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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


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Posted by Showmie Dimonie
a resident of Blackhawk
on Oct 11, 2014 at 11:19 am

Really, CW? Greed only knows ONE COLOR, and it's GREEN.

Please take your bigotry and put it where no colors are apparent.


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Posted by Derek
a resident of Danville
on Oct 11, 2014 at 5:40 pm

Why I think CW makes perfect sense. After all, no true blooded honest citizen (assuming Lal snuck in from the swamps of Thailand) like Jamie Dimon ever cheated hard working 'mericuhns out of any money at all. Besides, what's all the complaining about? Isn't this just a round-about example of Adam Smith & Milton Friedman's wonderful invisible hand theory? Viva la Capitalism !


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Posted by Malissa Delh
a resident of John Baldwin Elementary School
on May 18, 2015 at 4:08 pm

Hello, I am Malissa Delh, currently living in New jersey city, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in April 2014 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit. But as God would have it, I was introduced to a Man of God a private loan lender who gave me a loan of $85,000USD and today am a business owner and my kids are doing well at the moment, if you must contact any firm with reference to securing a loan without collateral , no credit check, no co signer with just 3% interest rate and better repayment plans and schedule, please contact Mr James Lewis. He doesn't know that am doing this but am so happy now and i decided to let people know more about him and also i want God to bless him more.You can contact him through his email: amacoloancompany@cash4u.com or amacoloancompany@gmail.com