Popular Post Lorry_Driver Posted March 10, 2022 Popular Post Report Posted March 10, 2022 Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California. Budamala must be a non-green card holder and a non-citizen or he would not have dealt with the EB-5 program. He also must have made an investment in the non-pooled investment part of the program given the dollar figure shown, because $500,000 investments were the norm in the part of the program shut down by Congress last summer. Details, usually found in the courts’ PACER files, are not available as a PACER file has not yet been set up for this case, though Budamala, regarded as a flight risk, is currently in jail. Given his first name, Reddy, he is probably from South India, the home of many H-1Bs. And one of his companies, Hayventure LLC, filed for and got an H-1B certification in 2019, for a chief technology officer, according to myvisajobs. Perhaps that job was filled by Budamala. According to the press release, he was a busy guy. He filed for seven loans in the Paycheck Protection and Economic Injury Disaster Loan programs, six of which were successful for $5,151,497, failed when he filed for a U.S. passport (suggesting, again, that he is a non-citizen), bought a (presumably modest) $597,585 property in chic Malibu, and opened a $3 million brokerage account. Federal agents searched his home in Irvine on February 25, and he was stopped at the U.S. Mexico border early the next morning. https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa A2 Reddy ni follow ayinattunnaadu 8 Quote
Popular Post Rendu Posted March 10, 2022 Popular Post Report Posted March 10, 2022 Govvvv.....tho games adithe salthi galanthu avuthundi Perfect example 3 Quote
Fish Posted March 10, 2022 Report Posted March 10, 2022 4 minutes ago, Lorry_Driver said: Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California. https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa A2 Reddy ni follow ayinattunnaadu How did he open companies on H1? Quote
ZoomNaidu Posted March 10, 2022 Report Posted March 10, 2022 1 minute ago, Fish said: How did he open companies on H1? Wife peru meedha open chesi vundochu ga Quote
Picheshwar Posted March 10, 2022 Report Posted March 10, 2022 6 minutes ago, Lorry_Driver said: Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California. https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa A2 Reddy ni follow ayinattunnaadu Quote
cbnfankadubeyac Posted March 10, 2022 Report Posted March 10, 2022 7 minutes ago, Lorry_Driver said: Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California. https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa A2 Reddy ni follow ayinattunnaadu He will be in jail for 3 months and come out without any issues and enjoy life Quote
cbnfankadubeyac Posted March 10, 2022 Report Posted March 10, 2022 3 minutes ago, Fish said: How did he open companies on H1? You can open companies on H1 but you can not work for that company, frog in well you are 1 Quote
Fish Posted March 10, 2022 Report Posted March 10, 2022 7 minutes ago, ZoomNaidu said: Wife peru meedha open chesi vundochu ga Aithe wife ni kada fraud kinda arrest cheyali Quote
Fish Posted March 10, 2022 Report Posted March 10, 2022 6 minutes ago, cbnfankadubeyac said: You can open companies on H1 but you can not work for that company, frog in well you are Got u 1 Quote
Fish Posted March 10, 2022 Report Posted March 10, 2022 15 minutes ago, Lorry_Driver said: Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California. Budamala must be a non-green card holder and a non-citizen or he would not have dealt with the EB-5 program. He also must have made an investment in the non-pooled investment part of the program given the dollar figure shown, because $500,000 investments were the norm in the part of the program shut down by Congress last summer. Details, usually found in the courts’ PACER files, are not available as a PACER file has not yet been set up for this case, though Budamala, regarded as a flight risk, is currently in jail. Given his first name, Reddy, he is probably from South India, the home of many H-1Bs. And one of his companies, Hayventure LLC, filed for and got an H-1B certification in 2019, for a chief technology officer, according to myvisajobs. Perhaps that job was filled by Budamala. According to the press release, he was a busy guy. He filed for seven loans in the Paycheck Protection and Economic Injury Disaster Loan programs, six of which were successful for $5,151,497, failed when he filed for a U.S. passport (suggesting, again, that he is a non-citizen), bought a (presumably modest) $597,585 property in chic Malibu, and opened a $3 million brokerage account. Federal agents searched his home in Irvine on February 25, and he was stopped at the U.S. Mexico border early the next morning. https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa A2 Reddy ni follow ayinattunnaadu Athayasa ki poyayi idantha thechukunnadu….EB5 lo citizenship ki apply cheyadam vallane dorikinattu unnadu 1 Quote
tennisluvrredux Posted March 10, 2022 Report Posted March 10, 2022 8 minutes ago, cbnfankadubeyac said: He will be in jail for 3 months and come out without any issues and enjoy life Antha easy kaademo since his name is in public domain now. future lo businesses cheyalana jobs ki apply chesina background checks lo bayata padutundi gaa 1 Quote
ZoomNaidu Posted March 10, 2022 Report Posted March 10, 2022 Just now, Fish said: Athayasa ki poyayi idantha thechukunnadu….EB5 lo citizenship ki apply cheyadam vallane dorikinattu unnadu Ledhu theesukunnollu meedha chaala ney auditings paddaayi. 1 Quote
.thumb.jpg.ce42bb16ec102475a78c2087ce269c7d.jpg)
.thumb.gif.343fe49c7e1c507ae0056326bd8cf77e.gif)
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.