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Former CFO Sues Assemi Over Ranch Funds
Description
A former CFO is suing Darius Assemi and Granville Homes, alleging he illegally funneled $16 million from the company to secretly buy back a ranch lost by the Assemi family after a $700 million loan default. The ex-CFO claims he was fired for refusing to sign false financial statements and warning the company was insolvent, while Assemi counters that the CFO is a disgruntled employee and insists Granville Homes remains financially healthy, separate from the family’s struggling farm operations. The lawsuit could reshape the fate of the Assemi empire, already reeling from massive debt and asset seizures.
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