the Republican or Democrat system is based on the Divide and Conquer aspect of life.
While you and your peers are distracted and divided by fighting over which party is right (”My dad is better/stronger than Your dad”), political parties TAKE money from your pockets and purses.
I should know…I’m a successful politician.
*
fijirobe
December 1st, 2006 at 5:23 am
To Free Advice
many companies do not do cash out refinances in Texas, it is a pain in the ass to get the license. Texas being the wonderful isolationist state that it is has the most antiquated laws regarding mortgages, that was why Casey probably had a hard money lender. It is next to impossible to refi with cash out there(to protect people from overdoing it), but they begin the forclosure process much quicker than any other state
*
CM SE
December 1st, 2006 at 5:37 am
I agree with Nigel; use the first person in your about box lest you loose any sympathy readers might have had. (Please note the correct use of “loose” as a verb as in “to release”.)
To gt: I adore your posts; don’t change a thing. Your pontificating, particularly pre-coffee, perks up Casey’s predominantly pitiable plight. In other words, I enjoy your writing; please don’t stop.
*
dumb da dum dumb
December 1st, 2006 at 5:47 am
on a side note.
dumb da dum dumb….is like the sound at the end of a scene or when something happens on one of those old crime shows….hmmm cant remember which…
everyone has a ‘tune’ stuck in their head…i think casey’s is the Law&Order one which starts at every new scene where the case finally reaches the courtroom…
you know they love to base & twist their stories on actual events, i garantee there will be a murder mystery / jamba juice / volkswagon / unsufficient funds / mortgage fraud episode….and you what casey they wont have to pay you a dime!!!
by the way when you purchased that car did you call it a
V-DUBS !!!???
*
VIRGIL DOYLE PIKE
December 1st, 2006 at 5:48 am
I have determined that casey is a member of the “Hiney Party”.
Thats where he will be getting it in prison.
*
Sputnik the Cat
December 1st, 2006 at 6:38 am
Yawn….
No mice to chase today, so I was re-reading some of Casey’s previous blog…and came across this:
“However, my primary intent was to buy and re-sell without ever moving into it. Which does NOT mean I didn’t have at least SOME intent to owner-occupy it.”
Aaack!! There’s more SH*T in that sentence than inside my litterbox!
Pet me.
S_t_C
*
Jobu
December 1st, 2006 at 7:10 am
Nigel, you are too hilarious. A ’soft landing’ is not going to help Casey. That’s like saying the other day’s run up in the Dow is going to help Enron.
Bartender, Jobu needs a refill.
*
Bryan
December 1st, 2006 at 7:25 am
To Casey and All:
Pray for me.
Over the next three days I will be attending a class on buying foreclosure properties. I will NOT have access to this blog, and so will be seriously stressed.
Because of my addiction to http://iamfacingforeclosure.com/ I expect irritability, anxiety, cold sweats, etc. I just hope I don’t have hallucinations, delusions or moments of efficacy.
At this hour (6AM) it is cold and dark in Northern California. My pulse is rising in anticipation of exposure to unknown dangers: fraud, perjury, deceit. And for another day, I confess, I have checked the blog before coffee.
Pray for me.
*
fijirobe
December 1st, 2006 at 7:35 am
To Voice of Reason
I have been in the mortgage business for sometime now in various capacities(sales, operations, funding). My current job has me investigating fraud on loans. Some of the stuff that I see makes Casey look like a Saint. Stated Income loans are not all bad. Many small business owners need them, many have good credit. Plus, you pay a premium for them with higher rate, points, etc. If I run a landscaping business, restauraunt, home improvement company, etc stated income deals are the only way you are going to qualify. The difference here is that Casey had NO Income, No job and thus no income to state. Every company that I have ever worked for that did stated income deals always required the borrower provide proof of business for 2 years(business license, business insurance, etc) The problem that I see with Casey and his loans is everything was a complete fabrication. All of his loans were surely done through a broker, and they probably cooked up some fake business documents to make him look legit. This is why I have continually said that Casey deserves jail for his crimes. This wasnt him just signing a 1003 about how much he makes, no mortgage company would use that as the only proof of income.
