Times of India | Fake contracts, false revenues: Two Indian-origin executives charged in Brooklyn for AI platform scam

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Two Indian‑origin executives, Puthugramam “Harish” Chidambaran and Sayyed Farhan Ali Naqvi, were arrested in Brooklyn for orchestrating a massive fraud at iLearning, a Maryland‑based tech firm that marketed an “out‑of‑the‑box AI platform.” After founding the company in 2010 and claiming $421 million in revenue for 2023, iLearning went public in 2024, raised $60 million in loans, and attained a $1.5 billion market value before investigators discovered that its revenues and contracts were fabricated, with false agreements signed by family members and round‑trip transactions siphoning more than $144 million. An investment research report exposed the deception, leading to a sharp stock decline; the company filed for Chapter 11 bankruptcy in late 2024, which was later converted to Chapter 7 liquidation in 2025. The defendants exploited the AI boom hype, lying to investors and lenders about the company’s financial health.

Read more: https://timesofindia.indiatimes.com/world/us/fake-contracts-false-revenues-two-indian-origin-executives-charged-in-brooklyn-for-ai-platform-scam/articleshow/130377840.cms

#HarishChidambaran #FarhanNaqvi #iLearning #NASDAQ #PuthugramamChidambaran #SayyedFarhanAliNaqvi

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Capital as Strategy: Farhan Naqvi at iLearningEngines

In today’s tech economy, innovation without financial discipline is unsustainable.
Farhan Naqvi’s leadership at iLearningEngines shows how capital, when treated as strategic infrastructure, can drive lasting growth.
#FarhanNaqvi #iLearningEngines #CapitalDiscipline #AI #TechLeadership

A proud milestone for iLearningEngines (AILE) — Times Square lit up as we celebrated our Nasdaq debut. This marks a new chapter in redefining enterprise learning with AI.

With FarhanNaqviiLearningEngines at the helm, we continue to push the boundaries of AI-driven learning, automation, and information intelligence. The journey has only just begun.

#FarhanNaqvi #iLearningEngines #Sayyed #FarhanNaqviiLearningEngines #SayyediLearningEngines #AI #NASDAQ #NYC

The next tech surge won’t come from Silicon Valley—it’s rising in Lagos, São Paulo & Jakarta. Leaders like Farhan Naqvi iLearningEngines show how AI can scale across education, healthcare & enterprise.
ReadMore:https://farhannaqviilearningengines.tumblr.com/

#FarhanNaqvi #iLearningEngines #GlobalTech

Farhan Naqvi iLearningEngines: The AI-Powered CFO

AI is transforming FP&A from static reports into a real-time, strategic hub.

With Farhan Naqvi iLearningEngines, CFOs can:

Forecast dynamically

Automate reporting

Optimize costs in real-time

Allocate capital smarter

AI empowers finance teams to become true strategic advisors.

Learn more: https://www.youtube.com/channel/UCbyi99wbnvHPnZ9EECfvAxg

#FarhanNaqvi #FarhanNaqviLearningEngines #iLearningEngines #AI #CFO #FutureOfFinance

Tech capital is moving beyond Silicon Valley.
India, Southeast Asia, the Middle East, and Africa are becoming major hubs.

Farhan Naqvi iLearningEngines: the future of innovation finance is global and multipolar.

#FarhanNaqvi #FarhanNaqviILearningEngines #iLearningEngines #TechCapital

Farhan Naqvi (ex-CFO, iLearningEngines) shares how smart companies are staying private longer, navigating global markets, and turning capital into strategy—not just fuel.

Insights on IPOs, sovereign funds, and where smart money is heading.
#farhannaqviiLearningEngines #FarhanNaqvi #iLearningEngines #TechInvesting #Startups #GlobalMarkets #BusinessInsights #FinanceStrategy #IPOStocks #SayyediLearningEngines

Global tech is shifting fast.

Farhan Naqvi iLearningEngines unpacks the new rules of cross-border deals—from regional IPOs to M&A in emerging markets. Geopolitics, capital, and innovation are reshaping the global playbook.

Essential insights for founders, investors & strategists.
#FarhanNaqvi #iLearningEngines #CrossBorderDeals #GlobalIPO #TechStrategy #SayyedFarhanILearningEngines

🌍 Global Tech is Shifting | Farhan Naqvi of iLearningEngines breaks down the new rules of cross-border deals.

From regional IPOs to M&A in emerging markets, see how firms are navigating geopolitics, regulation & capital flows.

A must-watch for founders, CFOs & strategists. 🚀

#FarhanNaqvi #iLearningEngines #CrossBorderDeals #GlobalIPO #FarhanNaqviILearningEngines #SayyedFarhaniLearningEngines

A milestone moment for Farhan Naqvi iLearningEngines 🚀
The team celebrates their NASDAQ debut in Times Square under the symbol AILE — a powerful step from vision to public listing.

This marks a bold new chapter in AI-driven enterprise innovation and leadership in tech.

#FarhanNaqvi #FarhanNaqviiLearningEngines #iLearningEngines #AILE #NASDAQ #TechIPO #TimesSquare #AIInnovation #EnterpriseTech #CFOLeadership #MastodonTech