An Indian ex-CEO of a publicly traded American fintech firm has been indicted for orchestrating a multi-million dollar accounting fraud to inflate the revenue of the now-defunct cryptocurrency company to get it listed on the Nasdaq, a US attorney has said.
Venkata Meenavalli, 49, and others orchestrated the fraud in 2017 and 2018 relating to Longfin Corp, a publicly traded company purportedly engaged in sophisticated commodities trading and so-called "cryptocurrency" transactions, including "blockchain-empowered solutions."