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Abe Alizadeh, Mary Weaver get May 20 court date in loan fraud case

Abe Alizadeh, shown in September 2005, is charged with defrauding banks out of $20 million.
Abe Alizadeh, shown in September 2005, is charged with defrauding banks out of $20 million. Sacramento Bee file

Abolghassem “Abe” Alizadeh and Mary Sue Weaver, accused in a federal indictment of colluding to defraud three banks of at least $20 million, will make their first appearance May 20 before the judge who will preside over the case.

The status conference before U.S. District Judge Kimberly J. Mueller was agreed upon by prosecutors and defense attorneys at a brief appearance Tuesday by the two defendants before U.S. Magistrate Judge Allison Claire.

Assistant U. S. Attorney Michael Anderson told judge Claire Tuesday that the government is in possession of “hundreds of thousands of pages” of evidence that will be turned over shortly to the defense attorneys.

Alizadeh, 56, of Granite Bay, was a billionaire developer and restaurant owner whose empire is now in ruins, and Weaver, 62, formerly of Roseville, was a senior escrow officer at Placer Title Co. who handled Alizadeh transactions.

Placer Title Chief Executive Officer Marsha Emmett said in a prepared statement last week that the company has cooperated with the ongoing federal investigation and will continue to do so.

Call The Bee’s Denny Walsh, (916) 321-1189.

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