Tag: Neil Chandran

US Owner of Technology Companies Arrested In $45M Investment Fraud Scheme Involving Over 10,000 Victims

Court Cases Charlene Lensburg - June 30, 2022

The U.S. Department of Justice (DoJ) announced that the Las Vegas-based Neil Chandran was arrested today in Los Angeles for an alleged investment fraud scheme that defrauded more than 10,000 victims of over $45 million. According to the indictment, he owned a group of technology companies that he used in a scheme to defraud investors by falsely promising extremely high returns on the premise that one or more of his companies, operated under the banner of “ViRSE,” was about to be acquired.

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