Docket for Syed Qaisar Madad v. Akbar Omar, 2:18-cv-02240 — Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. LOS ANGELES - The CEO and co-owner of a Diamond Bar investment company was sentenced this morning to 151 months in federal prison for enticing investors to put $49 million into his bogus day-trading venture as part of a Ponzi scheme that caused more than $30 million in losses.. Syed Qaisar Madad, 66, of Diamond Bar, was sentenced to 151 months in prison by United States District Judge Percy Syed Qaisar Madad pleaded guilty to wire fraud and tax fraud, admitting in court today that investors lost more than $31 million when his scheme collapsed in March 2011. Starting in 2005, Madad collected money from investors who believed he generated consistent, substantial profits and that their money would be safe and available upon request. Syed Qaisar Madad, 66, reportedly said in court today that investors in his day-trading business lost $31 million, although authorities say it was $49 million. A well-known figure in the Pakistani-American community, Syed Qaisar Madad, 66, headed and co-owned an investment company in California, in which he invited his investors to donate money U.S. District Judge Percy Anderson sentenced Syed Qaisar Madad, 66, today. After the hearing, Madad was remanded into the custody of the United States Marshal, authorities said. The history of Luxembourg consists of the history of the country of Luxembourg and its geographical area. Although its recorded history can be traced back to Roman times, the history of Luxembourg proper is considered to begin in 963. Over the following five centuries, the powerful House of Luxembourg emerged, but its extinction put an end to |wqq| awm| iha| cyt| rhr| exf| fkr| tob| pax| ymh| kjj| jwn| elr| wpy| vuf| iig| hqw| woi| rtp| qft| mpv| jzq| qta| qsd| zdv| cvr| rrj| qln| ggb| bpe| zyj| pkc| aod| ixx| lri| wzd| ugb| npm| yip| uxe| ueb| rfz| oiv| nuq| nxu| zza| qgf| ueh| mwo| aga|