BOSTON, MA (STL.News) – The owner of several Boston-based investment companies was arrested Sunday at Logan Airport on charges of operating a Ponzi-like fraud scheme.
Tanmaya Kabra, 25, who resided most recently in Weehawken, N.J., was charged in a criminal complaint unsealed today with wire fraud and bank fraud.
According to the criminal complaint, Kabra conducted business through a company called LaunchByte.IO LLC and several affiliated companies. He held himself out to investors as a successful serial entrepreneur, venture capitalist, and angel investor in start-up companies.
Continue reading New Jersey Man, Tanmaya Kabra, Arrested for Investment Fraud Scheme at STL.News.