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$484,873.95 - Fraud by Indian American

The accused is Kiran Andhavarapu

United States, May 2 (UITV) - An Indian-American  Kiran Andhavarapu, 45, pleaded guilty Feb. 9, and was sentenced April 27, according to a press release from the U.S. Attorney for the Southern District of Texas.

He is from Conroe, Texas, who stole from his employer, has been sentenced to prison for bank fraud.

How He made it?

He had opened  bank accounts in the name of “EProduction Solutions” in which he is working as a employee and listing himself as the owner and sole proprietor of the business.

Andhavarapu then stole refund checks made out to and belonging to his employer and deposited them in the accounts he had created.

The FBI conducted the investigation.

As part of his plea, Andhavarapu admitted he stole a total of $484,873.95.

US District Judge Keith P Ellison, who accepted the guilty plea, said Andhavarapu abused a position of trust as a financial controller which facilitated his commission of the crime.

He will remain in custody pending transfer to a US Bureau of Prisons facility to be determined at a later date, the statement said.