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Portland man pleads guilty in federal court to Bend property bank fraud scheme


PORTLAND, Ore. (KTVZ) — A Portland man pleaded guilty Tuesday in federal court to perpetrating a bank fraud scheme in which he used a Bend residential property he did not own as collateral for obtaining a bank loan worth more than $316,000, prosecutors said.

Alireza Zamanizadeh, aka Ali Zamani, 63, waived indictment and pleaded guilty to bank fraud.

According to court documents, on or about Feb. 17, 2017, Zamanizadeh filed a quitclaim deed in Deschutes County, transferring a residential property in Bend to his business for $1 without the property owner’s consent. A quitclaim deed is a document used to quickly transfer the ownership of real property from one party to another. 

Zamanizadeh then used the property as collateral for obtaining a loan worth $316,092. Zamanizadeh forged the property owner’s signature on a statement verifying the property transfer, as required by the mortgage lender and title company processing the loan.  

Based on Zamanizadeh’s false representations, the mortgage company approved the loan and transferred the funds to Zamanizadeh’s bank account.

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

Bank fraud is punishable by up to 30 years in prison, a $1 million fine and three years’ supervised release.

Zamanizadeh will be sentenced on Jan. 4, 2022 before U.S. District Court Judge Anna J. Brown.

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

Acting U.S. Attorney Scott Erik Asphaug of the District of Oregon made the announcement.

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

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  1. I really be interested to hear what the victim has to say about this. Were they kicked out of their home due to this fraud? How much time has elapsed in our rapidly inflating real estate market since this resolution of the criminal case? What where the victims actual losses compared to the restitution offered?

    Lot of opportunity here KTVZ to do some real reporting…

      1. Oh otay got it! Its a sensitive matter in Deschutes County which needs to be exposed do your job I know it goes back 13+ years in this case alone but this CRAP has been going on since well at least since the 70s hello!!! Wheres the HUSH 💰 coming from???

  2. What have the Sawyers paid out to the victims and families of their scam??? Kevin got a severance package from the City of Bend and he still gets to collect his pension??? WTF Oh yeah and they still have numerous rentals in Bend??? Where the HELL is the justice for the victims seriously??? Got it there is NONE

        1. Well, you either believe in the justice system with all its flaws or… I guess civil lawsuits are always possible. I haven’t seen or talked to either of them since all this was going on, and that was only as a reporter.

      1. Greg Brown had his own issues and low and behold Capt. Marc Mills comes to the rescue!!! Heard he has a temper that follows him to other offices. Was Sunriver one of his latest episodes???

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