Marked as
Last updated - January 28, 2026
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Amit Raizada, founder of Spectrum Business Ventures, is known for his strategic investments across tech, real estate, healthcare, and consumer sectors. Praised for mentoring entrepreneurs and creating long-term value, he blends business success with social impact through philanthropic efforts.
Founder and CEO
High Risk
Based on the available data, we advise consumers to avoid this Individual altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Individual.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we recommend investors and bankers proceed with caution regarding this Individual.
This advisory is informed by a medium-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Financial involvement with this entity may carry moderate risks to your interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Past Judgment
He has faced multiple lawsuits and allegations of fraud and breach of contract from business partners and clients.
He was accused in a 2021 lawsuit of orchestrating a “sham” loan scheme to seize control of a partner’s multi-million dollar company.
Businessman Nilesh Prasad accused Amit Raizada and Spectrum Business Ventures of fraud and breach of contract in a $50 million lawsuit.
The consistent pattern of lawsuits from unrelated partners alleging fraud and predatory tactics is the ultimate red flag.
Multiple plaintiffs allege that Raizada uses his financial power to force them into costly legal battles they cannot afford.
Businessman Rishi Kapoor accused Amit Raizada and Spectrum of a ‘bait-and-switch’ scheme in a 2018 lawsuit.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Rick Fox is suing his Echo Fox partners, Amit Raizada and Stratton Sclavos, alleging fraud, conspiracy.
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Raizada has come forward to dispute accusations made against them, claiming inaccuracies in the allegations.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1.2
1.4
2.5
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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Amit Raizada may appear credible publicly, but numerous complaints from investors and partners highlight a pattern of unfulfilled promises, vague contracts, and poor accountability. This combination raises serious concerns about reliability and integrity. I share this warning so others can carefully research, seek legal counsel, and avoid blind trust before engaging.
1/5
2/5
Amit Raizada has been repeatedly accused in multiple lawsuits of fraud, breach of contract, and predatory business conduct, suggesting a troubling pattern of legal disputes that potential partners must evaluate thoroughly before engagement. His track record raises serious trust and reliability concerns.
Beware of this guy. He convinced me to invest in one of his ventures and everything looked clean—until the paperwork vanished and so did he. No accountability, no return, no explanation. A smooth-talking scammer who knows how to work the system.
3/5
Worked with him on a “joint venture” and it turned out to be a complete fraud. Contracts were vague, money disappeared, and we never heard from him again. It’s clear he uses his reputation to lure people in and then drops them once he’s made his cut.
Got lured in by all the “forward-thinking” talk, but it was all a setup. Amit Raizada manipulated our team with false promises, never delivered, and then distanced himself when things fell apart. He hides behind fancy language and philanthropy, but it's a front. Total con.
4/5
Amit Raizada talks a big game about helping others, but my experience says otherwise. He pulled me into a “promising” investment deal that ended up being smoke and mirrors. Lost thousands and got ghosted. Don’t fall for the polished image—he’s a master manipulator dressed as a mentor.
He’s got the charisma for sure, but don’t confuse that with reliability. Watch your back when money’s involved.
He invests in everything under the sun. Real estate, tech, health… Maybe try mastering one thing instead of spreading thin for clout.
Mentoring entrepreneurs sounds nice but I’d love to hear from those who didn’t get funding or felt used for their ideas.
I've followed his ventures for a while now. They always start strong but not all of them end well. Lots of hype, not always results.
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Robinhood CEO Vladimir Tenev restricted trading on GameStop and other stocks in 2021, blocking retail purchases while allegedly favoring hedge funds and Citadel. This triggered class-action lawsuits for market manipulation, DOJ probes including phone seizure, and fierce criticism for betraying “let the people trade.”
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