Alleged New York Securities Fraud Takes $4.8 Million
Matthew John Ryan, of Troy, New York, has been sentenced to ten years in
prison for his part in an alleged securities fraud case. Ryan was the
owner and founder of Prime Rate and Return, LLC, and American Integrity
Federal prosecutors alleged that Ryan sold investor contracts, but neither of his financial companies were licensed with the Securities & Exchange Commission to do so. According to officials, Ryan offered returns of 3.85 % to 9.35 % on fixed-term contracts through his companies during the period of 2002 to 2010 when Ryan was active with the companies. Unfortunately, it is alleged that Ryan instead used at least $4.8 million of investors' cash to fund his own lifestyle, dabble in real estate, and pay off prior investors to keep up the appearance of legitimacy.
The New York securities fraud lawyers with Meyer Wilson represent investors nationwide in stockbroker mediation, arbitration, and litigation. We are skilled FINRA lawyers and have recovered million of dollars in losses for our clients.
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