https://www.siliconvalley.com/2021/03/26/real-estate-bay-area-developer-deal-sec-fraud-silicon-sage/

SAN JOSE — A Bay Area developer who is the key figure in a federal fraud case has struck a deal with U.S. regulators that could help pave a path for investors in his projects to recoup some of the money they placed with him, court papers show.

Developer Sanjeev Acharya and his real estate firm Silicon Sage Builders have reached a partial settlement with the Securities and Exchange Commission in a fraud case, according to an order issued March 24 by U.S. District Court Judge Susan Illston.