It is the beginning of the end for notorious slumdog bodyshop Infosys.  The Wall Street Journal reports:

Infosys Gets U.S. Court Subpoena

BANGALORE – India's Infosys Technologies Ltd. Tuesday said it received a subpoena from a lower court in the U.S. asking the software exporter to provide sponsorship details of visas meant for its staff visiting the country for meetings, conferences and business negotiations.

The Grand Jury in the United States District Court for Texas has asked the company to submit documents and records related to the company's sponsorship for, and uses of, B1 business visas, which are meant for a short duration, the Indian company said in a statement.

Infosys said it intends to comply with the notice and co-operate with the jury's investigation.

Earlier this year, local media reports suggested that an American employee of the company, who has been working as a principal consultant since August 2008, filed a complaint with the a U.S. court, saying the company was sending employees on B1 visas to work full time in the U.S.

In its annual report released earlier this month, Infosys said that one of its employees had filed a lawsuit in the U.S. alleging, among other things, that the company was "improperly" utilizing B1 visas.

The company also said in the annual report that a U.S. senator has submitted a letter to the U.S. Secretary of State and Secretary of Homeland Security asking them to review the B1 business visa program.


Americans can capitalize on the inevitable demise of these high-tech human traffickers by buying put options.  I myself like the Jan 2012 puts with a strike price of 50. Relatively cheap, and with plenty of time. 

As news spreads through the chat rooms and investing forums of this company's busted business model, traders will be dumping this stock in droves.



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Comments (34) -


United States Drifter
May 24. 2011 14:05
Drifter

Infosys isn't a software exporter - they don't create anything!! Subtle intentional typo or is the author really that clueless? They provide low cost temp workers. india hasn't created ANYTHING in the way of commercial software products. (but if we don't let them to continue to come in via the visa program or let them leave, America will suffer from the dreaded 'Brain Drain'!!!! Oh noes!! LOL)

SO GLAD to see the indian business model of exploiting our visa program finally falling over. These slimy opportunists are nothing but weasels taking advantage of us. No ethics or integrity. Not surprising considering the 'anchor baby' tactics the guest workers use to prevent them from having to go back.


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United Kingdom Iain Gill
May 24. 2011 14:19
Iain Gill

dont forget Cognizant are evil bullying slave traders


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United Kingdom infosyswinsandwillrule
May 24. 2011 15:20
infosyswinsandwillrule

Infosys will easily bribe any american, Americans are easily seduced by money, Americans dont have any morals they have no ability or patriotism.

Infosys will bribe and make more money from USA.

No one can deny  Infosys power, $30 Billion is a mouthwatering money and any american will kneel down for  20 pieces of silver

Infosys dont have to worry about anything about the people who already sold their souls to devil for 20 pieces of silver

all these Americans need to Wine,Women and Money..Americans are degraded and so their country.

Infosys will bribe and get away easily...No one in USA can touch an INDIAN or INDIAN company

Look how puppet OBAMA kneeled down to Benjamin Nethanyahu few days before.

USA is a mere puppet to Israel and a bankrupt nation hungry for sex money and celebrities..

Infosys  will suck as much money from USA as possible ,before USA will be decayed


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United States SomeH1Bsareuptonogood
May 24. 2011 15:41
SomeH1Bsareuptonogood

Yessssssss!!!!


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United States SomeH1Bsareuptonogood
May 24. 2011 15:42
SomeH1Bsareuptonogood

Yeeehaw!!


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 SomeH1Bsareuptonogood
May 24. 2011 15:42
SomeH1Bsareuptonogood

Yeeehaw!!


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United States Cd
May 24. 2011 15:49
Cd

another investigation by the Texas Rangers

economictimes.indiatimes.com/.../8561350.cms


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United States Poonibaba
May 24. 2011 16:09
Poonibaba

Payback's a bitch, aint it, moderchoders?


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 SomeH1Bsareuptonogood
May 24. 2011 16:59
SomeH1Bsareuptonogood

About time Smile Yeeehaw!!!


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 SomeH1Bsareuptonogood
May 24. 2011 17:00
SomeH1Bsareuptonogood

About time Smile YEEEHAW!!!


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United States James
May 24. 2011 17:11
James

Good ol' karma is finally coming back to bite Indians for their decade-long crime spree against Americans. Do these people seriously expect to invade the US, rob our industries blind, commit visa fraud, lie, cheat, and steal, lock Americans out of their own job market, attempt a takeover of Silicon Valley, ruin one of our companies after another, and to top it all off, not pay any taxes?

With a rap sheet like that, there's bound to be Cosmic Payback sooner or later.

This is just the beginning of the end for India, Inc. in America. Once the Feds really find out what these organized crime rackets are up to, we're going to be seeing a lot more Indiots go down hard. Just wait and see. Hiked visa fees, reduced demand for H-1B, Indolts being denied re-entry to the US once they leave, and now criminal fraud investigations point to the fact that the US gov't has finally gotten the message: far from helping the US economy, India, Inc. has been robbing the US blind and deceiving Americans for 13 years.

