{"id":1004065,"date":"2026-04-21T11:45:08","date_gmt":"2026-04-21T06:15:08","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1004065"},"modified":"2026-04-21T11:47:15","modified_gmt":"2026-04-21T06:17:15","slug":"421m-ai-business-scam-how-2-indian-origin-tech-executives-inflated-revenue-through-sham-contracts-in-us","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/04\/21\/421m-ai-business-scam-how-2-indian-origin-tech-executives-inflated-revenue-through-sham-contracts-in-us\/","title":{"rendered":"$421M AI business scam: How 2 Indian-origin tech executives \u2018inflated\u2019 revenue through \u2018sham contracts\u2019 in US"},"content":{"rendered":"<p>Two Indian-origin tech executives were charged with multiple crimes, including running a continuing financial crimes enterprise, conspiracy to commit securities fraud, securities fraud, conspiracy to commit wire fraud, and wire fraud, according to a ten-count indictment unsealed in a Brooklyn federal court on Friday (US time). <\/p>\n<p>Identified as Puthugramam \u201cHarish\u201d Chidambaran and Sayyed Farhan Ali \u201cFarhan\u201d Naqvi, the top officials were also accused of falsely inflating their now-bankrupt company\u2019s revenue by hundreds of millions of dollars through \u201csham contracts\u201d with entities they controlled, along with other employees, friends and family members.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two Indian-origin tech executives were charged with multiple crimes, including running a continuing financial crimes enterprise, conspiracy to commit securities fraud, securities fraud, conspiracy to commit wire fraud, and wire fraud, according to a ten-count indictment unsealed in a Brooklyn federal court on Friday (US time). Identified as Puthugramam \u201cHarish\u201d Chidambaran and Sayyed Farhan Ali \u201cFarhan\u201d Naqvi, the top officials were also accused of falsely inflating their now-bankrupt company\u2019s revenue by hundreds of millions of dollars through \u201csham contracts\u201d with entities they controlled, along with other employees, friends and family members.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1004065","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1004065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1004065"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1004065\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1004065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1004065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1004065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}