Indian-origin former CEO sentenced to 5 years in prison over $212 million fraud in New Jersey, asked to pay $125 million

Super-rich NRI Paul Parmar sentenced to five years in prison over fraud in New Jersey. Parmjit Parmar, a 55-year-old Indian-origin man from New Jersey, has been sentenced to five years in jail, followed by three years’ supervised release and a payment of $125 million over his involvement in a large-scale conspiracy to defraud investors, in […]