Aggarwal pleaded guilty to two conspiracy counts related to insurance fraud and making false statements to insurance regulators. The defendant was part of a larger scheme that also involved co-defendants Jasbir Thandi, Sandeep Sahota, and Jaspreet Padda. The government dismissed three other counts against Aggarwal as part of the plea agreement.
Judge Tigar imposed concurrent 18-month sentences on both conspiracy counts, finding that the defendant's conduct warranted significant punishment. The court also ordered two years of supervised release following imprisonment, with special conditions including no contact with co-defendants and restrictions on opening new lines of credit. 'The defendant must provide the probation officer with access to any financial information, including tax returns,' the judgment states.
The case was prosecuted in the Northern District of California, where Aggarwal initially faced multiple charges in the superseding indictment. The court waived fines but ordered a $200 special assessment, with restitution to be determined at a hearing scheduled for June 5, 2026. Judge Tigar recommended that Aggarwal serve his sentence at USP Atwater or the nearest facility to the San Francisco Bay Area.
Aggarwal must surrender to federal authorities by July 10, 2026. The deferred restitution determination suggests the government is still calculating victim losses from the insurance fraud scheme. The case highlights ongoing federal efforts to prosecute complex financial fraud schemes involving multiple defendants and regulatory violations.