Circling the Wagons?

Neighborhood Dot reports on CI this morning that the Serins seem not to be out completely. The cars are still there, as is Steve's motorcycle. However, the Miata convertible that some haterz believe to be Steve's is no in the driveway up on jacks, with bricks to block the thing from rolling. The motorcycle blocks access towards the front of the house. The Nissan blocks the side.

Seems that they are circling wagons and trying to make it difficult to remove them, or even to approach. How this is going to help against an armed Sheriff's deputy (who knows, maybe even AngelTits' husband???) handing them an eviction notice and telling them they have 24 hours is unclear.

In the meantime, Casey has followed up on the removal of the Island2012 website by removing the serin.us website as well. In the past it was a redirect from his Iamfightingforeclosure (IAFF2) site. All the content, including a classic "bankruptcy is beautiful" post, is now gone. Perhaps a response to the fact that he fought foreclosure and apparently lost.

But none of this should be a surprise. In the past, Casey's standard mode of operation has been to have a lame idea, throw up a website promoting it, dick around for months by going off on ridiculous tangents like trying to avoid foreclosure by drinking fresh juice or cleansing his colon, then realize at the last minute that a wave was crashing in on him, skip town, and quietly remove any of the websites, pictures and other evidence from the web, while whining about needing privacy. Once again, he found a lame idea (mortgage elimination/foreclosure avoidance), tried to portray himself as an expert, failed miserably, and is slinking away.

The difference, this time, is that his lame idea has cost his family their house. They could have kept it, had they not failed to follow through on the terms of their bankruptcy. Now they have both a bankruptcy and a foreclosure on their credit records, and if they aren't out of there fast, they may yet have an eviction recorded against them soon enough. That latter one will make it virtually impossible for them to ever rent a place.

Perhaps Casey isn't going to be the first of the Serins to live in a van by the river?

And that's the way it is here at FalseCasey HQ, where the sun is shining bright.

It's a Bird... It's a Plane... It's... Mortgage Elimination Man!

Yes, it's Mortgatge Elimination Man! Strange visitor from a third world shithole who came to Sacramento with powers and abilities of loosing houses far greater than those of mortal men! Mortgage Elimination Man, who can wreck the value of anything he touches, bend (and sometimes break) contracts with his bare hands, and who, disguised as Casey Serin, mild-mannered occasional valet-parker for a semi-great Sacramento restaurant, fights a never-ending battle for scams, injustice and turning America into third-world nation.

And now, another exciting episode in the Adventures of Mortgage Elimination Man!

YES. He's Baaaaaack!

And by the look of things, he's now restyled himself as "Mortgage Elimination Man," more than likely hoping to sell some of the otherwise freely-available "advice" about Mortgage Elimination, a scam that apparently begins from the presumption that money is not real, therefore the mortgage never really existed, therefore, it can just be eliminated. We're not sure what the proponents of this system propose to do about returning the house to the original owner from whom it was purchased with money that isn't real, but that's the kind of question that only details guys like us would ever be concerned about. (In fact of the matter, we wouldn't be concerned because we'd never let ourselves get into that situation in the first place.)

According to posts forwarded to us primarily from his Facebook Wall (to which we have no access), he seems to be:

1. Involved with Aaron Krowne, the current owner of the old IAFF site, and a true nutcase.
2. Still interested in pursuing the Island idea, and apparently has one supporter who has similar goals. Funding pending.
3. "Couch surfing" around Sacraemento, which we take to mean that he's not welcome at home, or at least not on terms that are acceptable to him.

There is also some evidence that he is planning to provide advice based on a "produce the note" strategy that has worked at times. If that's his plan, we have some bad news for him: First, most lenders have gotten much better about getting their ducks in a row, especially given the long current lead-times to foreclosure. Second many courts are denying that defense when it's clear that the problem is only a technical one, not a real question of note ownership. Third, and most important, we're moving to a new phase of the foreclosure crisis. When Casey lost his houses, the problem was in subprime. These were mostly crap loans given to crap buyers for crap houses and often the paperwork was crap. Today's foreclosures are much more focused on the prime interest-only or option-ARM loans that were typically better done, typically during a less frentic period in the market and were less likely to have been securitized, sold or reassigned, meaning the paperwork is in better shape. Finally, the word on this strategy is out there. Nobody needs to pay a lazy bum like Casey to "help" them with it.

