Bergen County Prosecutor Mark Musella announced the arrests of Chander Singh 44; Sooruh “Paul” Singh, 74, and Savitree “Joyce” Singh, 71, of Emerson and Subhas “Brian” Singh, 50; and Chandrika “Basil” Singh, 71, of 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.
According to officials, in February, 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.
The investigation 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.
The investigation found that Chander Singh conspired in his fraudulent scheme with his father and mother, Sooruh “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.
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.