$50.4 million in taxpayer money could be lost after suburban mayors learned this week that a far-reaching scam hit an Oak Brook-based government investment firm.  It all started with Nikesh A. Patel, CEO of Florida-based First Farmers Financial LLC, who was arrested more than a month ago. He was accused of selling $176 million in fake loans.

http://www.dailyherald.com/article/20141108/news/141108538/