Fraud convictions lead to 4-year prison terms, more than $30 million in restitution

Two individuals were convicted of wire fraud and bank fraud, and another for conspiracy to commit mail fraud, in recent cases pursued by federal law enforcement with the cooperation of the Federal Deposit Insurance Corp. (FDIC) Office of Inspector General (OIG), the inspector general said in a release Wednesday.

On Friday, a federal district court judge sentenced Mary Sue Weaver, 65, currently of Scottsdale, Ariz., and formerly of Lincoln, Calif., to four years and two months in prison and ordered to pay $15,387,945 in restitution for her participation in a $22 million fraud scheme, the OIG said. Weaver pleaded guilty in December to one count of wire fraud and one count of bank fraud. On June 1, co-defendant Abolghasseni “Abe” Alizadeh, 59, of Granite Bay, was sentenced to four years and eight months in prison and ordered to pay $15,879,945 in restitution.

In another case, Walter Woldt, 55, of Crown Point, Ind., has been sentenced on his plea of guilty to conspiracy to commit mail fraud. Woldt was sentenced to 14 months in prison followed by 24 months of home detention and ordered to pay $1,004,991 in restitution. He has been ordered to report to the Bureau of Prisons (“BOP”) on Aug. 3. (The OIG, said co-defendant Al Rodenberg, a mortgage broker based in Texas, was sentenced in February to a 14-month prison term, two years of supervised release and ordered to pay $1,004,991 in restitution.)

Former Lincoln Resident Sentenced To Over 4 Years In Prison For Her Participation In A $22 Million Fraud Scheme

Crown Point Man Sentenced To 14 Months In Prison And Ordered To Pay Over $1 Million Dollars in Restitution

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