Federal Deposit Insurance Corporation
Office of Inspector General

Former Roseville Developer Sentenced to Over Four Years in Prison for $22 Million Fraud

United States Department of Justice
United States Attorney’s Office, Eastern District of California
PRESS RELEASE
Press Release

FOR IMMEDIATE RELEASE

Friday, June 1, 2018

FORMER ROSEVILLE DEVELOPER SENTENCED TO OVER FOUR YEARS IN PRISON FOR $22 MILLION FRAUD 


SACRAMENTO, Calif. — U.S. District Judge Garland E. Burrell Jr. sentenced Abolghasseni “Abe” Alizadeh, 59, of Granite Bay, today to four years and eight months in prison, U.S. Attorney McGregor W. Scott announced. Alizadeh was also ordered to pay $15,879,945 in restitution to the victims of his crimes. 

Banker Shaun Hayes Gets Prison Sentence

United States Department of Justice
United States Attorney’s Office, Eastern District of Missouri
PRESS RELEASE
Press Release

FOR IMMEDIATE RELEASE

Tuesday, May 29, 2018

Banker Shaun Hayes Gets Prison Sentence

St. Louis, MO – Shaun R. Hayes, 58, of Frontenac, was sentenced to 68 months in federal prison today after pleading guilty to participating in a scheme to defraud Excel Bank and to profit from illegal insider loans.  The sentence was handed down by United States District Judge Audrey G. Fleissig who also ordered Hayes to pay restitution in the amount of $5,048,003.67.  

Northshore Contractor Charged with Conspiracy to Defraud First NBC Bank

United States Department of Justice
The United States Department of Justice
PRESS RELEASE
Press Release

FOR IMMEDIATE RELEASE

Tuesday, May 15, 2018

Jack Weichman, Owner of the CPA Firm Weichman & Associates, Sentenced to 96 Months Imprisonment and Ordered to Pay Over $4,000,000 in Restitution

United States Department of Justice
The United States Department of Justice
PRESS RELEASE
Press Release

FOR IMMEDIATE RELEASE

Tuesday, May 7, 2018

Jack Weichman, Owner of the CPA Firm Weichman & Associates, Sentenced to 96 Months Imprisonment and Ordered to Pay Over $4,000,000 in Restitution

 

Clayton Real Estate Developer Sentenced

United States Department of Justice
United States Attorney’s Office, Eastern District of Missouri
PRESS RELEASE
Press Release

FOR IMMEDIATE RELEASE

Monday, May 14, 2018

Clayton Real Estate Developer Sentenced

St. Louis, MO – Michael Litz, 63, of Ladue, was sentenced today to 36 months in federal prison after pleading guilty to his role in a bank fraud scheme involving unlawful insider loans at Excel Bank.  The sentence was handed down by United States District Judge Audrey G. Fleissig who also ordered Litz to pay restitution in the amount of $5,048,003.67.

Former Currency Trader Indicted for Participating in Antitrust Conspiracy

United States Department of Justice
The United States Department of Justice
PRESS RELEASE
Press Release

Department of Justice

Office of Public Affairs

FOR IMMEDIATE RELEASE

Thursday, May 10, 2018

Former Currency Trader Indicted for Participating in Antitrust Conspiracy

A federal grand jury returned an indictment against Akshay Aiyer, a former currency trader at a major U.S. bank, for his alleged role in a conspiracy to manipulate prices in the foreign currency exchange (FX) market, the Justice Department announced today. 

Former Camargo Bank President Sentenced to Prison

United States Department of Justice
 The United States Attorney's Office, Western District of Oklahoma
PRESS RELEASE
Press Release

 

FOR IMMEDIATE RELEASE

Friday, May 4, 2018

 

Former Camargo Bank President Sentenced to Prison

OKLAHOMA CITY – Former First State Bank of Camargo President STEPHEN GREGORY WARD, 53, of Edmond, Oklahoma, has been sentenced to eighteen months in prison for conspiring to misapply bank funds, announced Robert J. Troester, Acting U.S. Attorney for the Western District of Oklahoma.

McHenry County Farmer Charged with Bank Fraud

United States Department of Justice
The United States Attorney's Office, Central District of Illinois
PRESS RELEASE
Press Release

 

FOR IMMEDIATE RELEASE

Wednesday, May 2, 2018

McHenry County Farmer Charged with Bank Fraud

URBANA, Ill. – A federal grand jury returned an indictment today that charges Timothy A. Cosman, 42, a McHenry county farmer, with bank fraud related to loans he obtained from Busey Bank in Champaign, Ill. A summons will be issued to Cosman to appear in federal court in Urbana for arraignment.

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