Brief by Shorts91 Newsdesk / 02:17pm on 16 Apr 2025,Wednesday International
US mortgage giant Fannie Mae has terminated 200 employees, mostly of Telugu origin, for allegedly misusing the company’s matching gift programme. The employees reportedly collaborated with Telugu associations to falsify donations and divert funds. The layoffs were part of a larger restructuring effort that affected 700 staffers. Indian-American Congressman Suhas Subramanyam has demanded a full explanation, citing concerns over due process. This incident follows a similar case at Apple earlier this year, involving donation fraud linked to Telugu nonprofits. Investigations are ongoing, and associations like TANA and ATA are reportedly under scrutiny for potential involvement in the scheme. (PC: HousingWire)
