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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
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, falsifying bank records, and misleading investors in a publicly traded healthcare services company where he served as CEO.
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timesofindia.indiatimes.com
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Indian-origin former CEO sentenced to 5 years in prison over $212 million fraud in New Jersey, asked to pay $125 million
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…
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Super-rich NRI who called himself 'recession-proof' in 2008 sent to jail: His New Jersey mansion had salt water pool surrounded by imported…
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.…