*
chucklet
December 1st, 2006 at 7:46 am
If he is trying to scam something here, he spent some cash to do it.
He is (or was) the owner as far as the Dallas County tax assesors office is concerned. The record indicates he bought it this year.
http://www.dallascad.org/AcctD.....2898000000
This is public info available on the Dallas Central Appraisal District website (www.dallascad.org)
*
chucklet
December 1st, 2006 at 7:50 am
Oh,yeah. He didn’t have to spend a dime. I forgot (stupid me) the no-down liar loan.
*
Free Advice
December 1st, 2006 at 8:13 am
yneone - “How can anyone compare Casey’s situation to OJs?”
Easy, I can. They both tried to profit from their criminal activity.
What part of that don’t you understand?
Vague Guru:
What part of our criminal justice system do you not understand? I’ll give you a hint. When the jury says “not guilty,” there’s no “criminal activity.”
No jury has yet sat in the matter of “People vs. Serin” and I doubt one ever will.
*
Granite Counter Flop
December 1st, 2006 at 8:24 am
Don’t bother Casey, the forest faeries you pray to are on their way to rescue you. Lah lah lah!
Your story has become stale and boring. The comments you are letting through suck. (one was just gibberish, with a link to some Psychotic Christian website) I’ll come back when you get arraigned.
*
John Law
December 1st, 2006 at 9:40 am
I think Casey should follow thr Dealers Advocate advice. Get the 50K (doesn’t matter how), lease the Navigator (blacl, of course), get the 22’s with spinners (sweet ride, ya know). That uses $10K. Take another $10K and get a really sweet grill (platinum and riamonds, you dig?).
That leaves $30K. Hmm, what to do with that? Zinc! Yeah, Zinc! ZINC! Z-I-N-C!! Get your sorry ass down to Scottrade (they have the best commssion structure for really active traders. Put the $30K in a new bank account cause Wells might get really pissed about the $~140K debt not being serviced with $30K smiling from the other side of the ledger. Next: Trade away.
You see it’s a little known secret (kept that way for all of these years) from the Tower Report that Cuba is sitting on a boatload of proven zinc reserves. Zinc is the 13th most sought after industrial metal. That’s good. Stays low on the radar, right? Now, ole Fidel, he ain’t feelin so purky right now is he? Stomach cancer, whatever. He’s near toast.
Now bro-man Raul, all these years as big Bro-man been keepin most a what the economy produces got some big ass balances in some pretty far away spots, see? So Raul’s feelin like, man, here’s my big chance. Fidel hits room temp and, like, I’m in with all the D-10′a and tractors and stuff I can find. Sell it to the china-man, sell it to that guy in Venezuela that got the hot temper. Sell it to anybody that gots to galvanize!
So, like in almost no time at all, Raul gonna line up contracts for zinc. I can’t beleive I’m lettin this all out, but, hey, I’m gonna make it big too.
So, Casy, with that sa-weet ride and that big ole grill, you gotta go by some other handle my man. Like “Hyphy-da-C”.
OK, so what you wanna do back at Scottrade is open up a commodities account. You wanna trade zinc. First, so you don’t raise eyebrows, just cross trade current contracts with either the euro or NZ Dollars (personally I like the NZ angle cause the coutry’s kinda small, and if you’re hedged correctly, you can create a liquidity squeeze and, like, BAM! get back somethin like $25,000 on a $1,000 play.
OK. see. Ya do that for a while, quietly stayin long, but keeping the down low on Fidel. It’ll be easy to see when he’s out, cause it’ll hit the news about some big speech or sumpin he gonna do in a little bit.
Be patient. Just sit on the sides (maybe day trade the Q’s if you got a jitter on).
