Skip to content

Indian-origin man arrested in US for alleged USD 45 million investment fraud

He will face up to 20 years in jail for each count of wire fraud and up to 10 years in prison for each count of carrying out illegal financial transactions if found guilty.

Photo by Erik Mclean / Unsplash

A 50-year-old tech entrepreneur of Indian descent has been detained in the US for an alleged investment scheme that netted him many expensive cars and real estate while defrauding over 10,000 victims out of over USD 45 million.

The Department of Justice reported that Las Vegas, Nevada native Neil Chandran was taken into custody on June 29,2022 in Los Angeles.

This post is for paying subscribers only

Subscribe

Already have an account? Log in

Latest