Wednesday, December 3, 2014

Edison Man Sentenced to 15 Months in Prison for Defrauding Investors

NEWARK, NJ The former president of a Middlesex County, New Jersey, investment company was sentenced today to 15 months in prison for defrauding investors out of more than $250,000, U.S. Attorney Paul J. Fishman announced. Shreyans Desai, 27, of Edison, New Jersey, president of Shreysiddh Capital LLC, located in Iselin, New Jersey, previously pleaded guilty before U.S. District Judge William J. Martini to Counts One and Two of a superseding indictment charging him with wire fraud.

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