Well, Good Evening! Let's take a look at the big news that's broken since our morning edition. So, let's dig in, shall we? |
Here's What You Need To Know... |
An NC man who was arrested in a Ponzi scheme defrauded people in the Indian community |
Fifty-six-year-oldKumar Arun Neppalli of Cary has been chargedwith 17 counts of wire fraud as well as six counts of conducting transactions in criminally derived property. He could face up to 20 years in prison if he is convicted. The former Chapel Hill transportation engineer abruptly resigned from his job as the town’s traffic engineering manager on November 1, 2021 after he filed for Chapter 7 bankruptcy a few months prior. Neppalli reportedly asked his investors to give him a certain amount of money very quickly, promising to return the amount with interest. He would then ask those individuals not to discuss the financial arrangement with anyone else. Here’s how many people he defrauded, how much money he was able to scheme and how he was caught. |