You are viewing a single comment's thread.

view the rest of the comments →

letsdothis3 ago

Hmmm:The curious case of Constellation Health and Blackstone’s former top deal maker T

Who knew that a spelling mistake would lead us down a path to accusations of self-dealing, a Sidney Lumet film, and a mental hospital?

This is a rather convoluted story that begins back at the end of September, when Constellation Healthcare Technologies, Inc, an American supplier of medical billing systems quoted on the AIM market in London, announced the acquisition of something called VEGA Medial Professionals LLC...

At the end of December, a shareholder filed a lawsuit against Constellation Health and Mr [Paul] Parmar, claiming the company was formed as “a sham, created to siphon assets… into the pocket of Parmar,” according to a court filing.

https://parmarpaul2.wordpress.com/

Paul Parmar is the Founder of Pegasus Blue Star Long article which should be read in full...

If you’ve got this far you might be wondering about the Blackstone chap featured in the headline! His name is Chinh Chu. He’s on the left here, with Prince Edward and Zakiya Khatou-Chevassus, the boss of yacht charter firm Carte Blanche International…

https://parmarpaul2.wordpress.com/ : Paul Parmar is the Founder of Pegasus Blue Star.. Interesting that the FT article didn't mention that..

http://www.constellationhealthgroup.com/articles/01-article.html

As the CEO of Pegasus Blue Star Fund, a private equity fund specializing in Healthcare Services Investments, I have over 20 years of experience investing and managing Healthcare Services companies in the areas of Cancer treatment centers, Surgery centers, Practice management, Medical Group Purchasing Organizations, EHR, Medical Revenue Cycle Management, Patient Portal, Claims Optimization, Claims Authorization, Patient collections, Bad debt collections etc.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=49681155

address: 623 Fifth Avenue

http://www.skyscrapercenter.com/building/623-fifth-avenue/2705

https://therealdeal.com/new-research/topics/property/623-fifth-avenue/ 623 sits on prestigious 5th Avenue in the heart of Midtown East and close to historic landmarks, such as Rockefeller Center and Grand Central Station.¾A wall of glass surrounds the entrance to the art deco-inspired lobby greets tenants.

Owner: Cohen Brothers Realty

May 2018 article: New Jersey Health Care CEO Charged in $200 Million Fraud

Parmar, 48, of Colts Neck, is charged with securities fraud and conspiracy. Part of the alleged scheme involved purchases of nonexistent entities and then funneling those millions into separate accounts, prosecutors said.

The FBI said in addition to creating sham acquisitions, Parmjit also helped oversee the falsification of bank records, list phony customers and misrepresent earnings to investors. One fake company was called “MDRX Billing,” an Ohio-based company prosecutors said never existed and alone was a $28 million dollar rip-off.

Two financial officers – Sotirios “Sam” Zaharis, 51 of Weehawken and Ravi Chivukula, 44 of Freehold, were also charged. They are believed to be overseas in India and could not be reached for comment. An attorney for Parmar -- who is expected to appear in Newark federal court Wednesday afternoon -- could not immediately be reached.

Paul Parmar's mansion: http://homesoftherich.net/2008/07/paul-parmars-new-jesrsey-mega-mansion/

letsdothis3 ago

Zakiya Khatou-Chevassus CV:

Donna Kara Company (2004-2005) - acted as gatekeeper and first point of contact for Karan;

Carte Blanche Intl (2009-2010);

Oando plc, London/LA (2010-2014) - Established the Adopt a School flagship project, positioning Oando as a leader in emerging market corporate social responsibility

BRIC and Media, London (2015)

Currently self-employed