12
Jan
Roseville developer Alizadeh pleads guilty to bank fraud
Abe Alizadeh, one of the most prolific developers in the region before his company collapsed in a $390 million bankruptcy, pleaded guilty on Friday to federal charges of wire fraud, bank fraud and making false statements to banks.
The charges stemmed from a 2015 indictment that accused Alizadeh of scheming to defraud commercial real estate lenders before his Roseville-based Kobra Properties filed for bankruptcy in 2008, leaving numerous banks and construction companies unpaid.
Alizadeh was one…
Source: Arizona Business Journal
