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AFTER pleading guilty to one count of conspiracy to commit wire fraud, Umair Hamid, a vice president of Axact, faces between 63 and 78 months in prison, along with a fine of more than $11 million.
There is no parole in the federal system under which he has been charged. According to the public record of the proceedings, acquired by Dawn, there is no indication that Hamid has cooperated with the authorities, although those familiar with the US justice system say that cooperation could come at any time, even after sentencing.
Hamid faced an additional two-year mandatory sentence against an aggravated identity theft charge, which was dropped as part of the plea deal he cut with prosecutors.
Sentencing is scheduled for July 21. He is being held in the Metropolitan Detention Centre, Brooklyn, New York.
Published in Dawn, May 7th, 2017
Comments (4) Closed
That is totally unfair. They have been hard done by because they are Pakistani. It looks like a conspiracy to fail BOL TV channel which is biggest TV network of the world.
@Ghalib-movie 'biggest TV Network of the world'?
What world or Universe do you live in? If Pakistan has ever produced anything, it is the biggest scammers, fraudsters, liars and corrupt officials of all stripes!
There is not even a single Pakistani commercial brand, offering goods or services that is uniquely Pakistani, which can compete with any international brand, nor listed on international exchanges or be part of S&P 500, Fortune 500 or Russell 1000 Index,
@Ghalib-movie "BOL TV channel which is biggest TV network of the world."
Apparently you have never left your little village or neighborhood to know how big and diversified the World is.
@Ghalib-movie Galaxy sir - Bol is the biggest and the best in the entire galaxy and the team is so pious that you can export some of it and generate revenue