Then, the instant you feel Fidel’s gon ta meet his maker, SHORT! SHORT! SHORT! the longest delivery you can find. You wanna be out 6, maybe 9 months. Then hold on.
(Hedge tip: buy the longest most outa the market LEAP on CAT, CUM TEX and DE - like 18 months, and be leveraged man) Ya see that way when the the heavy equipment order come in you’re like way positioned dude.
See, first, Raul, since he don’t have the Juice of Fidel is gonna hafta do it with that rinky dink equipment that’s still on the Island. But then, like in 3 month, he hits he payday and can order big, and I mean big!
If ya really think it’s gonna be a big boom, go for the HAL logistics play.
C’mon, I fasted for like 9 hours to come up with that (Tip: I started at 10 last night and finished my fast at 7 today)
Why the grill? Simple. You be smillin all the way to da bank you Hyphy-da-C!
Sweet
*
LI lurker
December 1st, 2006 at 9:43 am
Here’s a tip for you..
Buy a soap on a rope, you will need it in prison.
*
Craven Moorehead
December 1st, 2006 at 10:13 am
Casey. please do not listen to all of these peoples on hear who think u should bankruptcy. i think you are a genius this market will turn soon u will see.
U have great value and mind to make even more money. Do not beleve u r a looser you are a whiner.
And speling isn’t impotant. i am millonare and i don’t spel 2 good.
And to u barry Minkow…i am glad u are out of jail to clean more carpets thank you.
Craven
*
Chris Johnson
December 1st, 2006 at 10:25 am
“I hear by call for a boycott” of Strunk & White’s style manual! Some posters have the idea, but so many are still confined in their (there?) writing by an *inside the box* writing (righting?) mentality! Break lose from the chains what bind you! You can do it, with no money down! Really, no money down is your only alternative, because you’ve blown your savings on programs telling you how to do something with no money. Hmmmmm, those gurus have a good thing going, don’t they?
And, is anyone else out there wondering what happened to the mall cart girl? I’m wondering how I can get an update–I’ve been in suspense ever since learning she overspent her budget on the mall cart renovation.
One more thing: I have a lot to learn because I’m in escrow for a condo that: 1) I’m putting a down payment on; 2) I’m pulling no “cash out” of at closing; 3) I inspected before I purchased; 4) if rented, would produce a positive cash flow; and 5) does not look like a crack house with a repainted kitchen, “artsy” unfinished concrete floors and “awesome” barfstone on the front garage conversion. Wait, it doesn’t even have a garage conversion, but a *real* garage. I’m such a looser.
*
Jill
December 1st, 2006 at 10:53 am
I think that your blog could be the perfect platform for launching a book deal or television story.
You could call it “If I had commited fraud this is how I would have done it”
- Jill
*
Stephanie J.
December 1st, 2006 at 11:06 am
How is this really going to benefit you; on a fundamental level? It’s not going to solve your financial problems, and it’s yet another distraction to keep you from focusing on your real issues–maybe even an attempt to keep us from focusing on your real issues as we always do.
The guy may be good, but he’s not going to wave a magic wand that will make all the bad things go away. The one or two jewels of knowledge and experience he may offer you will most certainly be exactly the same advice you’ve read (or haven’t) in these comments over and over again right here on your blog; and like with that advice, you will promptly ignore it as you always do.
So this little stint will not benefit your situation; neither will the other pulp how-to books you keep mentioning.
You really, really have a problem, Casey. Step back and acknowledge it, attack it, and solve it. Ignore other distractions.
*
Jerry
December 1st, 2006 at 11:31 am
Les,
The ’system’ essentially allows him to do what he is doing right now and get off from paying his obligations, moral or otherwise. Why would he want to sign up for 12 years of hard living just to pay off his debt? That makes no sense. If he was that kind of person he never would have gotten in this ‘mess’ to begin with. I’m beginning to wonder if this is a bigger mess for the lenders than Casey…
I can think of many people who have taken far more money out of our pocketbooks through their stupidity/insanity/greed. George Bush, for one. Casey is a small fry compared to the mess Bush made, and far more entertaining too… I’d rather read this blog any day over watching the news from Iraq.
