Ambitious Indian American’s plea deal rejected.
Anshoo Sethi, an over ambitious Indian American man who dreamed of building a $900 million hotel and convention complex near O’Hare Airport in Chicago has pleaded guilty to wire fraud and is awaiting sentencing.
According to the charge sheet, Sethi assembled a team of political heavyweights, including Illinois House Speaker Michael J Madigan, and left for China to find investors.
Federal authorities also claimed that Sethi used fake documents to raise millions from Chinese investors who were taken into confidence promising them US residency in return for investing.
The Chicago Sun Times reported that Sethi is currently charged under wire fraud and the misuse of the popular EB-5 visa program that allows foreign citizens to acquire green cards.
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