A 51-year-old Gilroy woman, Anita Sharma, is one of three Bay Area residents charged with mail fraud, bank fraud and false statements on a loan and credit application, according to a press release from the U.S. Department of Justice.
A federal grand jury returned a 12-count indictment that alleges Sharma, along with Surjit Singh, 66, of Dublin; and his son, Rajeshwar Singh, 38, of Pleasanton are responsible for the origination of more than $2.1 million in residential mortgage loans. Four properties in Elk Grove, Sacramento, Modesto and Stockton are charged in this indictment. All of the properties were foreclosed on, resulting in a total loss of more than $1.2 million, the press release states.
Assistant United States Attorney Lee S. Bickley is prosecuting the case, which is the product of an investigation by the Federal Bureau of Investigation.
If convicted, the defendants face a maximum penalty of 30 years in prison and a $1 million fine. The actual sentence will be determined at the discretion of the court.
The White Pages show one listing for an Anita Sharma living in Gilroy. The address is on the 8700 block of Arbor Street.
