Indian-origin man gets 33 months in jail for mail fraud and embezzlement in US
5 March 2019 1:17 AM IST
According to plea agreement, from March 2013 until Jan. 2018, Shankar was an employee of a medical device company.
After an investigation, it was revealed that the fraud was committed from Haryana and the modus operandi of the fraudsters was to lure people by promising them insurance policies with huge returns. (Representational Image)
New York: An Indian-origin man has been sentenced to 33 months in prison and ordered to pay $2.6 million in restitution for being convicted of mail fraud and embezzlement. Dinesh Shankar, 41 of San Jose was sentenced for embezzling from a medical device company.
According to plea agreement, from March 2013 until Jan. 2018, Shankar was an employee of a medical device company. Beginning July 2013 until Dec. 2017, he submitted false expense reports and false invoices to the company, causing the firm to pay more than half a million dollars in excess of the legitimate expenses and expenditures for services provided to the company.
( Source : AFP )
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