Indian arrested in US for 25 million fraud

( PTI) Washington ,Ta. 1

Neil Chandran, an Indian-origin tech entrepreneur, has been arrested in the United States in a. 25 million fraud case. The case is linked to an investment scheme in which more than 10,000 people were involved in fraud .

Neil Chandran, 30, a Las Vegas resident of Naveda, was arrested Wednesday, according to the Justice Department. According to the probe, Neil Chandran owned a group of technology companies. Which he used to defraud investors.

He made false promises to give people more returns. Neil Chandran's companies included Free V Lab ,Studio V Inc. , V Delivery Inc. , Vimacart Inc. and Scales USA.

He also owns another company, Virtual World Technology. They also have their own cryptocurrency. Which are used in the company's own metavers.

In this case, more than 100 properties including bank accounts ,real estate , luxury vehicles including 3 Tesla vehicles have been seized.