California Real Estate Fraud Report

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22
Mar

Stockton Developer Charged in Financing of Commercial Project

A Modesto-area developer with plans to build a large commercial property, including an IMAX theater, has been indicted for mail fraud  for trying to fool City officials.

Aruna Kumari Chopra, 63,  Ms. Chopra purchased property at 4754 Dale Road in 2009 and tried to convince Stockton officials to issue bonds to finance the development and infrastructure of the proposed project. Unfortunately, according to U.S. Attorney Benjamin Wagner, she not only failed to disclose that there were already liens against the property, she allegedly falsified sales contracts in order to boost the appraisal value of the property (appraisal fraud). In addition, she is charged in the indictment with aggravated identity theft for forging signatures on documents she filed with the Stanislaus County Recorder’s Office and used the seal of a notary public to validate the documents (notary fraud).

Read the original article in the Central Valley Business Times.

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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