Casey Serin and the Case of the Disappearing Money

No doubt, Casey Serin's readers want to flog him.

A repeated source of disgust in these pages, Casey Serin had the gall to hold an online beg-a-thon just a few weeks ago.

Yesterday, his report that his car has been broken into and that sister-in-law Yulia Suprun is threatening to kick the Serins out of her house if they don't cough up two months' back rent has raised even more red flags.

Casey Serin had told his audience the night of the beg-a-thon that, while he and Galina were to be paid for the rigorous task of burning CDs, that money was designated to Yulia to cover two months of unpaid rent.

What followed in Casey Serin's posts over the next couple of weeks included information that he and wife Galina Serin had celebrated their anniversary, disappeared from town for a week on a trip, and traveled to IKEA for an emergency meeting where they purchased new office furniture.

These comments alone should have had readers in a lather. After all, how does an indigent, unemployed couple finance these endeavors?

Sprezzatura points outs that Casey's latest report that Yulia is still owed rent monies is met with the response that "For those wondering, the beg-a-thon money and CD job money WAS gonna go for rent but somehow disappeared for some other needed expenses."

Money just disappears from Casey and Galina Serin's lives. Certainly, there is no accounting for the tens of thousands of dollars that Casey Serin received in his shady cash back at close real estate deals.

There is no accounting for how Casey and Galina Serin racked up nearly $200,000 in credit card and loan debt over the course of 2006.

There is no accounting for the "missing Utah payment."

The lack of financial accountability here is staggering. Law enforcement, the IRS, and the Serins multiple creditors will have a lot of unraveling before anyone really knows where any of this money is.

Some speculate that it's in a coffee can in the backyard. Others think it's in an offshore account. Certainly, for the amount of shady advice and guru training that he's gotten over the years, and the pricey consultations with accountants and attorneys, this is certainly possible.

Personally, I think the money has been pissed away on cheap junk, travel, and supporting a lifestyle that Casey and Galina Serin couldn't possibly afford otherwise. I've said before that I wonder if Casey and Galina Serin ever intended to repay their debt...if the foreclosures weren't merely a planned precursor to a bankruptcy filing, where the white trash duo simply retained the tens of thousands of cash-back dollars in lieu of any sort of work.

Until then....