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$20M Scheme: Former Rye Resident Steals Funds From Bank For Investment Firm, Feds Say $20M Scheme: Former Rye Resident Steals Funds From Bank For Investment Firm, Feds Say
$20M Scheme: Former Rye Resident Steals Funds From Bank For Investment Firm, Feds Say A former Westchester resident faces charges after allegedly stealing funds from a bank through lines of credit totaling $20 million for the multi-million-dollar municipal tax lien investment firm that he founded, federal officials announced.  John Arthur Hanratty, a 49-year-old New York-licensed attorney who lived in Rye until 2019 before moving to San Juan, Puerto Rico, was arrested on fraud charges in connection with a scheme to steal money from a bank for his investment firm, the US Attorney's Office for the Southern District of New York said. According to federal officials,&nb…

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by Ben Crnic