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May 16, 2018 · The CEO of a New Jersey health care billing company was arrested by the FBI Wednesday on charges he orchestrated a $200 million fraud on unsuspecting investors. Parmjit "Paul Parmar, the one-time ...
US prosecutors have charged three former executives of Constellation Healthcare with securities fraud. Early on Wednesday, FBI agents arrested former chief executive Paul Parmar near his home in ...
May 16, 2018 · In the criminal complaint filed Wednesday by the U.S. Attorney's Office in New Jersey, former CEO of Constellation Healthcare Technologies Inc. Parmijit “Paul” Parmar was charged with ...
- Evan Sweeney
May 16, 2018 · Constellation Healthcare Technologies Inc.’s former chief executive officer, Parmjit “Paul” Parmar, and two other ex-officials were charged with running an elaborate $300 million investment-fraud scheme using fake subsidiaries and bogus bank statements. Parmar, along with former Chief Financial Officer Sotirios “Sam” Zaharis and ex ...
- elarson4@bloomberg.net
- Bloomberg News
May 16, 2018 · The complaint charges former Constellation chief executive Parmjit (Paul) Parmar, former chief financial officer Sotirios (Sam) Zaharis, and former company secretary Ravi Chivukula. In September 2017, amid concerns about Constellation’s financial condition, Parmar resigned and Zaharis and Chivukula were put on administrative leave.
May 16, 2018 · Defendants Allegedly Inflated Company’s Value and Revenue to Defraud Investors. NEWARK, N.J. – The former CEO, CFO and an executive director of a publicly traded health care services company were charged today with allegedly orchestrating a widespread scheme to defraud investors and others out of hundreds of millions of dollars in connection with a merger transaction designed to convert ...
Mr. Parmar has previously invested in healthcare businesses and technologies. In 2008 a group represented by Mr. Parmar bought a controlling interest in a medical billing company and subsequently sold the business to NextGen. In 2013 he founded Constellation Health to acquire Orion. Mr. Parmar built a private aviation business through both ...
