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Convicted Scammer Admits to $20M Fraud During Pretrial Release

A Florida businessman has acknowledged committing loan fraud while on federal pretrial release, after being sentenced to 25 years in prison for a separate $179 million mortgage scam, according to the Department of Justice. So reports the Orlando Sentinel.

fraud 2695269 640smallThe DOJ said that Nikasha Patel, 38, of Orlando, entered a guilty plea to a 13-charge indictment over nearly $20 million in fraud.

He was convicted in 2018 over the previous mortgage fraud scheme, which ran from 2010 to 2014.

Read the full article from the Orlando Sentinel.

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