albert seeno net worth

But earlier this year, one of Seeno's companies, Discovery Sales Inc., was fined $8 million for a bank fraud scheme designed to shield Seeno's real estate companies from the effects of the housing market collapse, according to court documents.Discovery Sales was also ordered to pay $3 million in restitution to government-sponsored mortgage companies Fannie Mae and Freddie Mac, though a plea agreement acknowledged that the financial impact of Discovery Sales' conduct went far beyond those two lenders.While Seeno himself was not criminally charged, Ayman Shahid, a Danville resident and vice president of Discovery Sales from 2006-2008, pleaded guilty to charges related to the scheme and several other employees and associates were prosecuted, with some sentenced to prison.Discovery Sales was created by Seeno to sell homes built by his construction companies in developments throughout the East Bay.The company sought to keep its home prices inflated to support a large line of credit and offered incentive programs to new home-buyers who couldn't afford the high prices.The incentive programs would provide assistance with down payments, among other things, but didn't show up on bank loan documents. All rights reserved. "(Mr. Seeno) loved Pittsburg and took great pride in what he and his sons accomplished here.". What information about Albert are you looking for? Unless otherwise stated by the author, all content is free for Larry Gunderson, CFO for Thomas Seeno, issued an email to Wingfields bankers, owners and executives including Mamer saying, Albert told Tom that he thought they were investigating mortgage loans.. Anche noi da una piccola idea siamo partiti e stiamo crescendo. William Goodman, a lawyer for the companies, declined to discuss the warrants or the objects of the search. "Even as a little kid, he loved building things.". Seeno Jr., his brother and son own companies worth in excess of $4 billion and the collective net worth of the trio as individuals is between $100 million and $2 billion, according Would you wear Dyson's new air-purifying headphones? Get the latest business insights from Dun & Bradstreet. Mr. Seeno died after a brief illness Friday at the age of 84. View FREE Public Profile & Reputation for Albert Seeno in Pittsburg, CA - See Court Records | Photos | FBI and Internal Revenue Service agents raided the Concord headquarters of the Albert D. Seeno Construction Co. on Thursday and spent all day searching offices and removing documents from one of Northern California's largest developers. In an initial complaint filed in August, Albert Seeno Jr., patriarch of the Concord-based building empire known collectively as the Seeno Cos., accused his son, Albert Seeno III, of mishandling funds and pushing his father and other family members out of their companies. Listed below are the latest comments about this post. He rose to CEO and president, and now is suing his former bosses. Defendant: Kevin McCauley, a licensed CPA, is the CFO of Albert D. Seeno Construction. Here are those listed in Wednesdays lawsuit: We invite you to use our commenting platform to engage in insightful conversations about issues in our community. He has a law degree from McGeorge School of Law in Sacramento and is a member of the bar. The Seenos, with their history of California environmental fines, skirted regulations in Nevada, too, Mamer claimed. Seeno Jr. says leaving his son as CEO will cause grave damage to the Seeno Companies and their employees, who will be forced to suffer under the thumb of a tyrant who routinely abuses employees. to see possible education history including where and when they attending high school and college, and a complete list of his high school class list. We might permanently block any user who abuses these conditions. Embarcadero Media See In his retirement, he enjoyed fishing, hunting and playing bocce ball with his former classmates from grammar school. The Ivanpah solar power generation site was the largest in the country at the time and awaiting a $1.6 billion federal loan guarantee. Valid XHTML and CSS. Defendant: Albert Seeno Jr., 68, of Clayton, owns interests in numerous Nevada casinos and California development and construction companies. view. In 2004, Albert Seeno Jr. paid $775,000 in a settlement with Nevada gambling regulators, who had accused him of associating with a felon who worked for his construction company. The Seeno family collectively owns companies worth more than $4 billion, and have a net worth of up to $2 billion, according to Whittemore. A special meeting was held on on August 21, by Concord city council sitting in their capacity as the Concord Reuse Authority. The details of the case remain under seal for now. Here are those listed in Wednesdays lawsuit: We invite you to use our commenting platform to engage in insightful conversations about issues in our community. "I'm confident in the coming days, as they analyze these documents, that the Seeno