Ashish Bajaj, 29, of India lived in different parts of the United States including Anaheim, Orange County, California and New Rochelle, Westchester County, New York. Established in New York City, New York and incorporated on January 16, 2020, a company called Crypto E Service LLC was associated with him.
Bajaj opened at least two bank accounts in the name of Crypto E Service LLC, which were both associated with an address in New Rochelle. From at least as early as in or around April 2020 through in or around July 2021, he and his co-conspirators received at least around $2.3 million in fraudulently obtained funds by impersonating fraud prevention representatives from banks located in the U.S.
The victims sent international wire transfers to various banks located in China, India, Singapore and the United Arab Emirates. They also sent money through an online application to bank accounts held by Bajaj in the U.S.
On December 30, 2020, Bajaj opened a bank account with Anaheim listed as his address. Using the account, he made around 20 payments to a telecommunication service provider from January 11-29, 2021 and closed the account on February 11, 2021.
On August 3, 2021, Bajaj was arrested and charged with conspiracy to commit wire fraud. He appeared in federal court in the Middle District of North Carolina before U.S. Magistrate Judge Joe L. Webster.
On August 4, 2022, Bajaj pleaded guilty before U.S. District Judge Kevin McNulty in federal court in Newark, New Jersey, USA to an information charging him with conspiracy to commit wire fraud. He will be sentenced on December 8, 2022.
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