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It's Not Difficult April 15, 2014 at 07:07 PM
These comments do not make one iota of sense. It's as if someone entered all their favorite keyRead Moreword s ("casino," "hotel," "Darius," "Cuba") into a word randomizer which then spit out several meaningless sentences for them to enter into the little box on the screen. Then again, coherence was never really necessary here, and could be a hindrance. Even the ostensibly sanest among you, the brave freedom fighter Hutchinson, reasons like a child: "Calderone was under surveillance and went to Cuba, Yee was investigated by the Pulitzer Prize nominated Investigative Reporter formerly with the Press Democrat before it was Darius' who knows what might come out of that one. He runs in some interesting circles. Its that simple." Yeah, that simple, in that it makes zero sense. This is a hallmark of conspiracy nuts: they constantly see bizarre connections where none exist. It's like that old question: Do you know why fire engines are red? Well you see, fire engines have 8 wheels and carry 4 men, 8 plus 4 is 12, there are 12 inches in a ruler, Queen Elizabeth was a ruler, Queen Elizabeth was also a ship, ships sail the sea, the sea is full of fish, fish have fins, the Finns fought the Russians, the Russians are red and fire engines are always rushin'. It's that simple.
It's Not Difficult April 15, 2014 at 07:12 PM
Another hallmark of conspiracy nuts is that everything, simply everything, that happens around them Read Moreis further evidence of the conspiracy. If anyone else (like me) pipes up and says "this is crazy," they are obviously part of the shadowy conspiracy, and proof -- proof! -- that the brave freedom fighters (bloggers) are "getting close" and have the "powers that be" very "nervous." It must feel so thrilling for you, to be noticed by the gods in this way. To be a thorn in their side. Except none of them know you exist.
howiewine April 15, 2014 at 07:45 PM
So who are you here advocating for ? Dirty Bankers or lobbyists or are you just pulling chains?
Jim Pacheco March 29, 2014 at 03:18 PM
Keep up the good work on reporting on this case. It is certainly a story that won't be covered inRead Moret he local papers.
Rock Fan April 05, 2014 at 01:09 PM
Does sound like a heap of trouble . Interesting , thanks .
Ralph Hutchinson April 10, 2014 at 03:44 AM
SVB indictments came down Bijian 29 counts money laundering and wire fraud. Sonoma Bankers wereRead Moresaid to have received indictments today as well.
howiewine April 11, 2014 at 04:16 PM
They did not file a suspicious activity report required after discovering Melland's accepting of an Read Moreapparent $250,000 bribe from Madjlessi's wife. What's worse they loaned money to Melland after his termination for the above incident for this newly unemployed former loan officer to buy A SECOND HOUSE? -------------------------------------------------------------------- Was that Cutting doing that on his own after the Board fired Melland or what?
Anna Gomez April 12, 2014 at 02:49 PM
I always knew that the BS "system upgrade" at the Sonoma-Index was an all out scrub job.Read MoreW hat a bunch of big mouth cowardly liars they turned out to be. As far as Cutting goes, it looks like he was the fall guy. On a happy note, judges aren't stupid. They look at who had what to gain and "reasonable" excuses. The "I didn't know" response wouldn't be reasonable. Enjoy your time in the big house folks!
howiewine April 13, 2014 at 12:33 PM
These charges in the complaint don't include anything about Sonoma Valley Bank's PetalumaRead MoreGreenbriar Apartments loans which if reports are true include more abject failure to supervise by the bank's Board Loan Committee. Had one single Board member, all of whom can be described as real estate investors, been concerned enough with a loan that vastly exceeded Cutting's approval limit of $750,000 driven a lousy 15 miles those loans may have never been made. So why did they never make the drive??? Cutting had an approval level to $750,000 which is a lot less than the millions the Board approved and authorized. Were their any pictures of the property attached to the credit/loan request? Was the fact that Madjlessi had defaulted to PFF/US Bank 2 months prior to SVB funding their entry into the Petaluma project based on "character lending" to a "known" entity who had a very checkered past even a speed bump of a consideration? That sailed into the transaction as fast as they could it would seem. ============================================Bottom line============================ Sean Cutting did not have the appropriate bank experience or street smarts so the Board of Directors limited his ability to approve loans to $750,000 or less. To say now that he created some huge scheme without any knowledge of Mel Switzer and the Board Of Directors is simply unbelievable.
Ralph Hutchinson April 14, 2014 at 12:59 PM
Well they diverted the entire TARP proceeds to 101 Houseco LLC a failed project they bought fromRead MoreFDI C operated Indymac Bank, used fake letter lead, covered up the straw borrower James House of San Clemente all for a hail Mary pass what do they think SIG TARP is going to ask for? "When they pass the cookie jar, you take a cookie" still my favorite saying in this entire case thus far a Press Democrat quote by Cutting after fighting and misleading the shareholders acting like they were stupid and didn't get it why they needed to borrow TARP and all along the borrower, Cutting and Melland are cooking up an EPIC scheme in the background. What is justice for something that misleading? Something that harmed so many Sonoma Valley shareholders and residents? This is embarrassing for Sonoma residents in general. I still think all the Directors are equally to blame since they approved all these hail Mary deals. When will they get their day in court? Index Tribune still covering for them huh?
Ralph Hutchinson April 14, 2014 at 05:01 PM
Directors Nicholas, Switzer, Downing, Brangham, Pistole, Sangiacomo, Hitchcock and Page. They allRead Morev oted in favor of Madjlessi's bad loans according to the FDIC. Cutting and Melland didn't act alone.
