February 16, 2009

Chris Warren, the new poster child for mortgage fraud.

Like Casey Serin before him, here's a kid admitting to his crimes.

In this case a 26-year-old mortgage broker con-man who enabled over $1 billion in fraud loans.
Let's see if anyone will notice. Let's see if mortgage fraud will one day again be a crime in America.

Hat-tip to housingdoom for the video..


[UPDATE - Right after posting I saw that he was just caught at the Canada/US border, with $70k in cash, $1m in gold certs and for the hell of it some platinum. And he just got back from an around the world trip hiding his loot, including gold in Lebanon. Not bad for a 26-year old kid.

How did this happen? Where was the oversight? Where were the auditors and appraisers and risk analysts? The Bush Years - aka The United States of Financial Anarchy.]


20 comments:

blogger said...

Good news - they got this guy

http://www.bizjournals.com/sacramento/stories/2009/02/09/daily52.html

I liked the part about carrying the metals. I guess he thought the banks would fail.

Oh, wait, the banks are failing.

________

Christopher J. Warren, 26, of Sacramento, was arrested late Tuesday while trying to cross the U.S.-Canadian border at Buffalo, N.Y., with $70,000 cash in his shoes and four ounces of platinum.

Jim said...

Thank God there is a little bit of justice left in our broken system! I can't take many more stories of these pricks breaking the law and walking free. This used to be a nation built on laws. The government must try to keep that illusion going...

-SRI

Anonymous said...

Nice find Keith. Another twenty nothing from Excremento who needs to take up residence in a coffin.

Anonymous said...

Where's his 7 page essay? What's his website?

Why are they arresting this guy and not The Orange One?

Anonymous said...

"...Thank God there is a little bit of justice..."

VERY little justice...

A WHOLE MILLION DOLLARS?!?

Wow. Considering the secret $Trillion(or two) to the banks is ONE MILLION MILLION, there's only 999,999 more of these cases to go.

Anonymous said...

The two turd grossly incompetent talking heads should also be arrested. Duh, do you think this will lead to criminal charges? Duh.

The only good thing out of Sacramento is the airplanes...

Folsom has some great prison cells awaiting these douches. He should be able to sit down again without help in about 2011.

Maybe he can meet some REAL criminals while he is incarcerated?

BTW, Where's Orangeman?

Butt Buddies, All.

DOPES 2 said...

HI TOOLS!!!!

LET US SKIN HIM ALIVE LIKE THE WALL STREET VOMIT!!!!

TARP IS NOTHING BUT A CASH GIVE AWAY TO PAULSON'S RICH BUDDIES TO RIDE OUT THE STORM!!!!

THIS NEEDS TO END NOW!!!!

SORRY FOR THE RANT!!!!

JUST TRYING TO GET YOU PISSED TO DO SOMETHING!!!!


TOOLS!!!!

DOLTS!!!!

DOPES!!!!

Anonymous said...

Dumbass. He could've mailed the cash and Pt to a hotel in Canada and just crossed the border like any tourist. "We have a package for you Mr. Warren -- Great send it to my room". Tip the bellboy $5 CN and there you go!

Where do people get these silly notions? James Bond is a fictional character. Crime in the real world is much simpler.

Anonymous said...

It really doesn't matter what a few greedy pigs do with their remaining loot ... the world still marches forward according to plan.

And ... here ... we ... go! ...
http://snipurl.com/c0sx6

Anonymous said...

i am sure he was trained by Angelo Mozilo...scumbag

Ross said...

So exactly where is Angelo Mozilo?

Anonymous said...

New World Order and USA .. off topic but extremely interesting

http://tinyurl.com/akaxco

Anonymous said...

String this bastard up by his nuts!

Mitesh Damania said...

The difference between this and the orange man is this guy confessed (on his website).

Mitesh Damania said...

But if this guy is going to go to trial over the same thing the orange man has done, shouldn't the orange man have his day in court?

Mitesh Damania said...

"How would you compare the current housing bubble with Japan’s recession in 1990s? Would we have a “lost decade”?"

I say we've already had the lost decade. People who spent the decade+ accumulating 'investments' (pensions, 401k's, businesses built on bubble revenues, Madoff ponzi schemes, etc) have lost it all or a good portion of it.

Anonymous said...

Here's a link to a copy of the "Resume/Memo" that was posted to the website before they took offline.

http://tinyurl.com/cmps4h

Anonymous said...

Christopher Warren is only 26 and his alleged helpers are even younger. Back in May, I was offered a lucrative job by a 73 yr old man. He had a luxurious office in an all-mod-con tower in Atlanta. After a few days in his company, I began doing research about the business, but ended up stumbling upon a hole slew of reports showing that the elderly I was dealing with (my new boss) was a notorious conman--he had spent time in prison in NY back in the early seventies for mortgage fraud; it was reported that the old man had swindled 11 billion of today's dollar equivalent. In the sixties, he was “credited” for having triggered the downfall of renowned British Tory politician Reginald Maudling (a detailed book was written at the time about the scandal).

The old man, I had discovered, was onto something new and very shady. So I decided to leave. I moonwalked out of the office one day, quietly shut the door behind me and never looked back.

I could have stayed and made good money. In those situations, I found out first-hand that swindlers prey on people's greed. They ultimately succeed because there are so many gullible people out there, who can be easily tempted and lured into moving from being honest to becoming shills and criminals.

I later learned that a couple of whistleblowers had already contacted the authorities and delivered some damning information and documents to the Secret Service, the Trade Commission and the FBI about the man’s activities. But he is still "open for business!"

I collected so much information about the old man and his activities, with the aim of writing a new book about him. But now, with all the thieves still walking, such as the Orange Man, Madoff, Greenspan, Bush, Cheney, Dodd, Frank... I am having second thoughts about the whole idea. After all, what the old man did, or maybe still doing, is only a minute fraction of the entire rip off that took place in the past eight years, and the still-ongoing fleecing of America by its politicians, bankers, brokers, and likeminded crooks.

Anonymous said...

Arrest the small fry, while the criminal bankers and wall street gangsters get a small slap on the hand.

Smoke and mirrors.

Anonymous said...

hey tools
sorry I gamed your sorry asses.At least I had a nice car and lots of bitches.Was getting laid every night by a different woman.Anyone interested in one of my vettes or homes?I am having to liquidate everything.Has anyone seen casey roaming the streets in sacramento.I have a job for him.

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