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42 lakh fake users, ₹1,400 cr deal: How a startup sale turned into a major US fraud case

Last Updated: Jan 08 2026 | 7:59 PM IST

A celebrated startup founder. A $175 million acquisition. And millions of users that allegedly never existed. This is the story of how one deal meant to change student finance in the US spiralled into one of the most high-profile fraud cases in recent years.

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