Tag: Scam

Don’T Meddle: Scam Victims Tell Indian Minister

Don’T Meddle: Scam Victims Tell Indian Minister

INDIA NEWS
Politician’s offer to help Exential fraudsters sparks fury among Indians hit by Ponzi scheme DUBAI: UAE-based Indian victims of the $300 million Exential scam said they are shocked and dismayed to learn that their home country‘s government is looking to secure the release of the very fraudsters who stole their money. Several gathered for an emergency meeting on Saturday after Vinod Palyekar, a minister in the Indian state of Goa, offered to help Exential boss Sydney Lemos, 37, and the firm’s accountant, 25-year-old Ryan D’Souza. Both were handed prison terms of over 500 years each for their role in the sophisticated scam. The duo, originally from Goa, are currently in Dubai jail while Sydney’s wife Valany Cardozo, who was sentenced to the same jail term in absentia, is holed up in