U.S. News

Indian-American sentenced to 40 months in prison for cheating in the name of starting a business

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Washington, Aug 24 (PTI) An Indian-American national has been jailed for 40 months by a US court after he pleaded guilty to misdemeanor money transfers and concealment of his identity in connection with a fraudulent investment scheme worth nearly $12.6 million. sentenced to. Federal prosecutors gave this information. According to court documents and evidence produced during the trial, Manish Singh (48) entered into an agreement with a couple in 2016 to carry on the business of designing and selling clothes. The couple had to pay capital for this and Singh

Washington, Aug 24 (PTI) An Indian-American national has been jailed for 40 months by a US court after he pleaded guilty to misdemeanor money transfers and concealment of his identity in connection with a fraudulent investment scheme worth nearly $12.6 million. sentenced to. Federal prosecutors gave this information. According to court documents and evidence produced during the trial, Manish Singh (48) entered into an agreement with a couple in 2016 to carry on the business of designing and selling clothes.

The couple had to fund this and Singh had to build the business through his expertise and contacts in the textile industry. Singh told the couple that their money was being spent on various business related things, including the production of cloth in India.

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The Justice Ministry said, “Indeed, Singh was using the money of the ‘victims’ almost entirely for his personal expenses. He used to visit porn websites mostly. The victims paid him about $12.6 million for the fraudulent joint business after Singh was given false information.”

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