A University of Georgia graduate who ran an investment fraud scheme from his fraternity house while in school has pleaded guilty to securities fraud, the U.S. attorney for the Middle District of Georgia announced Friday. 

Syed Arham Arbab, 22, of Augusta, pleaded guilty Friday to a criminal information charging him with operating a Ponzi scheme that duped 117 people, including fellow students and their families, of about $1 million, U.S. attorney Charles Peeler said. 

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