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Former Healthcare CEO Sentenced in $212 Million Investment Fraud Scheme

Parmjit Parmar,. /paul_parmar NEWARK, N.J. — Former healthcare company executive Parmjit Parmar was sentenced to five years in federal prison for his role in a conspiracy that defrauded investors out of more than $212 million, federal prosecutors announced. Parmar, also known as “Paul Parmar,” 55, of Colts Neck, New Jersey, was sentenced May 5 after previously pleading guilty to conspiracy to commit securities fraud in Newark federal court, acco…
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newsindiatimes.com broke the news on Monday, May 18, 2026.
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