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Case Highlights

The following are highlights of our work during the April 1, 2023–September 30, 2023, semiannual reporting period. Closed investigative reports are not made public and are subject to disclosure in accordance with applicable law. However, significant investigative results and other investigative statistics are reported in our semiannual report to Congress, as required by statute.

Former First NBC Bank President Sentenced to 14 Years in Prison and $214 Million Restitution
Convicted of all 46 counts against him, Ashton J. Ryan Jr., former president and chief executive officer (CEO) of First NBC Bank, was sentenced to 170 months in prison, 3 years of supervised released, and $214 million in restitution. Ryan was at the center of a long-running fraud scheme that caused the $5 billion New Orleans bank to fail.

CEO of MBE Capital Sentenced to Prison and Restitution for $823 Million Paycheck Protection Program Fraud
Rafael Martinez, CEO and primary owner of MBE Capital Partners, was sentenced in New York to 54 months in prison for an $823 million Paycheck Protection Program (PPP) loan and lender fraud scheme. He was also sentenced to 3 years of supervised release and ordered to pay over $71 million in restitution and forfeit about $45 million.

CEO of California Residential Reentry Home Convicted for $34 Million in PPP Fraud
Attila Colar, former CEO of All Hands on Deck, was convicted of 44 counts involving a $34 million PPP fraud scheme and other crimes. The counts—including conspiracy, bank fraud, wire fraud, aggravated identity theft, obstruction, and witness tampering—carry up to 30 years in prison and fines up to $1 million.

Two Loan Brokers and a Loan Officer Pleaded Guilty to Bank Fraud Conspiracy
Ted Capodilupo and Joseph Masci, operators of a loan brokerage business, pleaded guilty to conspiracy to commit bank fraud against a Massachusetts-based bank and the U.S. Small Business Administration (SBA). Brian Ferris, a loan officer at the bank, also pleaded guilty to conspiracy to commit bank fraud. The charges carry up to 30 years in prison plus fines, restitution, and forfeiture.


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