I agree Casey would never make a good employee. Definitely the entrepreneur type. I’d never hire him…
*
Jerry
December 1st, 2006 at 11:37 am
@Voice of Reason - Finally, someone who see the situation for what it really is!!!
*
Sid Finster
December 1st, 2006 at 11:45 am
Practice sentences like this, Young Casey: “How could this be allowed to happen in George W. Bush’s America?”
Practice saying this over and over again, in your most piteous voice. Keep practicing until you can look into the viewer and bring a tear to your own eye every single time. Bite your lip as you speak, imagine that you are an injured baby puppy dog locked behind the grate in the pound, hoping that nice lady on the other side will take you home.
Normally, minor league felons such as Young Casey don’t have much to fear from the legal system. There are too many serious criminals and violent offenders for the DA to waste his time on small potatoes.
However, Young Casey’s has a disturbing tendency to bare his soul and malfeasances to the world. That, combined with a crashing real estate market means that disgruntled buyers, lenders, etc. may demand to be rescued from the consequences of their ill-timed and foolish decisions.
In this world, Young Casey can either be a victim or a scapegoat. In George W. Bush’s America, you’re always better off cast as a victim.
*
Report Fraud
December 1st, 2006 at 11:47 am
The liar loans are only part of Casey’s problems and I agree that it will be hard to prosecute on this alone.
The real legal problem Casey has is stating that he bought 6 houses with the Intent of occupying them in such a short time. 2 houses maybe, but 6? That will be hard for anyone to believe.
Then to make things worse, Casey has admitted here and in videos that he bought the homes with the Intent to flip them. Casey shoot himself on the foot there.
*
yneone
December 1st, 2006 at 11:49 am
Blah Blah Blah. Casey, will you please put a stop to those posting for hours. I wonder, do they sit and “draft” before posting to this website? Ha! Please put a “cap” or limit the number of characters per blog. Some of these fools just like to read their own comments in hopes that someone might read them. Writing OPRAH again tonite.
*
Blah
December 1st, 2006 at 11:51 am
Hey Nigel, maybe you can pay money and have a press release sent out?
It’s a good reflection on your writing style and content when the only hits you can get are related to Casey.
*
UncleC
December 1st, 2006 at 11:51 am
@ Casey: Common baby, show it off! You got a monstrous response on your “Finances out of Control” entry when you posted your Wells account statements. We want to see it again baby, ohhh puleeze, show us more, more, more!! That’s how you make your hit numbers go up, up, up! Umm, ummm……
And if you can get down here to San Francisco, you can meet UncleC in the shower room at the Central Y and show off some more! There’s lots of show-off boys down here, you’d like it. Then we can go into the steam room and UncleC will help you work things out, yeah baby!
*
SayWhat?
December 1st, 2006 at 12:27 pm
NEXT MONTH ON “EVERYONE HATES CASEY”
—————————-
EPISODE 10 “The Mark”: We left Casey at Starbucks trying to distract the countergirl so he could “borrow” enough cash to solve all of his problems *and* give Starbucks a cut of the profits once he makes his fortune. Casey daydreams of someday handing CEO Howard Schultz a $10 billion check to replay the money he borrowed. “If only I had Casey’s ingenuity, I would be almost as rich as him. Foolish of me for opening 10,000 coffee shops around the world instead of flipping houses. What was I thinking?” a startled billionaire Schultz admits to the press.
Back in the real world, Casey works his charms on the countergirl, telling her how he became a multimillionare at 24. The girl is impressed with his dazzling blue shirt, brand new khakis, his excellent posture (thank you, exercise ball!) and how his lively eyes shift quickly along the horizontal plane. When he tells her he made his fortune flipping houses, her response shocks Casey so much he almost blinks.
