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Cases / Real estate

SiliconSage Builders LLC

Sanjeev Acharya

ReportedDec 21, 2020
LocationSunnyvale, CA
Amount$119,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
SiliconSage Builders LLC
Industry
Real estate development projects
How investors were recruited
Affinity fraud targeting the Northern California South Asian community; about 250 investors
Pitch & red flags
"Exorbitant returns"; presented company as profitable despite cost overruns

Pitch phrases from this case

Source

SEC official

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