by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Sept 3 – Just before Christmas in 2023 DOJ announced the arrest of JOHN ARTHUR HANRATTY for charges in connection with a fraudulent scheme to steal money from a Federal Deposit Insurance Corporation (“FDIC”)-insured bank through lines of credit totaling $20 million granted to HANRATTY’s municipal tax lien investment firm. HANRATTY was arrested this morning and is expected to be presented today before a U.S. Magistrate Judge in the District of Puerto Rico.
Hanratty was released on $2 million bond. A post indictment restraining order was imposed, against transferring any assets. He filed a motion to dismiss, and then the superseding indictment, which prosecutors wrote they "believe addresses the concerns raised in the defendant's motion to dismiss."
Jump cut to September 3, 2024, when Hanratty - not in detention - came in to plead not guilty to a superseding indictment before U.S. District Court for the Southern District of New York Magistrate Judge Valerie Figueredo. Inner City Press was there, the only media in the SDNY Mag court.
With retained counsel, Hanratty pleaded not guilty. The next date is October 15 before the assigned District Judge, Lorna G. Schofield.
The case is US v. Hanratty, 24-cr-153 (Schofield / Figueredo)
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