But really, Casey's strategy is always the same, to the point where it's kind of boring:

1. Make fool of self on blog
2. ???????
3. Riches and fame

Casey just hasn't figured out the second step yet.

We note that "mortgageeliminationman.com" has recently been registered.
[Note: within a few hours of our observation the site came live. Casey is still an idiot.]

We also note that morgtageeliminationman.blogspot.com and mortgageelimnationman.blogspot.com have been taken, the latter and maybe both apparently by Haterz™. The Haterz™ blogs, of course, are sure to be more entertaining than the real thing.

And that's the breaking news from FalseCasey HQ, where things are otherwise quiet on a Friday night.

Thanks Son, We're Broke!

The details are in and it's clear that the Serin parental units have filed a Chapter 13 bankruptcy petition and repayment plan, apparently to avoid foreclosure on their house, trampoline and Casey's guest cell in the basement.

Reading through the filings, it's tough to say how much of the amazing credit card debt is related to Casey, but we believe a significant proportion of it is. Obviously, we have no way of knowing whether it's that debt that pushed them over the edge, or whether it would have happened in any case. But its clear that a chapter in Casey and his family's life is now over. For now, the foreclosure proceedings against them have been stalled, maybe for long enough that his sister will be able to finish high school before they are forced to get out. Life will continue.

Sadly, life will also continue in a manner that allows Casey to mooch for the forseeable future, which is too bad.

The filings:

Bankruptcy filing and attachments

Repayment plan

Repayment order

And that's the way we are at FalseCasey HQ, where we still think it's better to rent right now.

Casey just "invested" $10K in a pay-phone scam!

You heard it here first.

In these these tough economic times, of course, pay phones are sure to regain all the ground they lost to cellphones in the past 15 years. They're going to the moon we tell you! That's why a budding excrapreneur like Casey would want to be involved.

Evidence at the following photo set:

http://www.flickr.com/photos/sercasey/sets/72157622124556599/

If you are not a Casey Serin contact on flickr, please access this with the following URL, which includes a "guest pass" for the directory: http://flickr.com/gp/sercasey/N7oKn9&h=ac8b5ecc2bac1e6f07d2c5285ed269dc

Photo #2 in the set:



Photo #3:



The rest of the set is photos of him at his "friends" Mike and Lisa's place.

Lisa has particularly nice "assets" (No, we're not talking about the poor dog who is forced to live with people who are known associates of Casey Serin. Her other assets.)



Strangely enough Mike and Lisa run this outfit:

http://www.executiveconsultantgroupllc.com/

Who describe their business (Executive Consultant Group LLC) as follows:

Our company was formed to address this country's financial crisis and provide an innovative solution to fulfill our clients ever changing needs. Our concept is simple;

We work with you, one on one, to achieve maximum funding and in turn offer you high yield low risk investment opportunities.

Did you know that there are low risk investments available that yield as much as 20% per month?

Did you know that you can obtain large amounts of unsecured funding at low rates?

Putting these two winning solutions together can create an incredible passive income opportunity.

Let us create a custom proven plan that allows you to earn a passive income of at LEAST $5,000-$10,000 per month (keep in mind.....this is a minimum).

[The emphasis is ours. We know our boi!]

Yeah, that was our first thought too: "They sound like scammers."

And by the look of their incomplete and somewhat faulty website, fairly recent ones too. At least in this current incarnation.

As usual, Casey is going along. He's probably a great mark.

