Indian-Origin Man Gets 4 Years In Prison For Defrauding American Express
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Jasminder Singh was ordered to pay over USD 4.6 million in restitution.(Representational)New York: An Indian-origin man has been sentenced to four years in prison for defrauding an American multinational credit card company of approximately USD 4.7 million and for laundering the proceeds of his fraud.Jasminder Singh, 45, of Fremont in California was sentenced last week in the Eastern District of New York to four years in prison for defrauding American Express of nearly USD 4.7 million.According to court documents and evidence presented at trial, between November 2017 and December 2019, Jasminder Singh used four business entities that he created and controlled and 10 American Express credit cards in those entities' names to purchase thousands of Apple iPhones.He then sold the iPhon...