Dr. Jai N. Gupta leads as chief executive of five divisions at L-3 Communications, which acquired his former company, EER Systems. As the former president and founder of EER Systems, Inc., Dr. Jai N. Gupta grew the company to bring in more than $150 million in annual revenue. He also led the company through a difficult case after it became the victim of a Nigerian scam.
EER Systems was one of the first victims of the now infamous Nigerian scams. What was different about EER Systems’ case is that it was one of the few in which the perpetrators were extradited to the United States to stand trial. The transgressors were sentenced to prison and obligated to compensate Dr. Gupta and EER Systems. After they failed to pay, they saw their sentences extended.
Following this case, EER Systems, Dr. Gupta, and one of the company’s vice presidents faced an indictment by the U.S. Department of Justice in a case related to time card fraud. However, both executives were dropped from the case, and the matter was settled out of court.