An Indian American man has been arrested in New Jersey for his involvement in a massive tech fraud that cheated over 7,000 victims of more than $13 million. Manoj Yadav and his conspirators allegedly posed as a legitimate technology support company affiliated with a major US business and accounting software company that developed and sold a widely used accounting software product.
The fraudsters contacted the victims under the pretext of fixing technical issues they faced with the accounting software. They claimed to provide technical support for issues involving the software company’s popular accounting software, QuickBooks. They charged the victims exorbitant fees for support services that were not authorized by the software company.
The fraudsters used various techniques to deceive the victims, such as displaying fake error messages, creating fake invoices, and remotely accessing the victims’ computers.
Anyone who suspects that they have been scammed by this scheme should reach out to the FBI. The offenders face a fine of $250,000 or twice the amount of money they gained or lost from their crime, whichever is higher, and up to 20 years behind bars for conspiring to commit wire fraud.
