Deepak “Jack” Jagtiani was sentenced to more than five years in prison for embezzling over $7 million from a Metairie, Louisiana-based marine cargo company and for defrauding the government of over $1 million in income taxes.
Jagtiani, 61, who was facing a maximum of 20 years in prison when he was indicted last year, admitted that he used his authority as the comptroller of Dan-Gulf Shipping Inc. to pay himself excessive salaries and benefits from the company between 2009 and 2019. Dan-Gulf...
https://www.freightwaves.com/news/maritime-company-employee-sentenced-after-stealing-7-million