Indian-origin investment advisor jailed for Facebook stock fraud
In 2011 and 2012, Movalia raised more than USD 9 million from 130 investors by falsely claiming to have access to pre-initial public offering shares of Facebook.
Nov 05, 2015, 10:14 AM ISTIndian descent investment adviser admits to $9 million Facebook stock fraud
An investment adviser of Indian descent has admitted to a $9million-fraud involving Facebook stock Thursday, the Federal Bureau of Investigation announced.
Aug 14, 2015, 09:05 AM IST