Fraud Friday — Nik Patel Loses his Hollywood Mogul Gig

December 26, 2014

By Bob Coleman
Editor, Coleman Report Afternoon Brief

boomNik’s Hollywood dream is over. Indicted on fraud charges three months ago in connection with an $180 million loan fraud for selling bogus USDA b&i loans, allegedly, Nik has been busily signing over his assets to Pennant Management — the buyer of the loan guarantees.

On December 17th, Nik’s Hollywood partner, Timothy Fisher, agreed to turn over to Pennant rights he owns in productions financed by Pennant proceeds.

The Orlando Sentinel’s Paul Brinkman reports Fisher and Patel met in California while working at the same bank. Pennant also claims Fisher is a key figure in the fraud.

Anyway, Pennant now owns a share of the following Hollywood productions:


Six young college hopefuls vacationing and partying in Eastern Europe get more than they bargained for when they unwillingly get caught up in a maniacal locals fiendish side business.

“The Walking Deceased”

When a police officer wakes up in a hospital to find out he is in the middle of a zombie apocalypse he will do anything to find his family, even sacrifice Twitter.

“Within the Dark”

Not long after John Chambers and his family arrive at their new home in a small country town of Pennsylvania, John begins to experience sleep paralysis. Lying there paralyzed, trapped within his own nightmare, other-worldly beings visit John. These encounters begin to haunt John, transforming to complete terror as he discovers the entities’ sole purpose… the abduction of his seven year old son.