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Indian-origin man jailed for 26 months in US in fraud case

Indian-origin man jailed for 26 months in US in fraud case

India Today
Monday, June 14, 2021 08:52:03 AM UTC

Former Amazon staff husband was imprisoned for insider trading in the U.S. and earned $ 1.4 million.

The Indian-origin husband of a former Amazon employee has been sentenced to 26 months in prison by a US court for securities fraud and illegally making a profit of USD 1.4 million by using inside trading information from his wife. Viky Bohra, 37, from Bothell, Washington state, pleaded guilty in November 2020, admitting that between 2016 and 2018, he used Amazon inside information he obtained from his wife, an Amazon finance employee, to place trades in Amazon stock-making a profit of USD 1.4 million, acting US Attorney Tessa M Gorman said. Bohra was sentenced on June 10 in US District Court in Seattle to 26 months in prison for securities fraud due to his insider trading activity, the US Department of Justice said in a press release.
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