Home / Diaspora / Indian-origin man pleads guilty to $1.7 million fraud charges in US
Indian-origin man pleads guilty to $1.7 million fraud charges in US

Indian-origin man pleads guilty to $1.7 million fraud charges in US

Indian-origin man pleads guilty to $1.7 million fraud charges in the US

The US court has convicted an Indian-origin man in a fraud case involving a scheme worth millions with his employer.

Maryland’s public prosecutor and Federal Investigation Agency official said Rakesh Kaushal was convicted last week on fraud charges.

Rakesh Kaushal of Maryland pleaded guilty last week to the federal charge of conspiracy to commit wire fraud.

According to the information received, Kaushal was employed between August 2015 and January 2017 by a company that primarily provided construction and design services to federal government agencies.

United States Attorney for the District of Maryland

Rakesh can be sentenced to a maximum of 20 years in prison for the wire fraud conspiracy.

The company is headquartered in Maryland.

The 66-year-old Kaushal admitted that he, along with Thran, conspired to defraud the Maryland-based company. By making fraudulent payments for work allegedly done by three Thran companies, which Kaushal himself reviewed and approved.

United States Attorney for the District of Maryland

Ivan Victor Thrane was president and the owner of three construction companies operating in Dickerson and Beltsville, Maryland.

Prosecutors said Kaushal committed a total of USD 650 million fraud, sending money from one of his bank accounts to an account in India, with Kaushal listed as the beneficiary.

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