President of Investment Fund Pleads Guilty in Manhattan Federal Court to Perpetrating $2 Million Ponzi Scheme
Preet Bharara, the United States Attorney for the Southern District of New York, and Randall C. Till, the Inspector in Charge of the New York Division of the U.S. Postal Inspection Service (USPIS), announced today that Anand Sekaran, the president and director of Wasson Capital Ltd. (Wasson), an investment fund, surrendered and pled guilty today in Manhattan federal court to engaging in a $2.3 million fraudulent scheme to defraud Wasson’s investors.