| Man Charged With Tax Lien
Bank Fraud Moved to Dismiss Asks
to Stay Trial US Opposes
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
March 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 was October 15 before the
assigned District Judge, Lorna
G. Schofield.
On February 25,
2025 defense counsel wrote to
Judge Schofield seeking to
stay the April 21 trial
pending interlocutory appeal
of the post-indictment
restraining order.
On March 3 the US
Attorney's Office wrote in to
oppose any stay and asked for
the trial to being in April.
The case is USA
v. Hanratty, 1:24-cr-153
(Schofield)
***
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