“Flipping houses? Wow, I was doing that too for a couple of years. Then the market fell. Now I work here!”
A house flipper with a job? Has the world gone mad? She tells Casey her sad story of house flipping. Casey points out where she went wrong. She only bought one house at a time! She only bought houses in Sacramento. She fixed them up by hiring friends. She even lived in the houses because she thought she’d get in trouble if she lied on her mortgage application. She got out right when the housing prices started to drop, choosing to live in the last house she bought and getting a job to make the mortgage payments.
Casey scolds the silly little girl telling her that she was flipping houses like it was a hobby — she didn’t want to get rich at all! Amateurs like her ruin the real estate market for the big dogs like him! She deserves to work at a looser job like this for the rest of her life!
“You’re right Mr. Serin. You’re right. I did a terrible job. Now all I have is the nice house I’m living in which I won’t sell until the market turns, and I’m saving the $50,000 I made when the market was good for school.”
Whoa! Whoa! Back up a minute here. She has $50,000 in the bank? Maybe this girl *does* have a chance to make it big in real estate. All she needs is Casey’s expert help. He shows her his website on his laptop (carefully holding it from the top to cover the URL!) and she’s sold. A 24% return on her $50,000? Even a dumb countergirl can do that math! She writes him a check and he’s out the door to turn that money into millions!
As Casey drives his beater VW back to his rented basement apartment, he laughs at the commuters driving home from their stupid jobs. He earned more money in one day than they’ll earn in a year. Surely God is good for He wants me to succeed!
EPISODE 11 “Don’t Enjoy the Good Times”: As Casey tries to open the door of his dark dingy apartment, the door is stuck. He pushes it hard and finds at least thirty pounds of mail has piled up in front of it. Banks, credit card companies, collection agencies, nothing worth looking at because they’ll all be happy soon enough when his fortune arrives.
“What’s all the mail about, Casey?” his wife inquires.
“Nothing you’d understand. Go back to your studying your worthless accounting books and maybe someday you’ll be glad you married me.”
But he has to go through the mail. There could be a $10,000 check sitting in there that will solve all of his problems. Alas, it’s nothing but mail from haters who want to make him feed bad because they’re too stupid to understand he’s going to make them all rich soon enough. Those 9-5ers just sit their offices thinking up ways to keep everyone else as poor as they are.
“Don’t make anything for dinner, honey, cuz I have a $50,000 check that says ‘Dinner at the Macaroni Grill’ on it!”
“I knew I married the right man! You’re a genius!” she exclaims! Someday he may get tired of her telling him stuff he already knows, but not yet.
As they rush to Casey’s beat up junker for some well-earned grub (Casey makes a mental note to buy a better car tomorrow), a man steps out of a BMW and blocks their path. He’s a rather large man wearing a nice tie and jacket and looks rather pissed.
“Are you Casey Serin?”, he demands.
“Yez. Who eyer yoo andt vat iz dee meenink ov dis?”, Alex, I mean Casey replies, suddenly remembering he’s from another country and is unfamiliar with American customs.
“I understand my daughter Rachel gave you a check for $50,000 this afternoon. I would like to discuss your plans for her money with you. Now.”
Will Casey be able to talk his way out of an actual physical confrontation from a disbeliever? Will he play up how rich he is or how poor he is? Will he quote scripture? Will have give the check back? Of course he won’t give the check back because he earned every dollar, but tune in anyway!
*
casey can do it
December 1st, 2006 at 12:40 pm
why’d you put fake next to Time Will Tell’s posts. don’t like what he said in the last one? I think it’s spot on!!!
*
the lesson is that the system moves slowly
December 1st, 2006 at 2:38 pm
Notice that the guy did his bad stuff in 1994 while at Norwest. In 1996 he started his own business, and by 1998 it had 10 employees. That’s when he got nailed. Bet he didn’t see it coming.
