Indian-origin accountant jailed in Texas for $900K loan fraud
Arun Mago, a 47-year-old Indian-origin accountant and author, was sentenced to 41 months in prison for money laundering and bank fraud. He laundered $150,000 in cash linked to cocaine distribution between October 2023 and July 2024, undermining the US government's Paycheck Protection Program. Authorities tracked his $900,000 loan fraud during the investigation.
TOI World·




