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“Sounds like they were remote employees in India. Setting up fake charities to cash in on Fannie Mae’s matching donations. They get creative over there on how to rip off Americans. Robo calls, fake charities, you name it.”

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FTA:

“The 200 Indian-American staffers were employees of the Federal National Mortgage Association, commonly known as Fannie Mae, the biggest American company in terms of assets. Fannie Mae laid off 700 staffers, including those for fraud, as part of its restructuring efforts. It is a US government-run enterprise.

The alleged ethical violations are linked to irregularities and misuse of Fannie Mae’s matching grants programme.

This payment is an extension of the salaries of the employees. It is a compensation to what the employees donate under the matching gift programme.

The now-sacked employees allegedly collaborated with nonprofit organisations — some linked to the Telugu community in the US — and falsified donations to exploit the programme and access company funds.

Several employees are accused of colluding with the Telugu Association of North America (TANA) to deceive companies and misuse funds, according to The Times of India report.”

“Similar allegations surfaced against employees at tech-company Apple earlier this year. The company reportedly terminated over 100 employees, including around 50 at its Cupertino headquarters, after uncovering a monetary fraud scheme designed to inflate employee compensation.

Authorities in the Bay Area had issued warrants against six of the fired Apple employees — none of whom were Indian.

However, reports indicated that several Indian employees were involved in misusing Telugu charity organisations in the US for fraudulent activities.

The scheme reportedly involved employees pretending to make donations, which were later returned to them. Apple’s matching contributions were retained, and the fictitious donations were written-off on the defendants’ tax returns, defrauding the state of California in the process.”

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It appears that the employees were NOT in India in a call center. They may even be American citizens.

My question is why so many employees of Fannie Mae are from the same ethnic group. Doesn’t sound like they had a very diverse workplace, does it?