Rye investment firm founder charged in $20 million fraud scheme
Hanratty is accused of orchestrating a plan to unlawfully obtain funds from an FDIC-insured bank through lines of credit for his municipal tax lien investment firm, Ebury Street Capital.
•
Dec 28, 2023, 11:52 AM
•
Updated 211 days ago
Share:
More Stories
0:37
2 people charged in Middletown narcotics; firearms bust
7h ago0:32
NYC officials: Westchester caseworker’s death ruled a homicide
12h ago0:54
Headlines: Drug ring prison sentence, Newburgh felony charge, uptick in car thefts in Briarcliff Manor
18h ago0:20
Man sentence to 10 years in prison for running Orange County drug ring
yesterday0:34
Finger in salad lawsuit against Chop’t discontinued
yesterday1:45
Fugitive accused of defrauding Yonkers' immigrant community extradited from Washington state
yesterday0:37
2 people charged in Middletown narcotics; firearms bust
7h ago0:32
NYC officials: Westchester caseworker’s death ruled a homicide
12h ago0:54
Headlines: Drug ring prison sentence, Newburgh felony charge, uptick in car thefts in Briarcliff Manor
18h ago0:20
Man sentence to 10 years in prison for running Orange County drug ring
yesterday0:34
Finger in salad lawsuit against Chop’t discontinued
yesterday1:45
Fugitive accused of defrauding Yonkers' immigrant community extradited from Washington state
yesterdayThe founder of a Rye-based investment firm, John Arthur Hanratty, faces charges related to an alleged $20 million fraud scheme.
Hanratty is accused of orchestrating a plan to unlawfully obtain funds from an FDIC-insured bank through lines of credit for his municipal tax lien investment firm, Ebury Street Capital.
Prosecutors claim that Hanratty made false statements on spreadsheets submitted to the bank, receiving significant sums of money and using part of it to settle with investors threatening legal action.
He faces charges of wire fraud affecting a financial institution and bank fraud, each carrying a maximum sentence of 30 years in prison.
