New Jersey Man Sentenced in Multi-Million Dollar Bank Fraud Conspiracy

From Daily Hodl

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Daily Hodl • June 30, 2026 at 07:20 • News
A New Jersey man is heading to federal prison for his role in a multi-million-dollar bank fraud conspiracy. Rajendra G. Parikh has been sentenced to two years in prison, convicted of fraudulently obtaining more than $35 million in SBA-guaranteed loans from financial institutions to purchase and flip hotels. The FDIC Office of Inspector General says […]
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