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Indian American Man Admits Defrauding Victims of Over $5 Million
HI INDIA NEWS DESK
CAMDEN, NJ – Vijay Reddy, an Indian American man from Michigan admitted defrauding victims of more than $5 million in connection with the sale of medical-related business opportunities.
According to documents filed in the case, Reddy and his conspirators advertised business opportunities for sale on various websites. They purported to sell “blocks” of contracts with medical providers.
At least 77 victims sent more than $5 million to accounts controlled by the conspirators. The conspirators spent the victims’ money on personal expenses, including travel, jewelry, real estate, a wedding and college education, and other business investments