FOUNDER AND MANAGING DIRECTOR OF INVESTMENT FIRM SENTENCED FOR FRAUD AND MONEY LAUNDERING

WASHINGTON, May 26 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:

Sean S. Buckley,Attorney for the United States, ActingunderAuthority Conferred by 28 U.S.C. Section 515, announced today that JOHN ARTHUR HANRATTY, the founder and managing director of a multimillion-dollar municipal tax lien investment firm, was sentenced by U.S. District Judge Lorna G. Schofield to 12 months and a day in prison for his role in a fraudulent scheme to steal nearly $20 million from a Federal Deposit Insurance Corporation ("FDIC")-insured bank. In August 2025, HANRATTY was convicted following a jury trial of wire fraud, bank fraud, and money laundering.

"John Arthur Hanratty scammed...