Norman man accused of bilking investors pleads guilty - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Norman man accused of bilking investors pleads guilty

Updated:
OKLAHOMA CITY (AP) -- A Norman man accused of bilking investors out of more than $1.5-million pleads guilty in federal court.

Prosecutors charged Ananth -S- Rajan with 26 counts of mail fraud, but he was allowed to plead guilty Wednesday to a single count in a plea agreement with prosecutors.

The 68-year-old admitted to soliciting investments from personal and professional contacts between February 1989 and March 2002. He managed those funds in an investment account in his own name.

When asked by prosecutors, Rajan acknowledged the account contained less than $100,000 in February 1999, even though he owed investors more than $1.5-million.

Prosecutors say that he continued soliciting investments, using those funds to pay off earlier investors and cover his own living expenses.

Rajan will be sentenced in a few months.
  • NewsMore>>

  • Tulsa Responders Take Caution In Midst Of Synthetic Opioid's Rise

    Tulsa Responders Take Caution In Midst Of Synthetic Opioid's Rise

    Tulsa Responders Take Caution In Midst Of Synthetic Opioid's RiseTulsa Responders Take Caution In Midst Of Synthetic Opioid's Rise

    It's an elephant tranquilizer, 10 thousand times more powerful than morphine, and first responders say it's not a matter of "if" the drug will make its way onto Tulsa streets, but when. "It's not legal in the United States, so those folks who are using it have no idea what it is they are messing with," said Anthony First, Tulsa Police officer. Carfentanil. It's a synthetic opioid most commonly used to cut heroin. It can be solid, liquid, powder, or gas, which m...

    More >>

    It's an elephant tranquilizer, 10 thousand times more powerful than morphine, and first responders say it's not a matter of "if" the drug will make its way onto Tulsa streets, but when. "It's not legal in the United States, so those folks who are using it have no idea what it is they are messing with," said Anthony First, Tulsa Police officer. Carfentanil. It's a synthetic opioid most commonly used to cut heroin. It can be solid, liquid, powder, or gas, which m...

    More >>
  • Children Found Boarded Up In Tulsa Home, Police Investigate

    Children Found Boarded Up In Tulsa Home, Police Investigate

    Investigators are still trying to figure out how long four children were left boarded up in an East Tulsa home. Police have not arrested the parents, who could face child neglect charges.  

    More >>

    Investigators are still trying to figure out how long four children were left boarded up in an East Tulsa home. Police have not arrested the parents, who could face child neglect charges.  

    More >>
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.