Page 4 - Indian American

Former Jaguars manager who stole $22 mn from team gets 78 months in prison

A former Jacksonville Jaguars financial manager who pled guilty to stealing more than $22 million from the NFL franchise through its virtual credit card programme was sentenced to 78 months in federal prison Tuesday. Judge Henry Lee Adams Jr sentenced Amit Patel, 31, in US District Court in Jacksonville. Patel, wearing a charcoal suit and a burgundy tie, showed no emotion inside the packed courthouse as the punishment was handed down. Prosecutors said Patel has returned $1.89 million, leaving his restitution tab at $21,132,454.40 -- a figure the judge acknowledged he will never be able to pay back following a felony conviction. Patel pled guilty in December to one count of wire fraud and one count of making an illegal monetary transaction. The judge sentenced Patel to 78 months on each count, to run concurrently. It was the lowest number under sentencing guidelines. He also got three years of supervised release. Patel's lawyer argued for a lighter sentence Tuesday, asking for no mo

India now distinct regional priority for Intel: Exec VP Christoph Schell

The global semiconductor industry is projected to reach a trillion-dollar valuation by 2030

Indian-American Sonali Korde sworn in as assistant to USAID administrator

From 2005 to 2013, Korde served as a senior technical advisor for the President's Malaria Initiative in USAID's Bureau for Global Health

Hyderabad IT student assaulted by three men in US, wife approaches MEA

IT student Syed Mazahir Ali was chased by three unidentified people near his house in Chicago on Sunday. The incident is being investigated

19-year-old Indian-American student found dead in US, second case this week

On Shreyas Reddy's death, the Consulate General of India in New York has ruled out foul play according to the initial information available

Indian-American Preesha, 9, among world's brightest students: Johns Hopkins

Preesha, who goes to Warm Spring Elementary in California's Fremont, was among 16,000 students from 90 countries to take the US-based JH-CTY test in Summer 2023 as a Grade 3 student

Indian Americans to play crucial role in shaping nation's future: Bhutoria

Less than a year left before the US presidential elections, an eminent community leader and a major Democratic party fundraiser believes that Indian Americans would be playing an important role in shaping the nation's future. Ajay Bhutoria, National Finance Committee member of the Democratic National Committee, told PTI in an interview that in many of the battleground states, Indian Americans could tilt the margin of victory in the November 5, 2024 race for the White House. This election is one of the most crucial elections. Asian-Americans, especially South Asian Americans, Indian Americans have a historic role to play in this election, Bhutoria, who has been part of the Joe Biden campaign from the day one of his election run in the first term, said. In many battleground states, if we talk about Michigan, if we talk about Nevada, if we talk about Wisconsin, Pennsylvania, Georgia, if we look at the data, we look at the Asian Americans and especially South Asian Americans, Indian ...

Biden appoints Indian American Shakuntla Bhaya to key position: Who is she?

US President Joe Biden has appointed Indian American Shakuntla L Bhaya to serve in a key role, the White House said. Bhaya was appointed as a member of the Council of the Administrative Conference of the United States. It is among the several new appointments announced by Biden on Wednesday, the White House said. Bhaya is a co-owner of a statewide Delaware law firm, Law Offices of Doroshow, Pasquale, Krawitz & Bhaya. Her practice focuses on representing individuals who are seriously injured as a result of businesses and people making unsafe decisions, the White House said. For the last seven years, Bhaya has been a member of Governor Carney's Judicial Nominating Commission. In addition to practising law, Bhaya is very involved in Delaware politics. She is currently a member of the Delaware Democratic Party's State Executive Committee. Bhaya, past President of the Delaware Trial Lawyers Association, continues to be involved in protecting consumers' 7th Amendment Right to a jury ...

US SEC to impose measures to halt $130 mn fraud targeting Indian Americans

The Securities and Exchange Commission on Monday announced that it has obtained a temporary restraining order, asset freeze, and other emergency relief to halt an ongoing fraud targeting the Indian American community that has raised nearly USD 130 million since April 2021. Nanban Ventures LLC, its three founders Gopala Krishnan, Manivannan Shanmugam, and Sakthivel Palani Gounder, collectively known as the Founders, and three other entities that these Founders control are allegedly involved in committing the fraud, the SEC said in a press statement. Unsealed in the US District Court for the Eastern District of Texas, the SEC complaint alleged that the defendants raised more than USD 89 million from more than 350 investors for investments in purported venture capital funds that the Founders managed through Nanban Ventures LLC. They also raised over USD 39 million from 10 investors which was later invested directly in the three other entities controlled by the Founders. The complaint .

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US presidential candidate Ramaswamy calls for 'strategic clarity' on Taiwan

The US embraces a policy that fails to recognise Taiwan as a nation and adopts the posture of strategic ambiguity over whether or not it will defend the East Asian country against a Chinese invasion, Indian American Republican presidential candidate Vivek Ramaswamy has said. Beijing considers Taiwan as its breakaway province and insists it should be unified with the mainland, by force if necessary. Taiwan, however, sees itself as completely distinct from China. It is vital for US national security interest to ensure that China does not acquire sole control of the global semiconductor supply chain, Ramaswamy said in a statement on Sunday amidst increasing tension with China on the Taiwan issue. Accordingly, the US should shift from strategic ambiguity to strategic clarity: commit to affirmatively defend Taiwan against Chinese annexation until the US achieves semiconductor independence, at which point the US should resume its current posture of strategic ambiguity, he said. Last week

