About California Insurance Department officers arrested Madjlessi last week for insurance fraud.
Bijan Madjlessi, who controls the Belvedere Towers condominium project in downtown Reno, has been charged with felony insurance fraud in making multiple claims for losses after the building caught fire nearly three years ago.
Possibly the more interesting parts of the story are the comments that follow.
Read the article here.
Cyrus Massoumi · President at ADEPTO, INC
I am Bijans Nephew. Far from defending him – I think that the Marin IJ is missing on reporting on the more hazy activities of Menlo Oaks. The Press Democrat story is not adequately reported – according to the article by P.D. the bank lost tens of millions on loans Bijan defaulted on – a huge sum for a small bank – this most likely caused them to default.
On a personal note: My grandfather – Bijans father in law passed away in January. My grandmother tried to kill herself a week later. Bijans wife Beguneh – (who if she underwent psychological evaluation would most likely be diagnosed as a psychopath) – rushed to the hospital right after the attempted suicide – (I was the one that found her). — After this Beguneh alienated my mother and took my grandmother back to their $13M french style house in Mill Valley. —- They for months were desperately trying to manipulate my grandmother in order to manipulate my grandfathers will. My grandfather was a business man and educated – my grandmother did not have those luxuries. —– The day after my grandfather died Bijan offered my mother his “in-house” lawyers in order to help with the “estate planning”. —— They are thieves and the scum of the earth – I have been in their house many times and they live in utter luxury. They have a son Michael who barely knows how to communicate at the age of 24 who has an unlimited credit card which he spends $10,000 a month buying sushi and clothes -