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Indian-American sentenced to jail in $12.5 mn fraud case

Washington: An Indian-American investment advisor has been sentenced to 10 years in prison following his conviction on 20 counts of fraud in connection with a scheme, which bilked 15 investors of approximately USD 12.5 million. Amit Mathur, a resident of Shrewsbury in Massachusetts, was sentenced on May 1  ....Read more

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2 Comments |
Is the Judgement biased?By: naresh | Thursday , 14 May '09 16:24:32 PM Reply | Forward In recent times there have been so many frauds all over the USA starting from not so distant past with Exxon to not so recent one Merril Lync(or whatever) and those guys didn't get so much sentence as this 12.5 million guy.
Indian Parliament Tamasha eginsBy: jaswant | Thursday , 14 May '09 12:06:42 PM Reply | Forward I have been hearing from all pundits that the Indian voter is smart, which to me is a farfetched imagination.The voters that really count are the ones in rural India, and for them it is the basic neccessaity of their existence that is of only inportance.In such a scenerio it state politics assumes priority and therefore state local political parties take control and then use their bargaining skills, which by the way, have been honed to the hilt.
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