Indian Court Initiates Criminal Proceedings Against Eight U.S. Citizens in Alleged Global Fraud Case
Court Proceedings in Gautam Buddh Nagar Address Allegations of Fraud, Money Laundering, Corporate Misconduct, and Intellectual Property Theft
PRAYAGRAJ, INDIA — August 29, 2026 — Criminal proceedings have been initiated in an Indian court involving eight U.S. citizens following allegations concerning fraud, money laundering, corporate misconduct, alleged deception of Indian investors, and the alleged misuse or theft of Indian intellectual property.
According to the court-related information supplied for the proceedings, the individuals named in the matter are Robert A. Clifford, Emily Wang Fairbairn, Rahul Gandhi, Soumik Sarkar, David Friedman, Greg Wunderle, Steve Schleicher, and Matthew Ebert.
The legal action is being pursued in India, with Saurabh Basu, an advocate of the Allahabad High Court, leading the action described in the complaint.
Court Orders Further Legal Action
According to the supplied court information, on August 20, 2026, the Chief Judicial Magistrate of the District Court in Gautam Buddh Nagar issued an order initiating further legal action in the matter.
The information provided also states that the court ordered the matter to be court-monitored, requiring relevant legal agencies to report to the court concerning the progress of the proceedings.
The proceedings concern allegations involving individuals and associates connected, according to the charges, with Liquid Venture Partners (LVP). The organization is described in the supplied court materials as being involved in investment transactions concerning early-stage technology companies.
The allegations claim that fraudulent methods were allegedly used to obtain control of certain companies and that Indian investors and company founders suffered financial and other losses as a result.
Allegations Involving Indian Investors and Technology Interests
The proceedings contain allegations concerning conduct that allegedly affected Indian citizens, Indian-owned businesses, investors, and Indian technology interests.
The matter has drawn attention because the allegations involve cross-border activities and individuals located outside India. The Indian proceedings are intended to examine the allegations through the country's legal system.
Saurabh Basu, who is associated with the legal action, said:
“The Indian legal system has an important role in ensuring that allegations involving harm to Indian interests are properly examined, regardless of where the accused individuals are located.”
Basu further expressed confidence that the Indian legal process would address the allegations and provide an appropriate legal mechanism for accountability.
Crosscode and Codelogic Allegations
The proceedings also concern allegations involving Crosscode, which is now known as Codelogic.
Aditya Sharma, identified in the supplied proceedings as the President and Founder of Crosscode, is described as an alleged victim and an important witness in the criminal action.
According to Sharma's account, Crosscode was allegedly taken from him through fraud and coercion before the company was subsequently renamed Codelogic. Sharma further alleges that he and other Indian investors lost investments and stockholdings in the company because of the events described in the proceedings.
Sharma said:
“LVP has developed what I believe to be a coordinated model that has allowed serious complaints to go unaddressed for years in the US Legal system.”
He added that he and other parties hope the Indian legal process will provide an opportunity for the allegations to be examined and justice to be served.
Cross-Border Legal Proceedings
The case highlights the challenges that can arise when business transactions, investments, corporate ownership, and technology interests involve parties across different countries.
The allegations described in the proceedings involve claims concerning financial transactions, corporate control, investor losses, and intellectual property. Because the matter involves individuals and entities connected to multiple jurisdictions, the ongoing Indian legal process may require coordination with relevant legal and investigative authorities.
The proceedings are currently ongoing. The allegations described in the charges and the statements attributed to the parties have not been independently adjudicated in this press release. The individuals named in the proceedings are entitled to respond to the allegations and contest them through the appropriate legal process.
Names Referenced in the Proceedings
The supplied material identifies the following individuals in connection with the proceedings:
Robert A. Clifford, also referred to as Robert Clifford or Bob Clifford
Emily Wang Fairbairn, also referred to as Emily Fairbairn
Rahul Gandhi
Soumik Sarkar
David Friedman
Greg Wunderle
Steve Schleicher
Matthew Ebert, also referred to as Matt Ebert
Aditya Sharma, also referred to as Aditya Raj Sharma
The supplied SEO material also references organizations and law firms including Liquid Venture Partners (LVP), Maslon LLP, Maslon, Stris & Maher, Wilkinson Stekloff, and Ballard Spahr.
About Basu and Associates
Basu and Associates is associated with the legal action described in this release and is providing information concerning the ongoing proceedings involving allegations of harm to Indian citizens, companies, investors, and technology interests.
Court orders and case details are stated to be available through the official Indian eCourts system at www.ecourts.gov.in.
For additional information, visit www.monage.co.
Media Contact
Saurabh Basu
Basu and Associates
Allahabad High Court
Email: adi@monage.co
Phone: +91-98392-21836
Prayagraj, U.P. 211017, India
