Local Bank Borrower Wanted for Fraud

Bijian Madljessi mug shot after being arrested and booked
Bijian Madljessi mug shot after being arrested and booked
Bijian Madjlessi was arrested and charged with 4 counts of insurance Fraud in May 2011.  The case is still under trial in Marin County.

This is an example of the character Sonoma Valley Bank dealt with and essentially bet the bank on.  He was the largest borrower in the bank and an out of town borrower and all his projects were out of Sonoma Valley as well.  Evidently the State Insurance Commissioner after his investigations felt strong enough he had a case. 

All the while this was going on the Index Tribune never reported on these related developments.  This was the period they went dark, took the archives down and prayed their silence would get their cronies at the bank off the hook. 

This is also the time the Pulitzer Prize nominated writer from the Press Democrat was writing his trilogy of front page feature articles with some real investigative reporting. 

Link to article ---> http://www.pressdemocrat.com/article/20110601/business/110609906

M Cunningham October 21, 2013 at 02:44 PM
This is why the FDIC is suing for negligence, gross negligence and breach of fiduciary duty. Some of this background stuff should have come up prior issues on projects, lots of things. Bribes and kickbacks, pay to play, gifts, investments wow...amazing this guy could have been a Political Lobbyist or Pension Fund advisor in NY, NM or CA. Amazing how different a razor thin line separates.


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