Real Estate Crime
Travesty of Justice

Was it a travesty of justice?

The victim says yes. In California, criminal code §§115.5 states it is a felony offense to file a false or forged document that affects title to a property. The penalty is five years in prison.

But Carl L. Dexter, 47, of Sacramento, CA, was essentially slapped on the wrist and sent back out on the streets to continue operating.

He owns/operates COLB Trust, a foreclosure bailout operation and Capitol City Foreclosures, Inc. He formerly operated Dexter Enterprises, Inc., a foreclosure bailout company.

Dexter was prosecuted for theft of a 91-year-old man's home by putting himself on title with the victim and filing papers making himself the controlling trustee of the property.

The victim, Ray Alford, 91, of Sacramento, calls it a travesty of justice because the court only fined Dexter $300 and put him on probation.

"They put him back on the streets to go do it again to someone else," Alford said. "I'm left with the mess to clean up and the expense of undoing the fraud."

This is the lament of fraud victims, especially real estate crimes. See the Stand, where the predator cost the victim over $200,000 and damaged her credit report record.

Dexter's Crime in the News

Sacramento Bee article in October 2002

Dexter's Punishment

In California, it is a felony offense to file anything false or forged at a county recorder's office that affects title to a property. The punishment is five years in prison.

Sacramento County Criminal Court only gave Dexter a slap on the hand and sent him back on the streets. Below is the court record of the sentencing.

Colb Trust

Dexter operates Colb Trust, and sends people the post card shown below, to entice them to do business with him. People have reported when they call, a BC Johnson says it is his telephone number. Others say there have been a pair of Asian women that come to their home saying they represent COLB Trust and try to convince the homeowner to sign over their home.

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