Super-rich NRI who called himself ‘recession-proof’ in 2008 sent to jail: His New Jersey mansion had salt water pool surrounded by imported sand

Super-rich NRI Paul Parmar was once known for his lavish lifestyle, 39,000 sqft New Jersey mansion. Parmjit “Paul” Parmar, an Indian-origin investor who once called himself recession-proof as he continued splurging money in 2008, has been sentenced to five years in prison. Parmar pleaded guilty to conspiracy to commit securities fraud that involved inflating revenues, […]

Read More

Swiss vote on compulsory civic duty, climate tax for super-rich

GENEVA: Switzerland votes Sunday on whether to replace the current men-only military conscription with a compulsory civic duty for men and women alike and on taxing the super-rich to fund the climate fight.Neither initiative is expected to pass, according to recent polls, but they have generated significant discussion in the wealthy Alpine nation. Under Switzerland’s […]

Read More