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Suni Munshani Who Pled to Theft Was Denied Compassionate Release Restitution Disputed

By Matthew Russell Lee, Patreon Maxwell book

SDNY COURTHOUSE, July 26 – Suresh Munshani was on trial for keeping money given to him by his brother Suni Munshani who has pleaded guilty to stealing from his employer, Protegrity USA Inc.  Inner City Press covered the case.  

  On February 13, 2023 U.S. District Court for the Southern District of New York Judge Jed S. Rakoff presided over closing arguments. Inner City Press went and covered it.  

The Assistant US Attorney said Sunesh kept easy money for doing no work, that he must have known it was stolen money.  

The lead defense counsel, with many notes passed up from the defense table, said the case was only circumstantial.

The rebuttal summation began, with a crowd gathered outside the courtroom for unrelated proceeding.

  February 14 saw the legal instructions, and  the verdict: "a jury returned a guilty verdict today against SURESH MUNSHANI on charges of conspiracy to commit wire fraud and conspiracy to commit money laundering.  MUNSHANI is scheduled to be sentenced on May 10, 2023, by U.S. District Judge Jed S. Rakoff, who presided over the one-week trial."

On May 3, the US asked for a sentence of 30 months, less than the guideline of 57 to 71 months, but more than Probation's recommendation of a year and a day.

On May 8, Suresh Munshani replied "there is no universe in which Suresh deserves a prison sentences just 29% short than his older brother... the 'leaders and primary beneficiary' of the conspiracy."

Before the May 10 sentencing, this one from April 7, announced by SDNY on April 10: "SUNI MUNSHANI, the former Chief Executive Officer of a Connecticut-based technology company (the “Victim Company”), was sentenced to 42 months in prison for his participation in a scheme to defraud the Victim Company of millions of dollars."

And Suresh got nine months: "Minute Entry for proceedings held before Judge Jed S. Rakoff: Sentencing held on 5/10/2023 for Suresh Munshani (2) Count 1s,2s. Present were the defendant and his counsel Kari Parks, Esq., AUSA Steven Kochevar and AUSA Timothy Capozzi for the Government, and a court reporter. Sentence: on counts 1 and 2: 9 months prison to run concurrent on both counts, voluntary surrender to the institution on 8/1/2023 by 2:00pm. 1 year supervised release on counts 1 and 2, all conditions on both counts to run concurrent. Dismiss underlying indictment. $200 assessment, $860,000 restitution joint and several with codefendant Suni Munshani, $150,000 forfeiture."

Jumping to 2024, on May 22 Suni Munshani was denied compassionate release. On June 26, an old letter from March 19 was belatedly docketed, saying that Munshani had not paid restitution other than an amount seized which "ha[d] yet to be paid over to Protegrity."

The case is US v. Munshani, 22-cr-215 (Rakoff)


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