Authorities arrested an Indian American man in Passaid County, New Jersey last Thursday after accusing him in a tech support scam to cheat over 7,000 victims of more than $13 million nationwide. U.S. Attorney of New Jersey Philip R. Sellinger announced.
Manoj Yadav, 40, has been charged with one count of conspiracy to commit wire fraud.
Documents filed in the case reveal between 2017 to 2023, prosecutors believe Yadav and his conspirators operated under the guise of a technology support company affiliated with several major U.S. accounting software companies that produced its own products, reported by American Kahani.
“The defendant and his conspirators are alleged to have misled their numerous victims into thinking that they were a legitimate technology support company affiliated with a major software company,” Sellinger said.
The conspirators would target and convince victims, mainly small business owners and seniors, to receive their accounting software, before charging exorbitant fees or subscription prices.
Under several false entity names, Yadav was able to prevent charge backs and the closure of bank accounts, according to the Department of Justice.
In total, Yadav is believed to have delivered over $13 million in funds to his co-conspirators and from his transfers, allegedly held onto 17 percent of grossed profits.
If convicted, he will face a maximum penalty of 20 years in prison and a fine of $250,000 or twice the capital he accumulated or lost during the operations.
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