An Indian based out of the US and a resident of Fredericksburg, Virginia, finally pleaded guilty to conspiracy to commit wire fraud. The accused is Rishi Budhadev, 37, who worked with unnamed conspirators from India before he was put on trial.
Budhadev admitted to receiving a series of fraudulent MoneyGram money transfers from several individuals he did not know in October 2015. He also admitted to receiving a fraudulent deposit of $9000 in his account from a person he did not know. Budhadev also confessed that he received the transfers at the request of a co-conspirator located in India.
He further added that he used the Moneygram money transfers to purchase iPhones, which he delivered to the same co-conspirator in February 2016. He also deposited $9000 that came into his account to the unnamed man in India.
After complaints from victims, the US government started an investigation and finally got Budhadev to confess. The maximum penalty under federal law for this offense is 20 years of imprisonment if proven guilty.