companies are in full compliance with the law and these documents will evidence that.". Albert D Seeno Construction Co was founded in 2001. A Bay Area native, he loves his Warriors, Giants and 49ers. Plaintiff: Bradley Mamer, of Clark County, Nev., worked for 17 years in Wingfield Nevada Group and its predecessor company. The suit filed in a Nevada federal court Wednesday, alleging fraud among other things, also names Thomas Seeno, Albert Jr.s brother. He later did construction work, which is how his son fell in love with building, said lifelong friend Horace "Shad" Enea, retired Pittsburg fire chief. After the multimillion-dollar Nevada real estate venture fell apart last year, Harvey Whittemore claims Albert Seeno Jr. and his son Albert III began threatening him and his family, even sending thugs to their homes to force open a safe filled with jewelry and breaking into a house to steal computer equipment while Albert III waited in a getaway car. Nothing was done, he said. Publish your stories and upcoming events on Indybay. (Contra Costa Times/Bob Larson)2002, 2002 FILE PHOTO--Albert Seeno III (center)listens during a Pittsburg planning commision meeting in Pittsburg, Calif. on Tuesday, August 13, 2002. * The other websites referenced on this site are owned and operated by their respective companies, and the associated trademarks and logos are the property of those companies. The Seeno family collectively owns companies worth more than $4 billion, and have a net worth of up to $2 billion, according to Whittemore. A document from a home Darren and Stacey Nash bought from Seeno Homes in 2006 is photographed on Tuesday, Feb. 28, 2012, in Antioch Calif. (Dan Rosenstrauch/Staff) and $800,000, despite the Bay Area's median home price dropping to an eight-year low of $350,000. An East Bay home builder who avoided criminal charges when his company was fined in a bank fraud case earlier this year has been charged with retaliating against a witness, federal prosecutors said Thursday. The Albert D. Seeno Construction Co., which Mr. Seeno started in 1938, has built more than 30,000 homes and dozens of shopping centers, apartment buildings and offices, mostly in eastern Contra Costa County. It described the Seenos as worth collectively in excess of $4 billion, and said Albert Seeno and his son are associated with organized crime networks and known felons, and are being investigated by the FBI and the IRS. They found millions of dollars pulled out for personal and political uses, Robison said. The company sought to keep its home prices inflated to support a large line of credit and offered incentive programs to new home-buyers who couldn't afford the high prices. The company's line of business includes the construction of single-family homes. To view Harvey Whittemores lawsuit against the Seenos and the Seenos suit against the lobbyist, visit ContraCostaTimes.com. Seeno didn't fare so well in Reno a few years later, when the company was ordered to pay $9.4 million to residents near 47 acres that Seeno was developing. We (expletive) everyone!, On Feb. 25, 2011, Seeno III ordered Mamer to physically threaten Whittemore if a lease payment was not made by BrightSource, a Wingfield tenant and solar power plant operator. The political power broker and his wife are seeking $1.8 billion in damages, claiming the Seeno father and son were involved in racketeering, extortion, grand larceny and threats. All Access Digital offer for just 99 cents! As the housing market dried up like the Las Vegas desert, the relationship between Whittemore and the Seeno brothers soured. Mr. Seeno retired in the mid- 1970s and gave the company to his sons, Tom and Albert Jr., who continue to run it as a family business. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable to us, and to disclose any information necessary to satisfy the law, regulation, or government request. A Reno police spokesman did not return a call seeking a comment. Post or read reviews for Albert Seeno Discovery Sales was created by Seeno to sell homes built by his construction companies in developments throughout the East Bay. Albert Seeno lives in Concord, CA; previous cities include Alamo CA and Pittsburg CA. Whittemores attorney declined to comment because of the litigation. to see who they are and learn about them, based on information from public records and government sources. Brookfield and City Ventures both agreed to a hyper-local union hiring agreement. In October 2010, Mamer said he witnessed unpermitted septic system installations at Coyote Springs and reported it to Nevada regulators, who are investigating. By then, the company was worth $500 million to $1 billion. All Access Digital offer for just 99 cents! Since the case remains under seal, whether Seeno's alleged witness retaliation is related to the criminal case against his company has not been revealed. Albert D Seeno, Albert D Seeno, Albert D Seeno and Albert D Seeno are some of the alias or nicknames that Albert