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Sonoma Valley Bank Loan Officer Bribed it appears

Fuerza energy drink is Mellands company he accepted bribes from his loan customer
Fuerza energy drink is Mellands company he accepted bribes from his loan customer
Brian Melland Senior Loan Officer at now failed Sonoma Valley Bank and reporting to Sean Cutting and Mel Switzer, accepted investments into his energy drink company Magnus Innovations known as "Fuerza" from the bank's largest borrower Bijian Madjlessi and/or his affiliates reported to be at least $250,000.  The timing of some of the deals gives the appearance of quid pro quo gifts in exchange for large multi-million loans on projects such as Petaluma Greenbriar Condo conversions. 

It is uncertain if others received gifts, bribes or other payments but there are reports of jet rides to Vegas, Tahoe weekends, Vegas trips and yacht cruises to San Diego, Newport Beach, and Seattle.

These gifts are alluded to in the recent FDIC lawsuit as they criticized bank management and the board for allowing conflicts of interest and personally benefitting from a relationship with a borrower.  They are also referenced in Melland's Prohibition Order.

Industry ethics standards and Bank policy strongly prohibit accepting gifts or co mingled relationships between bankers and borrowers.

It makes you do things you might not otherwise do like cover for loans going delinquent, grant renewals and extensions, forebearances, accept partial charge offs, provide preferred pricing, etc.
sal nero October 21, 2013 at 01:19 PM
Another Madjlessi affiliate in SVB loans, Glenn Larsen who was Madjlessi's partner in SSE llc - storage lockers, confirmed that Melland was soliciting this group of affiliates for "investments" in his private company. The SVB Board found it was serious enough to fire Melland but realized that reporting it would lead to a wider investigation of all of these related loans...and possibly others like Freiberg. Plausible thesis? uh yeah. Why else would the directors have spent $3 Million in legal fees resulting in trying to pull an end run around the FDIC by settling with the class action suit for a $2 Million chicken feed amount. -----------These guys have pissed off the FDIC who state in their lawsuit filing "This litigation is in its infancy." SigTarp is reportedly coming to claim back the US Treasury's $8.65 Million in TARP loan they signed for and the Federal Grand Jury report should be illuminating.
Ralph Hutchinson October 21, 2013 at 01:36 PM
Glenn Harvey Larsen, Bijian Madjlessi's partner and lead for SSE, LLC had a criminal record in Marin County Superior Court case CO401603A recorded back in the 80's. He also has numerous sanctions and revocations for infractions on his Marin Mortgage Bankers Real Estate license at this link California Department of Real Estate: link ---> http://www2.dre.ca.gov/PublicASP/pplinfo.asp?License_id=01218439 Did these Sonoma Valley Bankers even do a due dilagence in their underwriting? And they loaned these guys at least $35 million? Of Sonoma Valley deposits? See photos of Larsen and Melland hung on this bulletin.
HL Hilton October 21, 2013 at 01:53 PM
Wasn't Melland friends on Facebook with several of these guys, Larsen and that SSE project? I mean how close was he with these borrowers?
Ralph Hutchinson October 21, 2013 at 02:04 PM
Posted up a photo of the drinks that come in Horchata, Tamarindo and Jamaica flavors targeted at the Latino markets. Boy what I wouldn't give for a six-pack of that drink for an office souvenir. Like a souvenir of war after chasing these guys for 3 years trying to get the truth out to the People.

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