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BANK FRAUD INFORMANT ID'd


Press Democrat reporting an informant was used to obtain information used to prosecute the four indicted felons in the Sonoma Valley Bank case but falls short of naming him. 

So we will again name him here for your information. 

Through our our research for nearly three years we identified him as James House being the key informant to Madjlessi fraud case with Somoma Valley Bank. It was easy to review real estate records and Secretary of State LLC records to validate 101 Houseco LLC and it's owner and the attorney Madjlessi's own David Lonich. 

James House a straw man fronting for Madjlessi was picked up on the January 2013 Superbowl Sunday on a Ramey warrant which are typically used for house arrests on key informants and decided to cooperate with Federal authorities. It's not clear what he bargained for by way of immunities. House is a San Clemente carpenter contractor. He helped purchase 101 Houseco LLC a failed project from FDIC owned Indymac Bank. 

http://www.pressdemocrat.com/article/20140506/articles/140509686
howiewine May 07, 2014 at 09:48 AM
Records show House was involved with Madjlessi for years, perhaps as a sub-contractor. He was a named party in a lawsuit in San Francisco in the 90s. He also had an LLC set up for presumably by Lonich with an address of Redding where Lonich was living and scamming on the Tierra Oaks deal.
Ralph Hutchinson May 07, 2014 at 10:47 AM
Looks like Panama was one offshore location monies were squirreled away to.
Ralph Hutchinson May 07, 2014 at 10:49 AM
Why don't they mention House's name it's no big secret.

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