Posted on

Three Bergen Realtors Arrested in Multi Million Dollar Ponzi Scheme

the staff of the Ridgewood blog

Emerson NJ, Bergen County Prosecutor Mark Musella announced the arrests of CHANDER SINGH (DOB: 07/01/1976; married; owner of SC Capital Investors LLC) of 217 Grayson Place, Teaneck; SOORUJ “PAUL” SINGH (DOB: 03/03/1946; married; employed by Century 21 All Stars 100) and SAVITREE “JOYCE” SINGH (DOB: 12/03/1948; married; employed by Century 21 All Stars 100) both of 33 Sunset Place, Emerson; SUBHAS “BRIAN” SINGH (DOB: 06/21/1970; employed by Century 21 All Stars 100) of 30 South Demarest Place, Bergenfield; and CHANDRIKA “BASIL” SINGH (DOB: 09/10/1949; married; employed by Century 21 All Stars 100) of 71 East Main Street, Bergenfield on Money Laundering, Theft, and Forgery charges. The arrests are the result of an investigation conducted by the Bergen County Prosecutor’s Office under the direction of Chief Robert Anzilotti.

In February 2020, detectives from the Bergen County Prosecutor’s Office Financial Crimes Unit began receiving complaints regarding CHANDER SINGH, Esq., and his company, SC Capital Investors LLC, from multiple investors who stated that they were owed money from various related real estate transactions. The subsequent investigation revealed that CHANDER SINGH and his company, SC Capital Investors LLC, a distressed real estate renovation company, perpetrated a Ponzi-like scheme in which CHANDER SINGH promised investors double digit returns. It further revealed that CHANDER SINGH falsely solicited $4.7 million from approximately 30 investors through a web of entities under the umbrella of SC Capital Investors LLC. CHANDER SINGH operated the fraudulent scheme since at least 2014.

CHANDER SINGH conspired in his fraudulent scheme with his father and mother, SOORUJ “PAUL” SINGH and SAVITREE “JOYCE” SINGH, both licensed real estate brokers/agents; his brother SUBHAS “BRIAN” SINGH, a licensed real estate agent; and their family friend CHANDRIKA “BASIL” SINGH, a licensed real estate agent and Director of the Eastern Bergen Board of Realtors, a panel which oversees ethical complaints related to real estate, and a board member of the New Jersey Multiple Listing Service.

On Tuesday, November 10, 2020, CHANDER SINGH was arrested and charged with one count each of Money Laundering, in violation of N.J.S.A. 2C:21-25b(1), a 1st degree crime; Conspiracy To Commit Money Laundering, in violation of N.J.S.A. 2C:21-25b(2), a 2nd degree crime; Conspiracy to Commit Theft Of Entrusted Property, in violation of N.J.S.A. 2C:20-9, a 2nd degree crime; Conspiracy To Commit Theft By Deception, in violation of N.J.S.A. 2C:20-4(a), a 2nd degree crime; Conspiracy To Commit Identity Theft, in violation of N.J.S.A. 2C:21-17a(4), a 2nd degree crime; Conspiracy To Commit Forgery, in violation of N.J.S.A. 2C:21-1a(3), a 3rd degree crime; Conspiracy To Commit Structuring Financial Transactions, in violation of N.J.S.A. 2C:21-25e(3), a 3rd degree crime; Conspiracy To Commit Falsifying Or Tampering With Records, in violation of N.J.S.A. 2C:21-4b, a 3rd degree crime; and Hindering, in violation of N.J.S.A. 2C:29-3b3, a 3rd degree crime. He was remanded to the Bergen County Jail pending his first appearance in Central Judicial Processing Court in Hackensack.

On Tuesday, November 10, 2020, SOORUJ “PAUL” SINGH, SAVITREE “JOYCE” SINGH, SUBHAS “BRIAN” SINGH, and CHANDRIKA “BASIL” SINGH were arrested and charged with one count each of Conspiracy To Commit Money Laundering, in violation of N.J.S.A. 2C:21-25b(2), a 2nd degree crime; Conspiracy To Commit Theft Of Entrusted Property, in violation of N.J.S.A. 2C:20-9, a 2nd degree crime; Conspiracy To Commit Theft By Deception, in violation of N.J.S.A. 2C:20-4(a), a 2nd degree crime; Conspiracy To Commit Identity Theft, in violation of N.J.S.A. 2C:21-17a(4), a 2nd degree crime; Conspiracy To Commit Forgery, in violation of N.J.S.A. 2C:21-1a(3), a 3rd degree crime; Conspiracy To Commit Structuring Financial Transactions, in violation of N.J.S.A. 2C:21-25e(3), a 3rd degree crime; and Conspiracy To Commit Falsifying Or Tampering With Records, in violation of N.J.S.A. 2C:21-4b, a 3rd degree crime. They were remanded to the Bergen County Jail pending a first appearance in Central Judicial Processing Court in Hackensack.

Prosecutor Musella states that the charges are merely accusations and that the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt, and he would like to thank the Bergen County Sheriff’s Office, and the Emerson, Teaneck, and Bergenfield Police Departments for their assistance in this investigation.

9 thoughts on “Three Bergen Realtors Arrested in Multi Million Dollar Ponzi Scheme

  1. They will be singhing the blues soon.

    15
    3
  2. I Singh they are criminals.
    I only guess, yes?

  3. Send up the river to sing sing prison….

    5
    1
  4. Didn’t they get elected to the Ridgewood BOE?

    1
    1
  5. This is bullshit and not true !

  6. Unbelievable, I know these people I guess I will not believe until proven guilty 🙁 , and if guilty as charged that will be a total shame to know the extent humans will go for 💰 …

  7. They are the biggest crooks going back to the 70s

    3
    1
  8. Paul is the biggest scum going
    This guy is bad news going back to the 80s unfortunately corrupted his son I’m surprised nobody put him in jail long ago or put a ….. to his head

Leave a Reply

Your email address will not be published.