Plot: Madhavi Vuppalapati’s company Prithvi Information Solutions and all its affiliates had created fictitious, counterfeit customers to get an advance payment of $17 million from Kyko Global Inc.

1. MADHAVI VUPPALAPATI AND
PRITHVI INFORMATION
SOLUTIONS INVOLVED IN $18
MILLION FRAUD

2. Involvement in Business Fraud
On June 17, 2013, Kyko Global GMBH and Kyko
Global Inc, filed a Fraud or Truth-In-Lending suit
against Prithvi Information Solutions in the Seattle
office of Washington Western District Court. According
to the plaintiffs, Madhavi Vuppalapati’s
company, Prithvi Information Solutions, and its
affiliates had created fictitious, counterfeit
customers to get an advance payment of $17 million
from Kyko Global Inc.

3. The court arrived at a judgment in September 2013
and ordered Prithvi Information Solutions to pay
$17,568,854 plus $796,776 as additional damages for
the fraud. Keeping in view Madhavi Vuppalapati’s
involvement in the business fraud, her assets and
property have been seized by the Sheriff King County.

4. The Fraud
In November 2011, Kyko Global, an Ontario-based
company, entered into an agreement with Prithvi
Information Solutions for certain factoring services.
According to the agreement, Prithvi Information
Solution had to identify certain of its customer account
receivable for IT services and authorize direct payment
on those customer accounts receivable to be made to
Kyko in exchange for a portion of the amount
outstanding from its customers to be paid immediately
by Kyko. Prithvi Information Solutions offered to Kyko
account receivables for the following major customers,
Dick’s Sporting Goods, Enterprise Product Partners,
Financial Oxygen, Huawei, L3 Communications.

5. However, the reality was that none of these
companies had any current business relationship
with Prithvi Information Solutions. When Kyko tried
to acknowledge that these clients will make payments
directly to Kyko, they got verifications, but in reality, it
was the associates of Prithvi Information Solutions that
had posed as clients and created and executed the
verifications. When Kyko requested Madhavi
Vuppalapati that they be put in touch directly with the
representatives of the five clients, she turned down the
request saying that it will be detrimental to their
relationships with these clients.

6. The Vicious Circle of Deceit
Over a period of around two years, Madhavi
Vuppalapati and her associates continuously
deceived the unsuspecting Kyko, in the process,
coming up with one excuse or the other to keep them
in the dark. Finally, while attempting to collect
outstanding dues, Kyko came to know, through its own
internal investigation that Prithvi Information Solutions
had created fictitious customers to deceive Kyko and
extract more monies from it

7. In order to get its money back, Kyko filed a lawsuit
on 17th of June against Prithvi Information
Solutions at the United States District Court,
Western District of Washington at Seattle.
On August 8, 2013, Kyko moved the court for issuance
of judgment in amount against defendants pursuant to
confession of judgment and the motion was granted by
the court.

8. Jury Enters a Judgment
On September 6, 2013, the jury entered a judgment
against Prithvi Information Solutions in the amount
of $17,568,854 plus prejudgment interest accruing at
the rate agreed to between the parties at 2.45% per
month in the total amount of $796,776.
On September 2013, Kyko filed a Writ of Garnishment
against Prithvi Information Solutions. Kyko claimed
damages to the tune of $18,431,765,90 inclusive of
balance of judgment, prejudgment interest, and
interest of judgment from 9th June, 2013 to September
23rd, 2013.

9. Seize & Auction of Madhavi
Vuppalapati’s Personal Property
On February 12, 2014, a court notice was sent to
Madhavi Vuppalapati. According to the notice, the
Sheriff was directed to auction and sell her personal
assets including 2006 Lexus RX4005D car and her
jewelry and miscellaneous household items.
The auction wad held on 20th March 2014 at Bellevue,
WA