Emirates Bank lawsuit alleges fraud by InfoSpan and its founder Bajwa, with former White House counsel Kathryn Ruemmler testifying

Emirates Bank lawsuit alleges fraud by InfoSpan and its founder Bajwa, with former White House counsel Kathryn Ruemmler testifying The passage provides concrete details about a fraud dispute involving a foreign bank, a tech startup, and a former White House counsel, offering names, entities, and a criminal complaint that could be pursued for financial misconduct. However, the claims are already part of a public court case and lack new, explosive revelations about high‑level officials, limiting its impact. Key insights: InfoSpan sold alleged technology (SpanCash) to Emirates Bank, which later claimed the product never worked.; Bank filed a criminal complaint alleging fraud and extortion after the deal collapsed.; Former White House counsel Kathryn Ruemmler testified for the bank, asserting the technology would have been held in escrow.