This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties.  Members and Law enforcement use only. Contact us for any permissions.  To do otherwise will result in the loss of membership.

Complete Story


Tuscaloosa man charged with securities fraud in $400k investment scheme

ABC 3340

A Tuscaloosa man was arrested and charged with multiple state securities law violations.

According to the Alabama Securities Commission (ASC), 23-year-old Pathyam Patel, also known as Pat Patel, was arrested March 6 on on nine charges.

The charges include: one count of 'Fraud in the Sale of Securities' and six counts of 'False Statements in the Sale of Securities.' All counts are Class B felonies with punishment ranging from two-20 years of incarceration and a fine up to $30,000 for each felony.


Printer-Friendly Version



The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information


Your electronic library to help in fighting financial fraud for all of our partners.

more information