A California real estate investor whose firm was accused by Western Alliance Bancorp of an almost $100 million fraud was criminally charged by the US, the latest fallout from a portfolio of commercial properties that sparked credit concerns at several banks last year.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-11/investor-tied-to-troubled-bank-loans-charged-with-fraud-by-us)