Former Prez of Smeal Investment Club Arrested

nicky_kundnaniThe former president of the Penn State Financial Management Association, Nicky Kundnani, was charged with felony yesterday for fraud and embezzlement. He is accused of basically running a fake hedge fund in a regular Ponzi Madoff scheme.The total scope of the operation was approximately $10,000.

According to the Collegian, Kundnani was funneling the money through a fake company called Draconius Asset Management.

We looked up the emails Nicky Kundnani has listed on the Penn State directory, then did a quick Google search… turns out that Kundnani does indeed seem to own draconius.org.

domain_search_by_email

Kundnani was taken to the Centre County Correctional Facility but is now out on bail.

More Options to Share

About the Author

Davis

Creator of @OnwardState. Big fan of sweaters. Now at Fusion.

Comments

Facebook Comments BBUI

Other stories

Send this to a friend