Want Musk to be my presidential adviser: Indian-American Vivek Ramaswamy

Vivek Ramaswamy, an Indian-American Republican presidential candidate, has indicated that he would like Elon Musk to be an adviser in his administration if he gets elected as the US president in 2024. Ramaswamy, 38, made these remarks on Friday at a town hall in Iowa when he was asked about whom he would want as advisers for his potential presidency, NBC News reported. Ramaswamy admires the mass layoffs Musk conducted after taking over Twitter last year. The billionaire biotech entrepreneur said in response that he wanted people with a blank fresh impression who do not come from within the government. I've enjoyed getting to know better, Elon Musk recently, I expect him to be an interesting adviser of mine because he laid off 75 per cent of the employees at Twitter, Ramaswamy was quoted as saying in the report. And then the effectiveness actually went up, he noted. A second-generation Indian-American, Ramaswamy founded Roivant Sciences in 2014 and led the largest biotech IPOs of

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Not interested…: Vivek Ramaswamy denies interest for Vice President slot

Ramaswamy said he would turn down an offer of the vice presidency if he doesn't win the GOP presidential nomination for 2024

Indian-American economist Raj Chetty awarded top Harvard University prize

Prominent Indian-American economist Raj Chetty has been awarded the coveted George Ledlie Prize for wielding big data to break myths about who achieves the American Dream and the obstacles faced by others. Along with Chetty, Biologist Michael Springer, professor of systems biology at Harvard Medical School, who created a better, faster COVID test system to help deal with the spread of COVID, was also honoured with the coveted Harvard University's George Ledlie Prize. Springer also helped design and operate the new Harvard University Clinical Laboratory (HUCL), which managed testing and samples. Chetty, Professor of Economics at Harvard University is also director of Opportunity Insights, a group of economists based at Harvard who study inequality. Raj's groundbreaking work on economic mobility and his efforts to share this data with policymakers are making the American Dream more accessible to all, said University Provost and Chief Academic Officer Alan M. Garber. Mike and Raj are

Meet Vaibhav Taneja, Tesla's Indian-origin CFO

Tesla finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said on Monday and appointed accounting head Vaibhav Taneja in his place. >

Several Indian-Americans among 14 charged in $52 mn Covid relief fund fraud

Around 14 people, including several Indian-origin business owners and employees have been charged in a USD 53 million fraud scheme involving a COVID-19 pandemic relief programme in the US state of Texas. This case is the largest investigated by the Pandemic Response Accountability Committee (PRAC) Fraud Task Force to date, US Attorney for the Northern District of Texas Leigha Simonton said in a press release. The defendants were arrested on Tuesday and Wednesday in Texas, California, and Oklahoma, the release said. Simonton said the 14 people allegedly bilked the Paycheck Protection Program, a COVID-era financial program, and numerous financial institutions out of more than USD 53 million in loan proceeds. Defrauding the government is an affront to American taxpayers. Defrauding the government during a pandemic at a time when millions of hardworking entrepreneurs struggled to make payroll and rent is pouring salt in a wound, Simonton said. These defendants allegedly conspired to

Modi, Biden share light moments at dinner amid praise for Indian-Americans

Prime Minister Narendra Modi praised the stellar achievements of Indian-Americans in his remarks at the state dinner in which he had his high-profile guests often in laughter. Both President Joe Biden and Modi regaled their guests with some light moments while also being generous to each other, with the prime minister ending his speech with a toast to his wonderful hosts, including first lady Jill Biden, and the bond between the two countries. With Modi having a busy day attending several events, he said he had forgotten the count of speeches he made on Thursday. Apparently referring to South Korean President Yoon Suk Yeol who surprised guests by singing a song during a similar state dinner hosted for him in April, Modi said Biden's hospitality has moved his guests to sing, evoking laughter from the guests. He then wished that he too had the singing talent that "I could have also sung a song." Modi recalled that during a dinner hosted for him in 2014, he could not eat anything as h

First ever Hindu American Summit to be held at US Capitol on June 14

A group of eminent Indian-Americans from across the country have come together to host the first ever Hindu-American Summit for Political Engagement at the US Capitol, which organisers said along with others would be addressed by House Speaker Kevin McCarthy. Being organised by the recently formed Americans4Hindus political Action committee in association with over 20 other diaspora bodies, the Hindu-American Summit is to be held at the US Capitol on June 14 to raise the concerns of the Hindu community before the lawmakers. About 130 Indian American leaders from all over the country -- Florida, New York, Boston, Texas, Chicago and California representing 20 Hindu and Indian organisations are coming to the US Capital for the event. Hindu Americans, he said, are doing good across the country, but politically they are way behind. Politically, we think, we've never been discriminated against, we are doing well. But unfortunately, tides are changing. I'm from California, where ...

PM Modi to address invite-only Indian Americans in Washington on June 23

Prime Minister Narendra Modi will address a gathering of Indian Americans from across the US in Washington on June 23 on the role of diaspora in India's growth story, an eminent community leader has said. Prime Minister Modi is visiting the US from June 21-24 at the invitation of US President Joe Biden and First Lady Jill Biden. The US president and the First Lady will host Modi at a state dinner on June 22. The visit also includes an address to the Joint Session of the Congress on June 22. Modi will address an invitation-only gathering of diaspora leaders from across the country on the evening of June 23, Indian American community leader Dr. Bharat Barai said. The prestigious Ronald Reagan Building and International Trade Center, which has hosted several high-profile meetings in the past, has been reserved for the prime minister's address. The venue, named after former US President Ronald Reagan, has a capacity of 900 people, Barai told PTI on Wednesday. It is the first federal ..