Boat-Buying Ponzi Schemer Admits Luring Investors
Brian Dowling, 09 April 2021
A self-professed venture capitalist from Boston admitted Thursday to duping investors with promises of easy, no-risk profits as part of a Ponzi-like fraud scheme that prosecutors say netted him a powerboat.
Tanmaya Kabra pled guilty to four counts of wire fraud before U.S. District Judge Denise J. Casper under a deal with prosecutors, who have agreed to recommend a sentence at the low end of the federal guidelines. Judge Casper scheduled Kabra’s sentencing for Aug. 30. Continue reading “Article: Boat-Buying Ponzi Schemer Admits Luring Investors”
