American company sacks 700 employees, including 200 in Telugu ‘donation scam’

Fannie Mae laid off 700 employees, with about 200 terminations, primarily of Telugu origin, due to ethical violations related to the misuse of the ‘matching grants program’. Employees allegedly colluded with non-profits like TANA, mirroring a similar scam at Apple where employees were fired for exploiting the company’s charitable donation matching program.