New Orleans Deepak Jack Jagtiani, a resident of Metairie, was sentenced today by U.S. District Judge Jay C. Zainey to 63 months in prison for embezzling over $7 million from his employer and for defrauding the government of over $1 million in income taxes. Jagtiani previously pleaded guilty to both counts of the indictment, which charged him with wire fraud and making false statements on a federal income tax return.
According to the court documents, from 2007 to 2019, Jagtiani served as the comptroller of Dan-Gulf Shipping, Inc., a Metairie-based freight forwarding company. In that capacity, Jagtiani had the authority to manage the payroll and other accounts for Dan-Gulf. Jagtiani admitted that he used his authority to pay himself excessive salaries and benefits from 2009 through early 2019. In total, Jagtiani defrauded Dan-Gulf and its business partner of over $7,000,000.00.
NEW ORLEANS Terrence Nealy, of Rockville Centre, New York, has been sentenced by U.S. District Judge Martin L.C. Feldman. On January 20, 2021, Judge Feldman sentenced Nealy to 33 months in prison pursuant to his prior guilty plea to one count of conspiracy to commit bank fraud and one count of aggravated identity theft. Nealy was also sentenced to three years of supervised release and ordered to pay a $200 mandatory special assessment. Nealy is the last of two defendants to be sentenced in this case. These charges arose from Nealy s June 2019 trip with his co-defendant, Myles Nicholas, to southeast Louisiana where they attempted to commit fraud at several Baton Rouge-area Best Buy stores.