Casey Serin - Final IAFF Moments

Final IAFF Moments

In April 2007, Serin appeared on The Suze Orman Show to discuss his financial predicament. Orman recommended that Serin file for bankruptcy and attempt to increase his take-home pay. However, Serin continued to make no effort to secure full-time employment, nor did he file bankruptcy; a bankruptcy attorney had told Serin that he would open himself to potential charges of mortgage fraud if he filed for bankruptcy, since the debts were acquired under fraudulent pretenses.

The final month of the blog saw further erratic behavior by Serin; specifically, Serin took a spur-of-the-moment trip to Australia without informing his wife or family members.

As for his real estate investments, Serin acknowledged to the Sydney Morning Herald that "the stuff I did is technically mortgage fraud, but it's not officially called that until someone prosecutes me and proves that that is indeed mortgage fraud," asserting a presumption of innocence. On the Jon Ronson show, Serin confirmed his use of so-called "liar loans". On July 11, 2007, Serin disclosed that he was under investigation by the FBI. In an interview conducted by ABC News, his attorney reported that Casey Serin is under investigation by the FBI, but "no charges have been brought against Mr. Serin. However, based upon conversations with the U.S. attorney's office in California, federal charges related to Mr. Serin's real estate transactions are expected to be brought against him".

As of 07/28/2007, Casey's commentary on iamfacingforeclosure has been removed. His final entry was dedicated to his wife. Aaron Krowne, an Emory University library researcher and owner of ml-implode.com, purchased the blog. Serin says he used proceeds from the sale to pay off $35,000 of consumer credit debt in his wife's name.