Abe Alizadeh, one of the region’s most prolific developers before his company collapsed in a $390 million bankruptcy, was sentenced Friday to nearly five years in prison.
Judge Garland Burrell Jr., of the U.S. District Court for the Eastern District of California, sentenced Alizadeh to 56 months in prison and ordered him to pay $15.4 million in restitution. Alizadeh pleaded guilty in January to wire fraud, bank fraud and making false statements to banks.
