https://www.fraudswatch.com/financial-frud-nikesh-a-patel-pleaded-guilty-to-fraud-in-sham-loans-to-a-milwaukee-investment-company/
Chief Executive of Florida-Based Financial Firm Guilty of Fraud in $179 Million Sham Loan Scheme CHICAGO — The CEO of a Florida-based financial firm has pleaded guilty to fraud charges in connection with the sale of $179 million in sham loans to a Milwaukee investment company. NIKESH A. PATEL was the Chief Executive Officer of First Farmers Financial LLC when the company sold three fabricated loans totaling approximately $20 million to a Tennessee-based investment firm, and 26 fabricated loans to a Milwaukee investment firm for $179 million.
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