A former Granville Homes executive has accused CEO Darius Assemi of circumventing a federal court’s supervision by secretly buying — with up to $16 million of the company’s money — a west Fresno ranch his family had lost it in its massive defaulted loans case.
A court-appointed receiver sold the 330-acre Mission Ranch to an LLC organized by long-time Assemi family associate in January for an estimated $14 million. A federally chartered lender consented to the sale.
Former Granville Homes CFO Ryan Toncheff is alleging in a wrongful termination lawsuit, first reported by the nonprofit newsroom Fresnoland, that the LLC transferred its ownership to entities controlled by Assemi after the sale…