http://danvillesanramon.com/square/print/2011/09/13/walnut-creek-man-sentenced-to-five-years-for-investment-fraud-loan-funding-scheme


Town Square

Walnut Creek man sentenced to five years for investment fraud, loan-funding scheme

Original post made on Sep 13, 2011

A Walnut Creek resident was sentenced to 63 months in prison on Wednesday in connection with a multi-million dollar investment fraud scheme, United States Attorney Melinda Haag announced. Along with three others, Lal Bhatia created fraudulent corporations that intended to borrow $160 million to finance fake construction projects.

Read the full story here Web Link posted Monday, September 12, 2011, 4:47 PM

Comments

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Posted by CW
a resident of Danville
on Sep 13, 2011 at 1:37 pm

I am curious if this Mr. Lal Bhatia is a U.S. citizen or an illegal?
What nationality is he? I don't know about you but I am fed up with people coming here from other countries taking advantage of Americans. Also, because our prisons are so crowded these criminals, especially Lal Bhatia, will doubtfully not fulfill his complete sentence.....and the financial restitution, what a joke!! How do you get blood out of a turnip? By the way, notice how short their incarcerations are? Berger gets "ONE DAY" in prison! Now that's real punishment! NOT! This article doesn't say what the sentence is for Lal Bhatia or Shelton, his co-conspirator. Hmmmmm??? do you see any justice here? I sure don't!


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Posted by CW
a resident of Danville
on Sep 13, 2011 at 1:41 pm

OOPS! Sorry folks! I intended to say Lal Bhatia will doubtfully fulfill his sentence! Just wanted to make that correction!


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Posted by Michelle
a resident of Danville
on Sep 13, 2011 at 2:28 pm

Well at least they got him. We have major embezzlement cases in this town that they do nothing about.....Still waiting....


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Posted by Tom
a resident of Danville
on Sep 14, 2011 at 10:14 am

Hey CW,

What would make you think Lal Bhatia is not a US citizen? That is a strange question. I don't see any reference to anything in the article that would make you think Lal Bhatia is not a US citizen.


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Posted by John
a resident of Walnut Creek
on Sep 14, 2011 at 3:12 pm

yea CW, why dont you asked about whether Shelton is also an illegal, Shelton sounds pretty English to me, Must be an illegal Brit, and Henri Berger, probably some Frenchie