The alleged overpaid funds to Techsys are claimed to have filtered back into the pockets of Deepak Agarwal and his family members. Deepak Agarwal himself was paid a $360,000 salary without adequately performing his duties as a company executive. Additionally, the complaint alleges that Agarwal received $1,241,878.59 in salary and expense reimbursements from 2012 to 2018 when the charges were filed. At least Agarwal took care of his own, paying Vishal Agarwal an annual salary of $300,000 as the company’s Chief Marketing Officer.
Eventually, Agarwal would be ousted from the Choxi, which was left to fend for itself after this alleged massive scheme was unearthed.
Agarwal’s questionable business history
Deepak Agarwal is no newcomer to business dealings that have received scrutiny. As the previous CEO of Nomorerack.com, Agarwal claimed his company increased sales from $9 million to $340 million in just a few short years. However, the Nomorerack received thousands of consumer complaints and gained a rating of “F” by the Better Business Bureau.
