WASHINGTON: The US court has sentenced an Indian-American to 40 months in prison for wire fraud and identity theft in connection with a fraud investment scheme worth around $ 1.26 million, said the federal prosecutor.
According to court records and the evidence presented in court, Manish Singh, 48, signed an agreement in 2016 with a married couple to create a business that would design and sell upscale cloth.
The couple is to provide capital for business, and Singh contributes to his expertise and contacts in the fabric industry.
Singh represents the investor victims that their money is used for various costs associated with business, such as making fabrics in India.
“In fact, Singh used the victim’s money almost entirely for personal expenses, mostly to see online pornography online.
Based on Singh representation errors, the victims gave him around $ 1.26 million for business businesses cheating,” said the Ministry of Justice.
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