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Indian-origin entrepreneur arrested and charged by federal prosecutors in US for $45 Million fraud scheme

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Image Credit: asianlite

An Indian-origin entrepreneur with ambitious goals of developing virtual-world technologies has been arrested and charged by federal prosecutors in an alleged $45 million investment fraud scheme that targeted more than 10,000 people. US Assistant Attorney General Kenneth Polite announced on Wednesday the filing of charges in a federal court in Nebraska against Neil Chandran, who owned several companies under the banner of ViRSE.