Home collateral Local man pleads guilty to bank fraud scheme | USAO-OR

Local man pleads guilty to bank fraud scheme | USAO-OR


PORTLAND, Oregon — A Portland man pleaded guilty today to a bank fraud scheme in which he used residential property he did not own as collateral to obtain a bank loan worth over $ 316,000.

Alireza Zamanizadeh, alias Ali Zamani, 63, has waived the charge and pleaded guilty to bank fraud.

According to court documents, on or around February 17, 2017, Zamanizadeh filed a waiver in Deschutes County, transferring residential property in Bend, Oregon to his business for a dollar without the owner’s consent. A waiver deed is a document used to quickly transfer ownership of real estate from one party to another.

Zamanizadeh then used the property as collateral to secure a loan worth $ 316,092. Zamanizadeh forged the owner’s signature on a statement verifying the transfer of ownership, as required by the mortgage lender and the securities company processing the loan. Based on Zamanizadeh’s false statements, the mortgage company approved the loan and transferred the funds to Zamanizadeh’s bank account.

On June 14, 2021, Zamanizadeh was charged with criminal information with bank fraud and aggravated identity theft.

Bank fraud carries a sentence of up to 30 years in prison, a fine of $ 1 million and three years of supervised release.

Zamanizadeh will be sentenced on January 4, 2022 before US District Court judge Anna J. Brown.

As part of the plea deal, Zamanizadeh agreed to pay his victim $ 400,000 in restitution and transferred the victim to a second residential property in Clark County, Washington.

Acting US attorney Scott Erik Asphaug of the Oregon District made the announcement.

This case was investigated by the IRS-Criminal Investigation with assistance from the FBI and is being pursued by Katherine A. Rykken, Assistant United States Attorney for the District of Oregon.

Source link


Please enter your comment!
Please enter your name here