Sharma ran a lucrative perfume business.
By The American Bazaar Staff
WASHINGTON, DC: Virender Sharma, an Indian American businessman and physician in Laredo, Texas, who ran and operated a perfume business, was indicted for violating cash reporting requirements involving more than $1.6 million.
Sharma, 59, the owner and president of a wholesale and retail perfume store in Laredo called T.M. Perfumes, was indicted by a federal grand jury on 44 counts of causing his business to fail to report cash transactions of more than $10,000.
The indictment alleges that Sharma was responsible for complying with the cash reporting requirements for the company. Despite knowing of his filing obligations since 2006, he allegedly caused the business to fail to report at least 44 of the transactions between June 2009 and July 2010, which totaled more than $1.6 million.
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division and U.S. Attorney Kenneth Magidson of the Southern District of Texas made the announcement, according to a press release.
According to the business record of Sharma on Bloomberg, Sharma is also a physician, having received his bachelor’s degree from the All India Institute of Medical Sciences.
Apart from running the perfume business, Sharma is also shown to be the Chief Medical Officer/Co-Founder, Endostim Inc., which was established June, 2011. He is also Director, Arizona Center for Digestive Health.
Sharma is also a Fellow at the American Society for Gastrointestinal Endoscopy, and the American College of Gastroenterology.
1 Comment
What a lousy piece of research! The reporter/editor has mixed up a GI physician with same name with this person in TX! Lot of Indians have same first and last names!!
I contacted Bloomberg about the error and they promptly corrected it. How will this news paper repair the harm to the physician? Why such sloppiness in salacious reporting?
See the corrected version on Bloomberg now:
http://www.bloomberg.com/profiles/people/17104325-virender-k-sharma
I hope the newspaper reporter apologizes both privately and in public. In the internet , instant news era, It is hard to correct wildfire spread of wrong information. It behooves the reporters and editors to do due diligence.