Anna Gomez April 14, 2014 at 08:16 PM
I would bet that the Directors will be in some deep trouble. Its not feasible to think that none of Read Morethe directors were in the room when the shady deals were made.
Ralph Hutchinson April 10, 2014 at 04:45 PM
All our Directors (Page, Brangham, Switzer, Downing, Sangiacomo, Pistole and Nicholas) were present Read Moreand voted to approve, renew and extend all the stupid Bijian Madjlessi loans according to FDIC court documents. That means the examiners took copius notes and have proof in hand in the minutes that the Directors acted to bring harm to the bank. Regulators go to such lengths for one reason, to enforce accountability to those responsible. Mark my words...this is not over and the Directors are NOT getting off easy.
howiewine April 10, 2014 at 10:44 PM
30 years per charge for several charges. Goodness, that could be a long time. I find myself feeling Read Moresorry for Cutting, who appears to have been led down the garden path to build up the loan portfolio for what could only have been a possible future sale and jackpot for Directors. It was always coming down to the Board, who had an obvious reason to change the executive compensation package, throwing Cutting under the bus, in my opinion, unless Cutting is an utter sociopath. If there was no untoward compensation to him or blackmail of him it could only mean he was following the orders of the board. Isn't that why they hired a rank novice banker to begin with? Those Directors have MUCH to answer for.
Ralph Hutchinson April 10, 2014 at 04:15 PM
Conspiracy. Imagine the Feds calling it that. And the naysayer cronies of Sonoma Valley said I wasRead Morew rong for using the term conspiracy. Now whose right and whose wrong?
Rock Fan April 10, 2014 at 04:22 PM
Well , I'm gonna go out on a limb here .YOUR RIGHT RALPH !
howiewine April 10, 2014 at 10:06 PM
What about the conspiracy by Bill Lynch and the Sonoma Index-Tribune to kill the truth in real time Read Moreand screw over 1,000 Valley locals by covering up misdeeds?
howiewine April 10, 2014 at 02:04 PM
So now the question becomes WHY ? Melland took money which is public knowledge in past newsRead Morereports. But WHY Cutting? WHY Switzer? Money? Could be. Stupidity? For Sure. Blackmail? Boy that would explain a lot. Did someone get caught in a compromising position? Otherwise why hand the keys of the bank to this obvious crook? But then ALL Directors were present at ALL relevant Board Loan Committee loan approval meetings so whatever it was they ALL had to know. Say let's ask the ALCALDESSA, Ms. Brangham.
howiewine April 10, 2014 at 02:20 PM
Cutting , Melland, Madjlessi, Lonich IndictedRead More!----------------------- http://www.pressdemocrat.com/ article/20140410/articles/140419979
howiewine April 10, 2014 at 04:15 PM
Looks like the shareholder settlement was extremely premature and way too small.
howiewine April 09, 2014 at 07:10 PM
Hooray for these Judges and down with dirty politicians like Ron Calderon, who coincidentallyRead Moreaccomp anied Darius Anderson to Cuba last spring while he was being investigated by the FBI. Darius has a nasty habit of orchestrating skunky deals and hanging with friends of dubious distinction.
Anna Gomez April 09, 2014 at 10:19 PM
Sounds like Darius's assets might go bye bye. Or maybe he will go bye bye.....AuténticaRead MoreCuba! !! Or bust!
Ralph Hutchinson April 10, 2014 at 03:42 AM
This is a character issue with Darius first New York now New Mexico and a family affair to boot. A Read Morereal class act in Sonoma Valley.
howiewine April 01, 2014 at 07:55 PM
Read Morehttp://www.dailynews.com/government-and-politics/20140221/sen-ron-calderon-brother-tom-indicted-in-p ay-to-play-scandal-over-bribes-fraud-money-laundering
Anna Gomez April 02, 2014 at 02:27 PM
The FBI obviously investigated Calderon for a long time to make sure they had an open and shutRead Morecase. Most likely Calderon was unknowingly surrounded by FBI agents in Cuba if not working with the FBI to catch a bigger fish as part of a plea deal. I'm guessing they will be on Darius like guava jelly on a Pan Suave next.
Ralph Hutchinson April 04, 2014 at 01:27 PM
Did Darius have involvement with this CA Senator Leland Yee and his gun running? Did he raiseRead Moremoney for his campaign? Do favors for each other? Aid and assist gun running efforts? Did Cuba have anything to do with it? Did Darius take Yee to Cuba with him connected to any of that business?
Ralph Hutchinson March 06, 2014 at 11:16 PM
Breech of Fiduciary, Gross Negligence and downright intent to circumvent lending limit andRead Moreconcentra tion laws.
Ralph Hutchinson March 07, 2014 at 10:04 AM
Gifts from borrowers was the norm investments in Melland's Fuerza energy drink, boat rides, jetRead Moreride s to Reno Tahoe or Vegas. The culture if corruption and conflicts if interest was just the way things were done. The Directors were briefed but never filed Suspicious Activity Reports required by law. Instead they did Melland a favor two home loans after the fired him. No Morals no Character. Sick.
Ralph Hutchinson March 27, 2014 at 02:20 PM
Cutting got the nickname "The Cookie Monster" because of the quote he gave the papers aRead Morefe w months before the banks failure. When discussing why the bank borrowed $8.6 million from the Treasury TARP bailout program when many shareholders like Moreno said they didn't need it Cutting said..."When they pass the cookie jar, you take a cookie." But he knew full well the Marin Developer loans from Madjlessi we all nonperforming and/or failing as did all the other Bank and Holding Company Board of Directors (Switzer, Nicholas, Brangham, Downing, Pistole, Hitchcock, Sangiacomo, Page)
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