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March 7, 2018

$179M fraud draws 25-year sentence

CHICAGO (AP) — A Florida businessman who tried to flee to South America after pleading guilty to a $179 million fraud scheme has been sentenced to 25 years in prison.

At his sentencing Tuesday in Chicago, U.S. District Judge Charles Kocoras called Nikesh Patel a “diabolical genius” for the scale and brazenness of his fraud.

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