Tonight, Suze Orman interviewed renowned mortgage fraudster Casey Serin on CNBC’s “The Suze Orman Show.” While Casey Serin’s critics had hoped that Suze Orman would tear into Casey like a wolverine on crack, Suze Orman proved that she’s all talk.
While I’ve never had any strong feelings one way or the other regarding Suze Orman, what I heard tonight proves that she has joined the ranks of Robert Kiyosaki and others who care more about profile than content.
With that, we’re going to have to downgrade Suze Orman’s professional reputation from “financial expert” to “financial guru.” (For the record, “expert” = self-explanatory; “guru” = an under-informed person who tells others what to do.)
From here, I can only assume that CNBC is changing the name of “The Suze Orman Show” to “Suze Orman Gives Financial Advice to Admitted Multi-State Felons.” Maybe when Casey and Galina Serin finally go to trial, Suze Orman can testify as an “expert” witness.
Tonight, Suze Orman threw a bunch of meatball pitches over the plate at Casey Serin, continually referring to him as “boyfriend” and using a tone that somehow implied her viewing audience was, collectively, a very naughty child.
Note to Suze Orman: Research your guests before you invite them to your show. Because by trying to earnestly parrot advice that Casey Serin’s readers have been giving him for about eight months now, you just sound like a jackass.
Now don’t get me wrong, I don’t entirely blame Suze Orman. But tonight’s interview with Casey Serin shows that the staff of “The Suze Orman Show” is lazy as hell.
Because if any of The Suze Orman Show’s staffers had logged a dozen hours on Casey Serin’s website, Suze Orman herself wouldn’t have sounded like such a rube tonight. A recent post by Mr. Bubbles over at ExUrbanNation best describes what Suze Orman should have known before interviewing Casey Serin:
Look at the facts:
1. CS bought 8 properties in a short period of time
on purpose so the banks, credit agencies, and all others involved would not be
aware of his actions.
2. CS bought 8 properties via fraudulently lying
on his applications about income, employment, and owner occupancy.
Casey illegaly wrapped one of the houses without disclosing it the the lender.
4. Casey and Galina ran up over $175,000 in unsecured debt, knowing they
had no ability to pay, in order to sustain their lifestyle and further their
illegal real estate activity.
5. Casey and Galina opened up two DBA real
estate companies, never registering them with the state or incorporatin them.
Casey advertised these companies as real estate investment companies over the
internet and via the USPS. ( remember the 24% return letter, Able Buyer, iam
6. Casey attempted ( perhaps succeeded) in acquiring
a shell company to fraudulently transfer his personal debt into and to obtain by
fraud credit from lenders.
7. Casey, while protesting to be insolvent,
spent some $30,000 on real estate seminars.
8. Casey while claiming to
be insolvent, has earned unreported income.
9. Casey has continued to
borrow money, knowing he has no intention or ability to repay the debt.
10. Casey and Galina spent over $375,000 ( from cash back at closings
and credit cards)over the course of 2006 and he cannot account for the spending.
Sorry if I missed some of the things, but this is from memory. My point
is that he and Galina knew exactly what they were doing. The plan was to keep
doing the illegal cash back at closings, flip the houses, lather,rinse, repeat.
But it went bad, so Casey being the life long conman, moved on to other
scams. The 24% return letter. Able Buyer. Buying apartments. The phony
corporation. Adsense. Duane. Nigel. Then some more illegal cash back in Utah.
He won't change until he's caught, prosecuted, and in prison. None of
his or Galina's actions were without intent. Each one was to defraud. His made
up persona on IAFF is to cover his tracks. Look at the earth blog and you read a
much different Casey.
I have seen in court many, many criminals. None of
them are guilty. All of them proclaim their innocence. Forget about what Casey
says and focus and what he did.
Actions speak louder than words.
I agree Casey may not be public enemy #1 on the FBI list, but his high
profile and outright disdain for the law is making him come under some intense
Frankly, I would expect a lot more from a woman who was launched into the public spotlight by Oprah Winfrey. Come on, Suze Orman, did you not learn anything from Oprah about how to vet your guests?
So what should Suze Orman have asked Casey Serin while she had him under the glare of the television cameras? Here are some suggestions:
Suze Orman: So, Casey Serin, exactly how much money were you claiming to make while you were unemployed and lying on your loan applications?
Suze Orman: How are you and your wife Galina Serin six-figures in credit card debt after all of the sweet cash back at closing that you “earned” (sneers).
Suze Orman: Well, Casey Serin, since the topic of honor has come up, why have you not turned yourself in to the FBI office in Sacramento?
Suze Orman: You have mentioned bankruptcy several times on your website. Are you not aware that bankruptcy is a second chance for honest borrowers, not a way for admitted felons to escape both justice and repayment?
Suze Orman: While your wife Galina Serin was doing the books for your shell corporations and family finances, was she not concerned about the obvious fraud and illegal activities?
Poster Jean Val Jean at ExUrbanNation has kindly posted an audio file of Suze Orman’s interview with Casey Serin.
Click here to contact Suze Orman.