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
Super-rich NRI Paul Parmar was once known for his lavish lifestyle, 39,000 sqft New Jersey mansion. 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,…
