CEOs of Tech and Investment Companies Sentenced to Prison for Fraud and Securities Fraud

Suni Munshani, former CEO of a Connecticut-based technology company, has been sentenced to 42 months in prison for his involvement in a scheme to defraud the company of millions of dollars. Munshani created an email account in the name of his deceased uncle and used it to obtain payments from the company for services that were never provided. He also caused the company to issue a $3.5 million check for a purported tax liability, which he deposited into an unauthorized bank account created by him. Munshani was also involved in fraudulent licensing and reseller agreements.