So why does a careful analysis suggest that he invested $10K? Mostly because that's just a bit less than his GSPG stock was worth when he sold it a few days ago. After setting aside $999 to be scammed by Sarah Prout (A scam we will dissect later), he'd have about $10K. In exchange he gets to go wine tasting with them for the day and hang out by their pool for a BBQ. You'd think he'd at least have gotten the opportunity to fondle Lisa's tits, but as we know from the whole Angeltits debacle, he's just not all that interested.

There's no other way for this to add up.

[And OK, we admit it. The whole "payphone scam" idea is very definitely a slim possibility. But Casey loves "foreshadowing" his activity with carefully placed hints in his photostream, so it's definitely fun to think about. Regardless of the nature of the proposition that Lisa and Mike are pitching to him, we suspect that it's designed to enrich them at his expense, and not the kind of "win-win" he always claims to be looking for.]

And that's the view from FalseCasey HQ, where there is still smoke in the air and we are amazed that Casey has most likely found a worse place to put his borrowed money than GSPG.

We've been out of it

Believe it or not, there are some things going on in our lives that don't involve Casey, like the crazy hooker/pornstar/cokehead we've been nailing every night, while mostly still thinking about Angel's Big Fake Tits.

But we've taken note of TrueCasey's bizarre Island project, and just commented about it on his blog. We have no faith that he will actually publish it, so here it is, complete and unedited:

FC 12:36 pm on August 28, 2009

Well, We just did some math.

In order to accommodate all your sponsors, you will need to have a minimum of 501 rooms in the resort. Pretty simple math, the total number of days committed to sponsors in each cycle is identical to the number of dollars raised per month. 500,500.

There are 1000 days in each cycle.

500,500 (total room-days per cycle) / 1000 (days per cycle) = 500.5 (rooms)

Can’t build half rooms, so you need to make it 501. Plus you’ll need one for yourself. 502. And whatever other friends you want to invite. Maybe 510.

Realistically, you probably need even more, because you need to allow for the fact that at times some rooms will be closed for maintenance, and not everybody is going to perfectly “fit” into a schedule that has the place at 100% capacity all the time.

So, you need about 600 rooms. And that’s just to accomodate the people you have made a commitment to. If you want to offer rooms to others, it needs to be even bigger. Since you’re on an island, you’ll also need employee housing and other facilities, which will add to the cost of construction and maintenance.

And you expect to be able to operate this resort on an ongoing basis with your sponsor’s money. $500,500 per month. Oh yeah, you plan to take 10% for yourself, so really you’ll have $450,450 per month available to build and operate this place, or $750 per month per room.

Most mid-grade motels in urban areas spend that much! Most resorts spend double that or more! And most of those aren’t on islands where everything is more expensive.

And that’s just operating costs. Even if you sold every single sponsorship tomorrow, it would take a few decades to save up enough money to build a 600 room resort. Look at this: http://www.hotel-online.com/News/PR2003_2nd/May03_HotelWaterParkStudy.html

Yup, that’s right. Contruction costs for a luxury resort type hotel start at around $250K per room and go as high as almost $600K. And that’s in the continental US. Again, add more on an island. Dude, you’re looking at a “starting price” of about $150m to build the place and it’ll probably be more. Even allowing for interest on the money you’re collecting, it’s almost 20 years! You need to register Island2032.com quick!

Bottom line is your plan is not feasible.

It’s also illegal. You can’t tell people “you’re a sponsor” and at the same time say “you’re entitled to future use of the facility”. Either people are sponsors, in which case they have no rights to anything other than the advertising they pay for, or they are investors, in which case they have partial ownership in perpetuity (and you need a license to sell the shares and they need to be qualified investors), or they are customers who are pre-paying for some future service, in which case you are pretty much committing fraud, because there’s no reasonable way to deliver what you’re promising for the amount of money you’re asking people to pay.

Sorry Casey, the numbers for this plan just don’t work out. The legal structure doesn’t work out. Faith is not a viable plan.

And that's the way things are at FalseCasey HQ, where it's too fucking hot, the air is full of smoke and we really want this shit to end.

