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Fraud Friday — Nik Patel’s 25-Year Fraud Sentence Upheld

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April 19, 2019

By Bob Coleman
Editor, Fraud Friday

Fraud Friday — Nik Patel’s 25-Year Fraud Sentence Upheld

The 7th U.S. Circuit Court of Appeals has rejected a bid to reduce the 25-year sentence of the founder of a failed Orlando non-bank lender for his role in defrauding a Milwaukee investment firm of $179 million by selling it fake loans.

In a decision on Tuesday, a unanimous three-judge panel said the sentence for defendant Nikesh Patel was not unreasonable, even though his co-schemer in the fraud, Timothy Fisher, will serve just 10 years.

Check out our previous reporting here.

Fraud Friday — Nik Patel’s Partner Gets 10 Years in Jail, 5/4/18

Fraud Friday — How Not to Get Ripped Off in a Patel-Like Fraud, 3/30/18

Fraud Friday — Nik Patel Conned Secondary Market out of Another $10 Million in January, AFTER Jailed! — Sentenced to 25 Years, 3/09/18

Fraud Friday — Nik Patel’s Business Partner, Timothy Fisher Sentencing Hearing Moved to March, Remains Free on Bail, 2/02/18

Fraud Friday — Nik Patel Claims Access to $35 Million in “Dirty” Money, Family Flees to Ecuador Day after his Arrest, Nik Planned to Buy Rare Diamonds, 1/26/18

Fraud Friday — Fraud Friday — Nik Patel Paid $40,000 for Private Jet Charter to Ecuador, Claimed he Received Political Asylum, 1/19/18

Fraud Friday — Whatever Happened to Nik Patel’s COO & Movie Partner?, 1/12/18

Special Fraud Friday Tuesday Edition — Nik Patel Arrested Fleeing US in Chartered Jet, 1/09/18

Fraud Friday — Nik Patel Pleads Guilty to $179 Million USDA B&I Loan Fraud, 12/16/17

Fraud Friday — Nik Patel Indicted on 5 Counts of Fraud, 12/11/15

Fraud Friday — Nik Patel’s Partner Sued for $4.5 Million from USDA B&I Loan Fraud, 10/23/15

Fraud Friday — Five Nik Patel hotel properties are being sold by auction.com in July, 5/15/15

Fraud Friday — First Farmers’ Nik Patel’s Assets Frozen, 10/10/14

Fraud Friday — Feds Claim $179 Million Usda-b&i Loan Fraud — Arrest First Farmer Financials’ Nik Patel, 10/3/14

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