9 years to biggest IT fraud by desi consulting

[kakatiya]

$450 million Fraud: CityTime husband and wife team flee country leaving 200 employees in the lurch

Reddy and Padma Allen fled to their native India after leaving 200 employees in the lurch after raking in $450 million from the CityTime project.

 

Reddy Allen and his wife, Padma, once were rising stars in the world of computer consulting.

Their company, TechnoDyne, raked in more money as a subcontractor on the Bloomberg

administration's CityTime payroll project than any other - $450 million since 2005.

 

TechnoDyne grew so rapidly that NJBiz dubbed it the No. 2 minority-owned firm in that state. Accounting giant Ernst & Young even honored Padma Allen as entrepreneur of the year last year.

Today, the Allens are fugitives.

 

They flew to their native India a few weeks ago, soon after federal prosecutors subpoenaed them to appear before a grand jury. Their company has since collapsed, leaving more than 200 employees out on the street.

Yesterday, Manhattan U.S. Attorney Preet Bharara unsealed indictments against the couple and their firm on charges of paying millions in kickbacks to get CityTime work, and for money laundering.

The indictment, along with the arrest of another former official from CityTime's prime contractor, Scientific Applications International Corp., brings to 11 the number of people charged with CityTime crimes since December. Two of those have pleaded guilty and are cooperating; a third has since died.

[kakatiya]

[r2d2]

Wow

[BeautyQueen]

Vaunty bagundi vuncle enti udathalu patte vadi la unnadu 🧐

[kakatiya]

3 minutes ago, BeautyQueen said:

Vaunty bagundi vuncle enti udathalu patte vadi la unnadu 🧐

Uncle adhar pic

[No_body_friends]

oh my konda dhora 

450 million entayyaaaa

[nag_mama]

2 hours ago, kakatiya said:

$450 million Fraud: CityTime husband and wife team flee country leaving 200 employees in the lurch

Reddy and Padma Allen fled to their native India after leaving 200 employees in the lurch after raking in $450 million from the CityTime project.

 

Reddy Allen and his wife, Padma, once were rising stars in the world of computer consulting.

Their company, TechnoDyne, raked in more money as a subcontractor on the Bloomberg

administration's CityTime payroll project than any other - $450 million since 2005.

 

TechnoDyne grew so rapidly that NJBiz dubbed it the No. 2 minority-owned firm in that state. Accounting giant Ernst & Young even honored Padma Allen as entrepreneur of the year last year.

Today, the Allens are fugitives.

 

They flew to their native India a few weeks ago, soon after federal prosecutors subpoenaed them to appear before a grand jury. Their company has since collapsed, leaving more than 200 employees out on the street.

Yesterday, Manhattan U.S. Attorney Preet Bharara unsealed indictments against the couple and their firm on charges of paying millions in kickbacks to get CityTime work, and for money laundering.

The indictment, along with the arrest of another former official from CityTime's prime contractor, Scientific Applications International Corp., brings to 11 the number of people charged with CityTime crimes since December. Two of those have pleaded guilty and are cooperating; a third has since died.

calling @Sachin200 teddy, manavalle anta sachinu , mana @bhaigan ni piluvu idantha fake propaganda by TDP antaadu

[snoww]

Eppati news idi ?

[IamBhagatSingh]

2011 story ippudu vesi y sava dobbing uncle ?

[nallajamoon]

Appi reddanna kooda same ilane.

Reddy na mazaaka, scam cheyalante maa taravathe evaranna

[ram4a]

40 minutes ago, nallajamoon said:

Appi reddanna kooda same ilane.

Reddy na mazaaka, scam cheyalante maa taravathe evaranna

KG lanzodka

[nallajamoon]

4 minutes ago, ram4a said:

KG lanzodka

Cheddi spotted 

[ram4a]

22 minutes ago, nallajamoon said:

Cheddi spotted 

LK ani thidithe navvav ante entha mandi annaro ninnu....Nee standards, Nee level vaalani vetuko poo db lo chala mande unnaru.

[nallajamoon]

31 minutes ago, ram4a said:

LK ani thidithe navvav ante entha mandi annaro ninnu....Nee standards, Nee level vaalani vetuko poo db lo chala mande unnaru.

Orey Metta nayala idigo vinu, DB lo evado nee lanti daddamma edo morigithey react ayye burada jaati kukkanu nenu kaadu ra.

ninnu amma na boothulu tittadam pedda pani kaadu ra but alanti penta jaati pempakam nenu peragale nee vale

[nallajamoon]

1 hour ago, ram4a said:

KG lanzodka

@MOD23