Two former executives of Sonoma Valley Bank have been indicted for their alleged involvement in a $9.5 million fraud scheme.
The executives charged are Sean Cutting, the former president and chief executive officer, and Brain Melland, chief lending officer at the now-defunct Sonoma Valley. Additionally, real estate developer Bijan Madjlessi and his attorney, David Lonich, were charged in the alleged scheme. The indictments against the four individuals were filed by Christy Romero, the Special Inspector General for the Troubled Asset Relief Program, of which Sonoma Valley was a participant.
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