Indian jailed for 26 months for insider trading in US

Vicky Bohra was convicted in November

Vicky Bohra, a resident of Washington, obtained company information from his wife who works at Amazon.

Washington: The Indian-origin husband of a former Amazon employee has been sentenced by a US court to 26 months in prison. He was convicted of making an illegal profit of માં 1.4 million in stocks by obtaining inside trading information from his wife.

Vicky Bohra, 37, of Bothel, Washington, was convicted in November 2020. Acting U.S. Attorney Tessa M. Gorman said Bohra admitted that he obtained Amazon's inside information from his wife between 2016 and 2018.

Based on this information, he made an illegal profit of 14 1.4 million by trading in Amazon's stock. Bohra's wife worked in Amazon's finance department. Bohra was sentenced by a U.S. District Court in Seattle on June 10 to 26 months in prison, the U.S. Department of Justice said in a statement.

During the sentencing hearing, U.S. District Judge James Roberts said Bohra also convicted his wife and wife. This type of white collar crime is just as serious as the crime seen on the streets.

U.S. Attorney Tessa M. Gorman said Bohra's wife received thousands of dollars in salary and bonuses from the company, but Bohra was not satisfied. The verdict in this case is a warning to people to make a profit in stocks through inside trading.

An investigation into the case revealed that Bohra's wife had obtained secret information about Amazon's income and expenses. In this case, Bohra and his family members have paid 26 26,52,899 in disorganization, interest and fines. However, no criminal charges have been filed against Bohra's wife. He is no longer an employee of Amazon.