Pelham man called his firm a 'company of wealth and trust,' but it ended up a $2M Ponzi scheme'
Nov 06, 2026 at 07:57 am
PELHAM – A Pelham resident has been indicted on three counts of wire fraud.
According to the indictment, Kevin Patel, 40, founded a purported investment company called Royal Investments in 2018. He called Royal Investments “The Company of Wealth & Trust,” according to a release sent out Thursday from the U.S. Attorneys Office in Concord.
Patel solicited around $2 million in investments from friends and acquaintances by telling them he would invest their funds in the...
Sorry - Access to this content is only for subscribers.
You can purchase a Subscription in our store by clicking here.
