Former Indian CEO sentenced to 5 years in prison for New Jersey fraud of $212 million, ordered to pay $125 million
Comments Off on Former Indian CEO sentenced to 5 years in prison for New Jersey fraud of $212 million, ordered to pay $125 million
May 14, 2026
Ultra-rich NRI Paul Parmar has been sentenced to five years in prison for fraud in New Jersey. Parmjit Parmar, a 55-year-old Indian-American man from New Jersey, was sentenced to five years in prison, followed by three years of supervised release, and a…