I too like it when people link to things to back up a statement. But the way he described the phenomenon made it seem pretty common, and indeed, a quick search

I too like it when people link to things to back up a statement. But the way he described the phenomenon made it seem pretty common, and indeed, a quick search for "patel cfo scam hotels" turns up a number of relevant results... Seems like it's a pretty well known, frequently occurring event in the hotel industry.