https://www.mercurynews.com/2021/01/26/real-estate-developer-sec-fraud-bankruptcy-acharya/ > SAN JOSE — Sanjeev Acharya, a South Bay developer who faces fraud allegations and the implosion of his Bay Area real estate empire, has filed for bankruptcy,  hoping to reorganize his company’s finances. > In the Chapter 11 bankruptcy case, Acharya stated he had incurred at least $100 million and as much as $500 million in debts, according to documents on file with the U.S. Bankruptcy Court.