According to Orange County Register’s Vik Jolly two sisters
have been sentenced for conspiring with relatives to commit more than $16
million in real estate fraud by forging documents and buying homes using straw
buyers.
Suniti Shah, 51, of Newport Coast, was sentenced to eight
years in state prison Friday after pleading guilty to more than 30 felony
counts, including conspiracy to commit a crime, forgery, identity theft and
other crimes, according to the Orange County District Attorney's Office. Supriti Soni, 52, of Corona del Mar, pleaded
guilty to nearly 40 counts, including conspiracy and grand theft and received
10 years in prison.
The women's mother, Sushama Devi Lohia, 74, of Newport
Beach, in December pleaded guilty to about 70 felonies related to the fraud and
tax evasion and was sentenced to eight years. A case against Shah's husband,
Dinesh Valjeebhai Shah, 62, is pending.
Prosecutors say between June 2006 and October 2009, Lohia
and the others obtained more than 15 fraudulent loans for properties in Orange
County through the use of straw buyers' credit. (A straw buyer is a person who
lets their credit be used in the purchase of property that someone else is
really buying.)....
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