Dileep Kumar Reddy Kamujula was sentenced to six months behind bars and ordered to forfeit $130,369, according to a statement from the U.S. Attorney's Office for Northern California.

The federal Indictment alleges that the CEO of San Jose firm submitted fraudulent H-1B visa applications and laundered $1 million In fraud proceeds.

 Mounir Gad, 34, of San Jose, was charged with a friend, Nathan Guido, 38, also of San Jose, in separate criminal and civil cases involving insider trading, and agreed to pay SEC fines.

The joint enforcement actions by the Securities and Exchange Commission and the Justice Department involved a high school biology teacher, a gambling debt, a group of friends, WhatsApp messages and two Silicon Valley tech companies.