Casey's Gone

It seems that his firing is for real. This may be the first time in history that Casey has managed to actually throw himself under the bus, though clearly there has been collateral damage to his various associates.

Information we have received suggest that the idea to engage the Haterz™ was entirely his, and was done before he received any permission or even discussed it with his boss. She was dragged in to his world with no prior understanding of what was about to happen, no opportunity to evaluate whether it was a good idea, or even the chance to research what had happened to everybody else who had become a known associate of Casey's, as has been thoroughly documented on Caseypedia™.

As has been noted by others, Casey started two personal blogs last month: BloggerCasey which was all about him, and his boss's blog, which in the end also turned out to be all about him. He sold her a bill of goods and she's paying for it.

As Nigel noted the other day on CHC: "Casey's problem is he blogged about it. He reached out to key people like WWTF and others to make sure everybody knew he was coming back. He went on the talkcast and brought Angel with him. He created BloggerCasey and opened comments. Haterz didn't do any of this. This was all his doing."

Casey is poison because he can't turn off the "I/ME" switch in his head that makes him convinced that every project he's involved in has to involve him as the frontman. As a result, he ends up sabotaging everything he touches.

Our advice to him: Recognize that 99.9% of what you do in the world is not about you. It's about getting stuff done for somebody else. Keep your own name out of it. For everybody else's sake, if not your own.

And that's the view from FalseCasey HQ, where the sun finally came out this afternoon.

Will TrueCasey Make it to HaterzCon West?

A number of major developments have taken place. TrueCasey was invited by Nigel earlier today and apparently agreed to show up. BTC, Nigel and Mr. Funk will fund the flight, though BTC later posted that he wishes he had not agreed to this some time back. TrueCasey agreed and plans to be on a flight in the morning.

However, there have been later developments:

• We have become aware that TrueCasey has just read Mr. Funk’s open letter to him, which was published in this space some time back. Feel free to check out the original text as preserved on our massive servers.
• TrueCasey has informed Mr. Funk that he is no longer able to respect him.
• As an aside, we wonder why he thinks anybody would care about receiving respect from TrueCasey?
• Apparently TrueCasey asked that Mr. Funk be excluded during a phone call with Nigel. Nigel provided assurances that Mr. Funk will be on his best behavior. Casey also expressed concern that we at FalseCasey might be in attendance. As we are not a single individual, it would be quite difficult for an individual "FalseCasey" to be there.
• Finally, TrueCasey is scheduled on an 11:35 flight. This would require TrueCasey to be at the airport no later than 10:35, and really would need to be there earlier to be sure of making it through security and all the other hassles. This would entail him leaving home by 10:00 and presumably being awake by 9:00. No such thing has occured recently.

We believe it is unlikely that TrueCasey makes it to his flight.

And that's the view from FalseCasey Headquarters, which appears to be in a third-world corrupt and cronyish country where the key to success is not hard work, but rather just being connected to the right corrupt officials.

Today's Post: TrueCasey is a Professional Blogger

Oh please give us a break!

FalseCasey can scarcely believe the garbage that spews from TrueCasey's mouth.

Blogging is a job? In what universe?

One of our circle knows a lot of successful and well-read bloggers. We know of none who make enough off blogging to generate much of a living. Granted, TrueCasey has an odd idea of what "a good living" is, but even so...

We note as we review their sites, that almost all of those successful bloggers use the blog primarily as a mechanism for driving attention to a real business that generates the big bucks. That real business usually takes 8-10 hours per day of real work. The blogging is just advertising.

So what's TrueCasey going to advertise? Where will the real money come from?

We have no idea.

But we do know that there won't be enough money from his blog alone to pay for him to move out of his parents' house, pay for his own car and insurance, get health insurance and buy food to meet his bizarre dietary requirements, let alone to make a dent in his huge debt.

His blog will never be more than a hobby. We are older than he, but will most likely not live long enough for him to realize that.

And that's the view from FalseCasey Headquarters, where we are somewhat captivated by history being made in Denver.