Indian-American sentenced to 3 years of imprisonment for defrauding senior residents

An Indian-American has been sentenced to 3 years of imprisonment within the US for laundering money proceeds that defrauded senior residents.

US Attorney for the Northern District of Illinois introduced the sentencing on Thursday. (Representational picture)

An Indian-American has been sentenced to 3 years of imprisonment within the US for laundering money proceeds from a telemarketing scheme that defrauded senior residents.

Hirenkumar P. Chaudhari, 29, of Illinois pleaded responsible final 12 months to a federal cash laundering cost, stated John R Lausch, US Attorney for the Northern District of Illinois, as he introduced the sentencing on Thursday.

Chaudhri performed a pivotal position in a telemarketing scheme by laundering cash acquired instantly from aged victims, he stated.

According to federal prosecutors, Chaudhari used a phony Indian passport, false identify, and false deal with to open a number of financial institution accounts within the US to obtain cash from victims of the telemarketing scheme.

The rip-off concerned cellphone calls from individuals falsely claiming to be related to, amongst different businesses, the Social Security Administration and US Department of Justice, stating {that a} sufferer’s id had been stolen and that it was essential to switch cash to varied financial institution accounts, together with the accounts opened by Chaudhari.

“One of the victims was a retired nurse from Massachusetts who transferred a total of more than USD 900,000 from her bank and retirement accounts to accounts controlled by Chaudhari or others,” the Department of Justice stated.

“On April 19, 2018 one day after Chaudhari opened an account and received a USD 7,000 transfer from the Massachusetts victim Chaudhari entered a bank branch in Chicago and withdrew USD 6,500. Chaudhari engaged in this financial transaction knowing that the money represented proceeds of unlawful activity,” it stated.

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