Extra Credit: The Rise and Fall of a Frat House Ponzi Scheme
Chameleon
Audiochuck | Campside Media
4.5 • 8.8K Ratings
🗓️ 12 March 2026
⏱️ 36 minutes
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| 0:00.0 | Campsite Media. |
| 0:05.1 | Hello? |
| 0:06.2 | What is, so, what do you want me to say? |
| 0:08.6 | Oh, it's just my. |
| 0:10.4 | Camelian. |
| 0:11.3 | Camelian Weekly. |
| 0:12.8 | Oh. |
| 0:14.5 | A while back, the Atlanta-based journalist Ashley Fonce was invited to speak at the University of Georgia's |
| 0:21.1 | Journalism School about her 25 years of investigative reporting. After the talk, some students |
| 0:27.5 | came up with questions, as they sometimes do at the end of lectures they actually find |
| 0:31.6 | interesting. One of them had a tip for Ashley. There was a kid who told me that there was a frat guy who had run a multimillion-dollar Ponzi |
| 0:42.8 | scheme out of his frat house. And I thought, wow, that sounds pretty crazy. |
| 0:49.6 | Ashley made a mental note of it, and later, when she had some time, did some poking around to see if this frat guy Ponzi scheme had been covered. |
| 0:57.9 | There had been some scant media coverage of it, but I really wanted to dive in deep, and I honestly thought there is no way in hell that I'm going to be able to reach this guy. |
| 1:09.1 | The guy in question was named Syed Arbob. |
| 1:12.8 | And by this point, he had been charged, convicted, and already served his term for the |
| 1:18.1 | crime of taking more than $1 million from 117 victims in a scheme where he claimed to be |
| 1:24.4 | investing their money in a hedge fund. |
| 1:26.8 | But he was actually spending it on his own relatively lavish lifestyle. |
| 1:32.4 | He's fresh by that point out of federal prison, |
| 1:36.3 | and there's no way he's going to talk to a reporter. |
| 1:40.3 | On that point, Ashley was wrong. |
... |
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