Indian-American Essex Holdings ex-CEO gets 15 yrs in jail for $33-mn fraud

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A 44-year-old Indian-American has been sentenced to 15 years in prison for duping over 100 investors of $33 million through fraudulent schemes.

Navin Shankar Subramaniam Xavier, a resident of Florida, was the former Chief Executive Officer of Essex Holdings, the company through which he carried out two fraud schemes. He raised more than 

He was sentenced yesterday to 15 years in prison by US District Judge Darrin Gayles in Miami.
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