Game over India. We all knew it was coming and now you know it too. Enjoy the karma, because it's going to be severe.


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United States db
May 24. 2011 19:00
db

Sorry about the parse snafu above. When I posted the URLs they ended up getting garbled. The new Dan Rather report which you should all check out is posted as the hyperlink behind my handle above. The YouTube channel it's on is called "theratherreports" and the title is "Dan Rather Reports - Help Wanted! (Not Here)."

It's a hour long piece. Pretty interesting. Pass it around your e-mail lists and help build consensus and raise awareness!!!


http://www.youtube.com/watch?v=e73gx6Ae6pkhttp://www.youtube.com/watch?v=e73gx6Ae6pk


United States James
May 24. 2011 21:26
James

"No one can deny  Infosys power, $30 Billion is a mouthwatering money and any american will kneel down for  20 pieces of silver "

If you believe that number. Satyam claimed a billion in profits it never had and Raju is now sitting in a shithole can in India.

"Infosys will bribe and get away easily...No one in USA can touch an INDIAN or INDIAN company "

Raj Rajaratnam and Rajiv Goel would disagree with you.


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United Kingdom Jamesisanmoron
May 25. 2011 05:32
Jamesisanmoron

Infosys will bribe all americans Infosys is a 70 Billion $ company, how many of Americans Businesses are of Worth 70 Billion $ .

Americans are biggest morons, they are losers and INDIANS have everyright to invade and take the jobs and women of americans


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United States Rat Pack
May 25. 2011 18:25
Rat Pack

Why are allowing this marble-mouthed maderchod to post his Hinglish nonsense here?


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United States Rat Pack
May 25. 2011 18:32
Rat Pack

Or to put it another way to the slumdog: जाने बकवास अपने आप गुंडा


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United States James
May 25. 2011 18:42
James

First you say InfoSys is a $30 billion company now you say it's $70 billion?

I thought Indians were supposed to be GOOD AT MATH!

BWAHAHAHAHA.

InfoSys probably makes $10-$20 million a year max is my guess. The rest is all lies and hype. Luckily now due to the Feds' income tax evasion investigation, we'll probably see the real income of InfoSys come out. I suspect it's another Satyam.

The IRS doesn't mess around and if you try to bribe them, trust me, you'll go to jail, just like this "best and brightest" DELUSIONAL DUMBASS DESI who tried to bribe the US Navy and got convicted:

timesofindia.indiatimes.com/.../7458440.cms

RETARDS!


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United States Your Indian Friend
May 26. 2011 03:10
Your Indian Friend



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 SomeH1Bsareuptonogood
May 26. 2011 06:14
SomeH1Bsareuptonogood


No doubt this is all just noise for campaign donations. The Infosys case will go the way of the Vision systems case...just a slap on the wrist....

www.computerworld.com/.../Troubled_H_1B_fraud_case_ends_quietly_

Save your options trading money.


Read more: online.wsj.com/.../...20804576343070058872708.html


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 Anonymous
May 26. 2011 08:43
Anonymous

I am immensely grateful to Tunnel Rat and the comments section. As the rest of the media suffers from political correctness. India is incapable of taking a hard look at itself.

Character building does not happen overnight. Suddenly one cannot face the mirror & take a pledge of integrity. Thus hoping to escape punishment for wicked actions done hitherto.

In fact India & America are poles apart. Where Americans go deep ,assessing one's credentials threadbare as that has a long lasting impact on affairs unfolding Indians are so lugubriously depraved. An Indian does not even know the value of integrity & honesty. But shamelessly chants " Truth is God ". Their quality of thoughts is so ugghh , one is left despairing.


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India H1b Machine
May 26. 2011 22:48
H1b Machine

Obama just had press release in India, he promise to president pardon Infy if the need exists.  Sorry guys.


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United Kingdom Jamesisanmoron
May 27. 2011 08:20
Jamesisanmoron

People..AMERICA is a whore , she is used as a whore by Zionist regime..look at latest nethanyahu speech, whole congress is worshipping him.

Americans don't have even an Iota of Integrity, and i rest my case against their women, I dont need asses their charecters....They are just meant to worship shiny things.


All in all USA a whore of 21 century where people, politicians have no integrity and honesty and sold their souls for 20 pieces of silver.

what can you expect from such a depraved nation...it can't stand on its own feet with $14.6 Trillion debt a BEGGAR  named USA is masquerading across the world Killing Innocent people and showing its Last signs of resistance.

pretty soon the WHORE USA will become Bankrupt and will be infected with STDS and HIV...

Look at the Divine justice that its suffering from in Latest tornados ..


