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Nik Patel allegedly started new $19M fraud last year while on bond
Patel was originally arrested in September 2014 and had pleaded guilty in December 2016.
Indian American hotelier Nik Patel of Orlando, Florida, has been allegedly accused of engaging in a new multimillion-dollar loan fraud while he was on bonded release last year, according to the Orlando Sentinel.
According to the Orlando Sentinel, federal prosecutors filed new documents on Saturday, March 3, while Patel sentencing hearing was scheduled for Tuesday morning in Chicago before U.S. District Judge Charles P. Kocoras.