Indian-origin man's assets to be freezed in fraud scheme in US

Last Updated: Friday, August 21, 2015, 14:50

A US court has asked federal regulators to freeze the assets of an Indian-origin IIT and Harvard alumnus who has been charged with a fraud scheme in which the investment professional allegedly obtained about USD 65 million in ill-gotten gains.

Indian-American charged in $1.9 million fraud scheme

Last Updated: Tuesday, August 11, 2015, 09:43

Yashvant Patel, 59, has been charged with four counts of mail fraud and four counts of making false statements in documents required to be kept under federal laws. The indictment seeks forfeiture from Patel of USD 1.9 million.

States hold major responsibility to plug fraud scheme: RBI

Last Updated: Thursday, July 4, 2013, 19:10

State governments hold a major responsibility of taking steps against fraudulent schemes that end up collecting money from a large number of people, Reserve Bank Governor D Subbarao said Thursday.