Northern California developer admits $22 million fraud

SACRAMENTO, Calif. (AP) - A Sacramento-area restaurant owner and commercial real estate developer is admitting to frauds that cost banks more than $22 million. Fifty-nine-year-old Abolghasseni Alizadeh of Granite Bay pleaded guilty Friday to wire fraud, bank fraud and making false statements to a federally insured financial institution. Federal prosecutors ......

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By: Washington Times - Friday, 12 January

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