Enron collapsed in 2001. Lay/Skilling/Fastow got convicted this year.
The criminal justice system moves slowly. This blog and Casey’s 15 minutes of fame will be long gone by the time he gets arrested. If you’re waiting to see that, there’s no reason to check back too often–it will be a while before that part of the show.
*
Whole_lotta_Bubba
December 1st, 2006 at 2:40 pm
Yes, soap.
*
DC Troll
December 1st, 2006 at 3:26 pm
Someone has asked not only on this thread but on prior ones about Casey’s political party.
WHO CARES? When hikers pass under my bridge I eat them, I don’t ask for their voter registration cards. Casey’s political affiliation is as meaningful as an elk’s (and if you see any, could you drive them toward my bridge? They’re good eating, and I have all kinds of second-hand hiking gear I could trade)
If you want endless arguments on politics, religion, or other hot-button items, go to Google Groups and look for any group starting with “talk.” (Old-timers may recall much of Google Groups as “Usenet”, with a special “newsreader” program to access it, before the dawn of the web and internal-combustion engines. If you hear someone brag about this, ask them how much time they spent in the “alt.********” groups looking at low-res 256-color porn).
So let’s keep the focus where it belongs: Casey’s hilariously challenged “ethics”, his apparent belief that he deserves to be rich without strenous work, his dithering, his posting items that seem designed to draw out the haters… so much more… oh yeah, and those four houses he still needs to get rid of.
PS - The plot summaries for “Everybody Hates Casey” so far sound like a terrific series! Nice work.
*
Vague Guru
December 1st, 2006 at 3:33 pm
Free Advice – “What part of our criminal justice system do you not understand? I’ll give you a hint. When the jury says “not guilty,” there’s no “criminal activity.”
No jury has yet sat in the matter of “People vs. Serin” and I doubt one ever will.”
Well granted, I’m no lawyer, but I do know when you have committed a crime and admitted it as Casey did, YOU ARE A CRIMINAL.
What’s your point?
Are you trying to say that Casey is not a criminal because he hasn’t been convicted yet?
*
Dan Riba
December 1st, 2006 at 4:09 pm
Anything happening here yet? I think I missed a post or two. When is the “You’ve been X’ed” statement coming?
*
Nigel Swaby
December 1st, 2006 at 4:15 pm
“Blah
December 1st, 2006 at 11:51 am Hey Nigel, maybe you can pay money and have a press release sent out?
It’s a good reflection on your writing style and content when the only hits you can get are related to Casey.”
Perhaps it’s more telling of my marketing ability to align myself with the phenomenon that is Casey. Obviously you don’t read my mortgage blog because less than 10% of my posts have been related to him.
Casey’s story offers a lot of valuable lessons and I’m glad to see him still going despite all the negative things going on in his life.
*
Anon E. Mouse
December 1st, 2006 at 4:25 pm
This has become boring…
Casey, you’d better do something interesting, and soon. Or you will start losing whatever it is you make on ads.
Please post some pictures, account screenshots, dirty secrets, stories about how pissed your wife is, anything!
The pod casts and interview things suck, who cares about some other fraudster.
*
The Original Blah
December 1st, 2006 at 4:33 pm
@Sid Finster
George Bush’s America?
Wow, you’re delusional, or were you just born in 2000 and so the only abuse of the law you’ve seen is under this administration.
It happens in all of them, and since I don’t think George was a co-signer on any of Casey’s loans, I find it ridiculous to even hint, “Oh it’s not Casey’s fault, it’s the presidents!! Yeah, that’s it! The president, it’s always his fault that people make poor decisions in their everyday life.”
Get real.
*
You are a genius!
December 1st, 2006 at 4:34 pm
SayWhat? that is.
Please keep adding to your proposed TV series! It is the momst hilarious read I have had in a while.