has used. Tweet This third-party data is then indexed through methods similar to those used by Google or Bing to create a listing. Its holdings include part ownership of the Peppermill Hotel and Casino in Reno. Documents describing the subject of the investigation remain under seal, said Arlette Lee, an IRS spokeswoman. For over 15 years, according to the trustee, the primary purpose of the trust has been to pay down Seeno IIIs debts to his creditors, including his father. The trustees attorney says Seeno IIIs current debt to his father is approximately $160 million. The trustees attorney says Seeno IIIs current debt to his father is approximately $160 million. One was for $115,000, another for $125,000 and a third for $116,507. The Seenos attorney paints a different story, saying Whittemore told the Seenos he was broke and could not make his payments toward the companys growing debt. Get Morning Report and other email newsletters. On Aug. 20, 2010, in a clandestine-like manner, Seeno III had an information technology director remove company computer servers from Mamers and Whittemores homes. to see who they are and learn about them, based on information from public records and government sources. To read the full lawsuit, go to www.contracostatimes.com/extra. Matthias Gafni is a Pulitzer Prize winning investigative reporter for the Bay Area News Group. Who's Searching for You, Relatives, Associates, Neighbors & Classmates. The lawsuit paints an unflattering portrait of Albert Seeno Jr. and Albert Seeno III who have operated a Concord-based group of development and contracting companies for decades and their actions as their Nevada business venture imploded during the housing market collapse. See WebNet Zero Isnt Possible Without Nuclear. MyLife aggregates publicly available information from government, social, and other sources, plus personal reviews written by others. If you'd like to help with maintaining or developing the website, contact us. to see possible family members, friends, co-workers, and associates found from multiple government records, social and public sources. They met in the familys Peppermill Hotel and Casino. Defendant: Albert Seeno III, 38, of Pittsburg, is the son of Albert Jr. and has pieces of companies similar to what his father owns. Albert Jr. bought a one-third interest in February 2007, leaving all three men with equal ownership. Yet, the Concord Police Association, which represents 130 police officers, openly supported Seeno/Discovery Builders - a company known for mortgage fraud, price inflation, the desecration of a Patwin burial site, and who recently tried to sue the East Bay Regional Parks in an attempt to stop the development of the the Thurgood Marshall Regional Park in the Concord hillside. Quest'anno diamo vita a " dovidea communication" la cui attivit principale l'organizzazione di manifestazioni ed eventi anche multimediali. Burial will follow at Holy Cross Cemetery in Antioch. Mamer said the shift would violate federal tax laws. Uploaded: Thu, Jul 7, 2016, 3:08 pm He rose to CEO and president, and now is suing his former bosses. Advertising Info The majority of submitted spoken and written comment from the public was against the developer Seeno/Discovery. Because MyLife only collects this data and does not create it, we cannot fully guarantee its accuracy. This profile was gathered from multiple public and Albert Seeno III, the owner of Discovery Builders and Albert Seeno Construction Co., appeared in U.S. District Court in Oakland on Thursday morning on the single criminal charge. !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Powered by dovidea. He worked for the San Francisco Examiner for five months in 2000, then joined The Chronicle in November 2000. All rights reserved. What is The Albert D Seeno Jr Family Foundation's News Who's Searching for You, Look Your Best to People Searching for You. $ 20.00 donatedin the past month. (SHERRY LAVARS/TIMES). Get Morning Report and other email newsletters. He has reported and edited for Bay Area newspapers since he graduated from UC Davis, covering courts, crime, environment, science, child abuse, education, county and city government, and corruption. It is beyond fiction the accusations hes making, and essentially they are garbage. Here's what you need to know about rain, snow reservoirs and drought, Environmental advocates call for investment in EBMUD sewer infrastructure amid winter storms. Coverage has included the passage of Proposition 13 in 1978, the appointment of Rose Bird to the state Supreme Court and her removal by the voters, the death penalty in California and the battles over gay rights and same-sex marriage. They invested more than $400 million into the Peppermill property construction handled by Seeno Homes, including adding the Tuscan facades, pools and restaurants, he Grammar School see who they are garbage a special meeting was held on on August,! 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