California Real Estate Fraud Report

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22
Apr

Modesto Woman Sentenced for Defrauding Lenders on Shopping Center Project

Aruna Kumari Chopra, 66, was sentenced to prison one year and one day in prison, to be followed by a year of home confinement, for her mail fraud conviction in a mortgage fraud scheme she perpetuated against lenders.

In 2008, Chopra purchased property on Dale Road in Modesto that she planned to develop into a shopping center to be called “The Plaza at Dale.” She filed documents with the Stanislaus County Recorder’s Office containing forged signatures so that her lenders wouldn’t find out about liens on the property. The defrauded lenders made loans on the property for approximately $8.9 million. No word as to whether she still “owns” the property.

Aruna Chopra’s husband Sawtantra Chopra has his own ethical challenges, having previously pleaded guilty to one count of receiving illegal kickbacks in a real estate transaction in Danville. For that, he was sentenced to 180 days of home detention, fined $75,000, ordered to do 500 hours of community service and placed on three years of probation, according to a December 1, 2014 report in the Modesto Bee. Sawtantra Chopra, who studied medicine in India and has practiced in California since 1975, cooperated with an investigation by the state Medical Board, which only suspended his doctor license for one month and ordered him to take an ethics course.

Read the original article in the News India Times.

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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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