Federal Bureau of Investigations officers photograph documents outside of the Discovery Homes office at 4061 Port Chicago Highway in Concord, Calif., on Thursday Feb. 18, 2010. Federal agents have shut down two Seeno family development companies offices along Port Chicago Road while they execute search warrants. (Susan Tripp Pollard/Staff)
SUSAN TRIPP POLLARD Federal Bureau of Investigations officers photograph documents outside of the Discovery Homes office at 4061 Port Chicago Highway in Concord, Calif., on Thursday Feb. 18, 2010. Federal agents have shut down two Seeno family development companies offices along Port Chicago Road while they execute search warrants. (Susan Tripp Pollard/Staff)

A federal judge excoriated members of the Seeno family for failing to attend a hearing where one of their companies was expected to plead guilty to criminal bank fraud charges, reports Matthias Gafni of the Bay Area News Group.

Discovery Sales "was formally charged for its role in the 'builder bailout' scam that allowed the Seeno companies to continue selling properties at high prices during the housing market downturn by obtaining mortgages for home buyers through illegal means,'" reports Gafni

Judge Yvonne Gonzalez Rogers declined to rubber stamp a plea deal because she said she did not have enough evidence to accept a fine and restitution of $11 million for Discovery Sales.

Gonzalez Rogers focused her ire on the absence at the plea hearing of Discovery Sales President Albert Seeno III, who along with his father, Albert Seeno Jr., operates a Bay Area home building empire, according to Gafni.

Read the article for more on information about the court case.

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