A federal grand jury has indicted two men on federal fraud charges related to a multi-million dollar scam involving online property rental platforms such as Airbnb and Vrbo. Shray Goel and Shaunik Raheja are accused of operating a double-booking, bait-and-switch scheme that defrauded guests and the rental platforms themselves. The scam allegedly generated more than $8.5 million and involved over 10,000 reservations across 10 states. The defendants are also accused of engaging in racial discrimination by selectively canceling reservations made by Black individuals. The indictment highlights the defendants’ greed and deception, as well as the significant number of victims affected by their fraudulent operations. The investigation was a joint effort by the Justice Department, the FBI, and the Federal Deposit Insurance Corporation Office of Inspector General. The defendants are expected to be arraigned in United States District Court in Los Angeles in the coming weeks.
Federal Indictment Exposes $8.5M Airbnb Fraud & Discrimination Scam, US
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