Metairie Man Charged With Defrauding His Employer and Filing False Tax Return
NEW ORLEANS – U.S. Attorney Peter G. Strasser announced that DEEPAK “JACK” JAGTIANI, age 60, a resident of Metairie, was charged on December 19, 2019 in a two-count indictment with wire fraud and making false statements on a federal income tax return.
According to the indictment, 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. Using his authority, JAGTIANI paid himself excessive salaries and benefits from 2009 through early 2019. In total, JAGTIANI defrauded Dan-Gulf of over $7,000,000.00. The indictment also alleges that JAGTIANI filed false personal tax returns in April 2018, in which he claimed that he and his spouse sustained $998,335.00 in business losses from a “catering business” in order to reduce their tax burden. In truth and in fact, neither JAGTIANI nor his spouse operated any catering business.
If convicted of wire fraud, JAGTIANI faces a maximum of 20 years in prison, a $250,000.00 fine, and up to three years of supervised release. If convicted of filing false tax returns, JAGTIANI faces a maximum of three years of imprisonment, a $250,000.00 fine, and up to one year of supervised release.
U.S. Attorney Strasser reiterated that an indictment is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.