An Indian has been arrested in the US on charges of fraud for stealing at least USD 800,000 from more than 400 victims, mostly of Indian descent, through a provisional "credit" scheme.  Kishore Babu Ammisetti, 30, who has been charged by federal criminal complaint with fraud offences stemming from an alleged provisional credit scheme, was arrested on January 25.

Ammisetti appeared before US Magistrate Judge Donna Martinez in Hartford, Connecticut on Wednesday. He was ordered detained. Federal prosecutors said that Ammisetti entered the US in 2013 on a student visa, which was revoked in 2014.