Indian-origin man writes book calling black money 'untraceable', US uncovers his ₹10-cr fraud

Indian-origin accountant Arun Mago has been jailed for 41 months for laundering $150,000 in proceeds of cocaine distribution and for repeated loan frauds during COVID-19 pandemic totalling nearly $1 million. Mago transferred funds into his bank account and made real estate purchases. Notably, Mago had written a book with a chapter titled "Black Money" and claimed money laundering was untraceable.