LOL!!!
Man that’s funny!
*
GaGa
December 1st, 2006 at 5:21 pm
Casey - I am SO excited!! I found a blogger who sounds like your soulmate. She’s a business owner like you, loves “sweet deals”, likes publicity, wants comments, and wants other people to pay her!
http://girlfriday.typepad.com/
“Three reasons I write this blog:
1. I own and operate Personal Touch Errands & Assistance, which is a personal assistant, concierge, and errands service …
2. I get abnormally excited about sweet shopping deals…
3. I have a rotating segment on the radio show..
I’m more than happy to answer your Reader Mailbag questions. Feel free to compensate me for the time it takes to research and answer them…”
*
Stephanie J
December 1st, 2006 at 5:38 pm
@Saywhat?: Fabulous!
*
hyperlexic
December 1st, 2006 at 5:45 pm
I’d be more interested in hearing from someone who DIDN’T get caught. Anyone can get busted. It takes a real genius to get away with it.
*
T.White
December 1st, 2006 at 5:51 pm
dumb da dum dumb :
>
I think it was ‘Dragnet’.
But for Casey, I suspect the just as dramatic lead in for ‘Perry Mason’ may be more fitting.
Or maybe Ozzy’s version:
Who can we get on the case?
We need perry mason
Someone to put you in place
Calling perry mason
C’mon people; Casey can’t have a tv show/ internet video/ live chat/ podcast/ (insert your choice of publicity stunt medium here) without a theme song.
SUGGESTIONS?
*
Sid Finster
December 2nd, 2006 at 2:37 am
@ The Original Blah:
Of course George Bush did not invent fraud or bring us Casey. Nor did Bush force Young Casey to sign fraudulent documents. And if Bush had ordered federally insured banks to tighten up lending policies during the RE gold rush, the masses would have gone apesh*t howling for Bush’s head.
The point is that we have a public demanding easy money through shuffling paper, whether in the form of dotcoms (in Clinton’s day) or RE flipping. This same public (and the financial institutions) will also clamor to be rescued from the consequences of their foolish actions as prices fall.
This public and the lenders holding worthless paper will look for a scapegoat. Young Casey, with his talent for self-promotion and admissions of wrongdoing makes an easy target. Of course, Young Casey didn’t cause RE price inflation or cause prices to collapse, which is what homeowners and the banks really care about. With regard to prices (not fraud), the worst you could really say is that Young Casey went along like a lamb to the slaughter, about two years too late and about 50% undercapitalized.
So if the public wants a scapegoat, Young Casey would be smarter to paint himself as the victim of some other scapegoat. What better scapegoat than the current president, since in the current American mentality, the president is supposed to make sure that we all get rich without having to work too much?
*
dumb da dum dumb
December 2nd, 2006 at 7:01 am
casey i dont think your going to make it as a author, guru or fraud consultant.
you might end up getting famous a few years later ala gary coleman, stuck in a dead end security job…
that video of his midget ass on the cameraman’s hood got him famous..
i think youll be lucky to end up on The Surreal Life season 46.
*
Fraud
December 2nd, 2006 at 11:57 am
“Notice that the guy did his bad stuff in 1994 while at Norwest. In 1996 he started his own business, and by 1998 it had 10 employees. That’s when he got nailed. Bet he didn’t see it coming.”
Exactly! The DA will not move until all properties have been forclosed or sold. They need to let the dust settle so that they wont be part of the blame.
Also, the longer they wait, the more Casey get’s to sweat. Look at how Jeffrey Skilling (Enron) guy is at home arrest waiting for the 12th of this month to report to prison. Whoever thought of this slow torture routine is a genious.
*
Don't Drop The Soap
December 3rd, 2006 at 3:38 am
Casey, make sure you ask Jerome Mayne what to do if you drop the soap while in the shower.
Did Jerome find a new wife in prison? He walks kind of funny in those videos.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment