- Associated Press - Wednesday, May 7, 2014

SAN FRANCISCO (AP) - A Marin County man facing fraud, money laundering and other criminal charges was found dead after his car plummeted off a cliff.

The San Francisco Chronicle reports (https://bit.ly/1mBICj3 ) developer Bijan Madjlessi was discovered Tuesday afternoon some 400 feet down an embankment along Highway 1 just outside of Mill Valley. The 58-year-old was pronounced dead at the scene.

His family reported him missing on Sunday. An autopsy is scheduled.

Madjlessi and three others were indicted in April. They are accused of conspiring to defraud Sonoma Valley Bank, which collapsed in 2010.

The newspaper says if he would have been found guilty, he would have faced nearly $8 million in fines and decades in prison. He was scheduled to appear in court for a status hearing this week.

His lawyer says Madjlessi was innocent.


Information from: San Francisco Chronicle, https://www.sfgate.com

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