Former Dean Perschbacher Comments on Fraud Case for Californian
Former Dean Rex Perschbacher commented on the criminal and civil proceedings in a high-profile mortgage fraud case for the Bakersfield Californian.
Federal prosecutors have alleged that employees of the Bakersfield real estate firm Crisp & Cole directed staff to provide false information and leave out important facts in mortgage loan applications that would not have been approved if full and accurate data had been provided. The matter has been under scrutiny by federal investigators for more than two years yet so far has produced no criminal indictment, which Professor Perschbacher explained was not unusual.
Government prosecutors, he said, are likely to keep the investigation "close to the vest" as they build a case. "They like to get a lot of pleas from witnesses at the lower levels to build a case against the people at the top, so it's not uncommon for it to take a long time to get to the key players," said Professor Perschbacher.
Professor Rex Perschbacher was Dean of the Law School from 1998 to 2008, and before that served as Associate Dean from 1993-1998. He has taught at UC Davis since 1981 with an emphasis on the areas of Civil Procedure, Professional Responsibility, and clinical teaching. He received the law school's Distinguished Teaching Award in 1992, and a Special Citation Affirmative Action and Diversity Achievement Award in 2001.
Bakersfield Californian article
