Fraud
$500 Million Scam Exposes Vulnerabilities in Private Credit Market
Bankim Brahmbhatt, founder-CEO of US-based telecom firms Broadband Telecom and Bridgevoice, is accused of orchestrating a massive fraud, allegedly scamming credit arm of BlackRock and others out of $500 million. The deception involved fake accounts and fabricated emails to secure asset-based financing from heavyweights like HPS Investment Partners and BNP