{"content":"BlackRock suffered massive losses after discovering they had fallen victim to one of the world's largest frauds, orchestrated by an Indian national named Bankim Brahmbhat. Brankim forged contracts and invoices, making them appear legitimate, and presented them to BlackRock, which paid him these fraudulent receivables totaling $500 million (1.87 billion riyals). Brahmbhat, who had an office in New York, transferred all the funds to India and Mauritius after receiving them. He then filed for bankruptcy with the US government, closed his office, and disappeared from the United States.","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/01/a04023815efab58e9decef3427126b7e.png","https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/01/f48d8d38dd9396cf829256b1df6434cd.jpg"],"tags":[],"tradingPairs":[],"quotearticleid":0}