| Man on Trial for Defrauding
Emigrant Bank Was Convicted Now
Asks for 6 Month Sentence
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
Dec 22 – The founder of a
municipal tax lien investment
firm charged with defrauding
Emigrant Bank of $20 million
faces trial on July 21 before
U.S. District Court for the
Southern District of New York
Judge Lorna G. Schofield - and
a jury. On
July 7 he has his final
pre-trial conference. Inner
City Press covered it.
Judge Schofield explained that
she aims for five hours of
testimony per trial day.
The
prosecutors have filed their
exhibit list, including
documents from Emigrant
Business Credit Corporation v.
Ebury Street Capital as well
has signature cards and wire
transfer information.
On July 10
Hanratty filed his exhibit
list including DX 568 "FW:
[SPAM] Thank you Notes" which
he says are not offered for
the truth of the matter
asserted, but rather for
impeachment or to refresh
recollection.
On July 16, a
pre-trial ruling: "Defendant
seeks leave to discuss during
opening statements and/or the
Governments case in chief all
of the BBCs that Ebury
submitted to EBCC in order to
obtain credit line advances.
The application is GRANTED.
The entirety of the BBCs
submitted comprise the
statements made by Defendant
to EBCC, and are relevant to
the issues of materiality and
scienter. Defendant also seeks
the Court's view of which BBCs
are admissible. Per Dkt. 131,
the Government's objection to
DX 2000-2039 based on Rule 401
(relevance), is overruled
(Signed by Judge Lorna G.
Schofield on 7/16/2025)."
On July 18 Judge
Schofield approved the
defense's request, over the
prosecutors' opposition, to
have their expert witness Jack
Grady testify out of turn on
July 24 "unless the parties
otherwise agree to the
admission of the exhibits in
question."
On July 22 the US
Attorney's Office wrote in
again opposing Grady out of
turn, noting that he is on
domestic vacation four hours
drive from 40 Foley Square.
On July 25
Hanratty's lawyer wrote in
asking for permission for
remote testimony by Dnnisse
Mendez Baez, saying the US
interviewed her but now
opposes.
On August 4,
"JURY VERDICT as to John
Arthur Hanratty (1) Guilty on
Count 1s, 2s,3s and 4s" then
"as to John Arthur Hanratty:
Sentencing set for 1/20/2026
at 11:00 AM"
On December 22,
Hanratty's Wall Street-based
counsel wrote in asking for a
six month sentence.
The case is
USA v. Hanratty, 1:24-cr-153
(Schofield)
***
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