CFO Sues Developer Over Secret Ranch Funds | Bakersfield News

A former CFO is suing Darius Assemi, accusing him of secretly stealing $16 million from Granville Homes to buy back a family ranch—using a shell company to hide his involvement. The CFO says he was fired after refusing to sign off on falsified financials and warned the company was insolvent, a claim Assemi denies. The lawsuit ties the ranch purchase to the Assemi family’s $700 million in farm loan defaults, suggesting Granville Homes was a cover to avoid creditors. The CFO, a banking veteran with an MBA, claims Assemi personally approved the transfers and retaliated against him for exposing the company’s financial collapse. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/af5bcf0283ac227c