Telugu tejam! Uses Money Stolen from Feds to Pay for EB-5 Visa

[Lorry_Driver]

Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California.

Budamala must be a non-green card holder and a non-citizen or he would not have dealt with the EB-5 program. He also must have made an investment in the non-pooled investment part of the program given the dollar figure shown, because $500,000 investments were the norm in the part of the program shut down by Congress last summer. Details, usually found in the courts’ PACER files, are not available as a PACER file has not yet been set up for this case, though Budamala, regarded as a flight risk, is currently in jail.

Given his first name, Reddy, he is probably from South India, the home of many H-1Bs. And one of his companies, Hayventure LLC, filed for and got an H-1B certification in 2019, for a chief technology officer, according to myvisajobs. Perhaps that job was filled by Budamala.

According to the press release, he was a busy guy. He filed for seven loans in the Paycheck Protection and Economic Injury Disaster Loan programs, six of which were successful for $5,151,497, failed when he filed for a U.S. passport (suggesting, again, that he is a non-citizen), bought a (presumably modest) $597,585 property in chic Malibu, and opened a $3 million brokerage account. Federal agents searched his home in Irvine on February 25, and he was stopped at the U.S. Mexico border early the next morning.

https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid

https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa

A2 Reddy ni follow ayinattunnaadu

 

[Rendu]

🙏

[Rendu]

Govvvv.....tho games adithe salthi galanthu avuthundi 

Perfect example

[Fish]

4 minutes ago, Lorry_Driver said:

Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California.

https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid

https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa

A2 Reddy ni follow ayinattunnaadu

 

How did he open companies on H1?

[BeerBob123]

@kdapparao

[ZoomNaidu]

1 minute ago, Fish said:

How did he open companies on H1?

Wife peru meedha open chesi vundochu ga

[Picheshwar]

6 minutes ago, Lorry_Driver said:

Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California.

https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid

https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa

A2 Reddy ni follow ayinattunnaadu

 

[cbnfankadubeyac]

7 minutes ago, Lorry_Driver said:

Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California.

https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid

https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa

A2 Reddy ni follow ayinattunnaadu

 

He will be in jail for 3 months and come out without any issues and enjoy life 

[cbnfankadubeyac]

3 minutes ago, Fish said:

How did he open companies on H1?

You can open companies on H1 but you can not work for that company, frog in well you are 

[r2d2]

reverse 'tender'ing....

[Fish]

7 minutes ago, ZoomNaidu said:

Wife peru meedha open chesi vundochu ga

Aithe wife ni kada fraud kinda arrest cheyali 

[Fish]

6 minutes ago, cbnfankadubeyac said:

You can open companies on H1 but you can not work for that company, frog in well you are 

Got u 

[Fish]

15 minutes ago, Lorry_Driver said:

Reddy Raghav Budamala, 35, of Irvine, Calif., set up three shell companies with no operations, used them to “fraudulently obtain more than $5 million in COVID-relief” loans, some of which were forgiven by the feds, and then proceeded to make a $970,000 payment to the EB-5 program, according to a press release from the U.S. attorney in the central district of California.

Budamala must be a non-green card holder and a non-citizen or he would not have dealt with the EB-5 program. He also must have made an investment in the non-pooled investment part of the program given the dollar figure shown, because $500,000 investments were the norm in the part of the program shut down by Congress last summer. Details, usually found in the courts’ PACER files, are not available as a PACER file has not yet been set up for this case, though Budamala, regarded as a flight risk, is currently in jail.

Given his first name, Reddy, he is probably from South India, the home of many H-1Bs. And one of his companies, Hayventure LLC, filed for and got an H-1B certification in 2019, for a chief technology officer, according to myvisajobs. Perhaps that job was filled by Budamala.

According to the press release, he was a busy guy. He filed for seven loans in the Paycheck Protection and Economic Injury Disaster Loan programs, six of which were successful for $5,151,497, failed when he filed for a U.S. passport (suggesting, again, that he is a non-citizen), bought a (presumably modest) $597,585 property in chic Malibu, and opened a $3 million brokerage account. Federal agents searched his home in Irvine on February 25, and he was stopped at the U.S. Mexico border early the next morning.

https://www.justice.gov/usao-cdca/pr/irvine-man-arrested-charge-alleging-he-fraudulently-obtained-more-5-million-covid

https://cis.org/North/Latest-Scandal-Alien-Uses-Money-Stolen-Feds-Pay-EB5-Visa

A2 Reddy ni follow ayinattunnaadu

 

Athayasa ki poyayi idantha thechukunnadu….EB5 lo citizenship ki apply cheyadam vallane dorikinattu unnadu

[tennisluvrredux]

8 minutes ago, cbnfankadubeyac said:

He will be in jail for 3 months and come out without any issues and enjoy life 

Antha easy kaademo since his name is in public domain now. future lo businesses cheyalana jobs ki apply chesina background checks lo bayata padutundi gaa

[ZoomNaidu]

Just now, Fish said:

Athayasa ki poyayi idantha thechukunnadu….EB5 lo citizenship ki apply cheyadam vallane dorikinattu unnadu

Ledhu theesukunnollu meedha chaala ney auditings paddaayi.