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. 

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]