A beggar a Morally depraved nation full of whores and Fat idiots abusing little children --This is USA.

a Moronic nation...I am loving it as the fate of this WHORE is sealed...Look  Americans...Living in Fear , Getting groped by TSA, watched  24/7 by Big Brother.

Lol..USA is where most prisoners are found and most of them are Juveniles...haha , does this WHORE has any Future?...

USA was used by every one and when its beauty fades away it will thrown out like a Tissue paper and Israel,india will Press the  Flush Button so that the Tissue paper will go into septic tank.


This website is even made by an moron who is helpless and have no voice in his own country...

I love his helplessness , his insecurity ,his fear , his destitution....what a Miserable life these people are leading.

used by a Tissue paper by israel in Iraq,Afghanistan and now will fucked in pakistan.


LOL...If any body wants to look how USA will be in Near future--Kindly see latest photos of Tornado hit regions.

USA will be SHITHOLE of this world, Hated and disliked.

Day is not far away when every person on this planet will SPIT on americans face.

and these useless impotent people cant even speak in their own country against Israel or any other country...

such an impotent assholes, can they really Pull down infosys?...No they can't.


    


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United States America Defender
May 27. 2011 19:17
America Defender

While it is true that America is beholden by the evil Israelis/Khazars, India is in no better situation.  In fact, India "thinks" it will be looked favorably upon by the Krypto Kabalas, when in fact they are even lesser Goyims in their eyes.

India needs to rid itself of such condescending confrontational attitude.  It needs to learn to work with other people.  In this increasingly multi-polar world, America still plays a influential role.  And India still has about as much influence as Nigeria, even less in many key social indicators.  So I suggest India learn to work with her neighbors (Pak & China) and the world (USA, EU, Africa, Asia, Americas, Arabs) because India is a 'net taker' not a 'net giver' -- India needs the world, but the world doesn't need India per say.


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United States James
May 28. 2011 03:08
James

@james is a moron

If you don't InfoSys execs can go to jail, just look at Raj Rajnamathan. He's in jail right now. So is Rajiv Goel from INTEL. What makes you think InfoSys is any different. Trust me, they comitted visa fraud and they're going down hard, just wait.

As for your caracture of the US you should know that the vast majority of Americans are not what you see on US TV. Don't mistake Hollywood and Washington for America.

As for depraved, that would be India:

Number one in teen prostitution

Number one in HIV

600,000,000 people shit on the ground every day - unable to even know how to use shovels, let alone toilets.

Number one in slavery

Number one in sex perverts. All one has to do is read Times of India front page - every other story is about sex.

And you call us depraved? India is the most depraved country on earth.

Now go back to your hole and try and build some toilets, will ya?


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United Kingdom Indianscheating Australians
May 28. 2011 07:44
Indianscheating Australians

Israelis and Indians come from same Babylonian pHallus worshipping Cult,we like each other, both of us are corrupt, practise incest and many others.

We both belong to same sect,only change is color, now we will conquer the world


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United States James
May 28. 2011 16:19
James

You ain't conquering shit. You can't even run the commonwealth games.


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United States James Spelling
May 30. 2011 10:03
James Spelling

India is a culture of patrimony and corruption. It's no surprise that they have latched onto the H1-B program to their advantage. What's shocking is that the U.S. government has allowed the program to continue, even though it's well known it's a sop to corporate interests. Even that is suspect as I don't see how this benefits corporations. It may benefit the manager who now gets twenty employees under him while before he got six.
Time to go back to the lesser is more paradigm. Four great programmers can outwork fifty mediocre ones, or more likely do things that the mediocre programmers can't conceive.


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 SomeH1Bsareuptonogood
May 30. 2011 17:43
SomeH1Bsareuptonogood

My thinking is that the whole outsourcing and H1B thing is an avenue/means to launder money. Just imagine...how easy it would be to transfer money to India to get work done, and then show some bullshit expense and funnel the money into the accounts of those in power....


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United States Cd
May 30. 2011 19:56
Cd

TR you start banning some of these posters.   If they want to have their opinions respected they should
post in any indian newspaper.


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United States America Defender
May 31. 2011 01:54
America Defender

CD,

I respectfully disagree.  By banning them (ie censorship) you are preventing people from reading the thoughts of H1-Bs.  Their own ARROGANCE, PREJUDICE, IGNORANCE is for all to see.  If you ban them, as you suggest, then that is a dis-service to educate people about the true seriousness of the India Inc Scam that is affecting MILLIONS of FAMILIES (lost job, lost homes, broken marriages, etc).



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United States Drifter
May 31. 2011 20:47
Drifter



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 SomeH1Bsareuptonogood
June 1. 2011 01:45
SomeH1Bsareuptonogood

Got to admit...no one is those videos looks obese...


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United States Heartlander
June 1. 2011 11:15
Heartlander

Got to admit...no one in those videos looks healthy...


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