A resident of NAPERVILLE, Il, 36-year-old Nandita Chatterjee and her 34-year-old brother-in-law Neil Varma from new York accused of fraud and misappropriation of millions of dollars, — stated in the U.S. Department of justice.
Since 2011, Chatterjee was the President and CEO of CS Management, Inc. in Oakbrook Terrace, and Varma — chief financial officer. The couple also managed Chatterjee Pharmaceuticals, a company allegedly operating in India.
It is established that malefactors received money from investors, and when it came time to pay, they took money from other investment companies (e.g., Fidelity Investments), forging checks, reports the Chicago Suntimes.
In addition, in this scheme, Nandita Chatterjee seemed still a lawyer, and the fees were transported on account of his brother-in-law. Prosecutors also said that Chatterjee and Varma staged charity concerts and fundraising, and donations received were spent.
Only this time the pair has spent over 12 million dollars. And Chatterjee, Varma and charged with fraud, Bank fraud, money laundering, using counterfeit checks, illegal money transactions.
If they are found guilty on all counts, the verdicts may exceed 300 years’ imprisonment.
The first hearing of this case will be held June 28 in Federal court in Chicago.
