Overview

• Kishan Rajeshkumar Patel pleaded guilty on March 18 and received a 63-month federal prison sentence on June 18 in Austin for conspiracy to commit money laundering.
• Court documents show Patel and co-conspirators used online phishing and impersonated U.S. government officials to extort cash and gold from at least 25 senior victims.
• Investigators determined the scheme aimed to steal at least $2,694,156, and Patel was arrested in August 2024 while collecting $130,000 from a targeted victim.
• Co-defendant Dhruv Rajeshbhai Mangukiya pleaded guilty on June 16 and is awaiting his sentencing hearing.
• In a related case, Moinuddin Mohammed was sentenced earlier this year to eight years in prison for a similar scam and the FBI continues its investigation.