A Maple Grove hustler has been smacked with an indictment for concocting a fraudulent investment operation that ripped off over $10 million from unsuspecting investors and big-money institutions, as announced by U.S. Attorney Andrew M. Luger in a statement.
Per court documents, Aditya Raj Sharma, 50, the big boss and sole player of a techie firm Crosscode Inc., cooked up the books from 2015 to at least May 2019, duping folks to pour dough into his sinking ship, the company had no real cash flow and was bogged down by debt – Sharma even bagged himself a heavy $950,000 credit line from a bank and hoodwinked at least 150 investors to fork over some $9.25 million.
Those investment dreams turned nightmares landed Sharma with a somber quartet of wire fraud charges and a pair of bank fraud claims, as he faced the music in U.S. District Court before Magistrate Judge Dulce J. Foster just yesterday.
Digging down into this deception that unfolded behind the Silicon veneer of Crosscode was none other than the feds themselves, with the FBI trailing the breadcrumbs of fraud that Sharma left behind, Assistant U.S. Attorney Matthew S. Ebert is prosecuting the case.
However, it's worth noting that this charge sheet isn't a guilty verdict and he's innocent until the gavel falls, and a jury of peers declares otherwise.
