Gujarat man charged in ₹3-crore Ponzi scam in US, arrested

A 23-year-old man from Gandhinagar, Gujarat has been charged with running a Ponzi scam worth $400,000 (over ₹3 crore) in US. Pathyam Patel, also known as 'Pat Patel', allegedly sold securities without registration and collected money after promising significant returns, which he later spent on personal expenses. He was arrested earlier in March.