NY Broker Gets 10 Years For $5.8M Ponzi Scheme

Law360, New York (October 13, 2011, 12:24 PM EDT) -- The founder of Prime Rate and Return LLC and American Integrity Financial Co. was sentenced to 10 years in prison Wednesday in New York for running a Ponzi scheme for nearly eight years and bilking investors out of $5.8 million.

Matthew John Ryan pled guilty in February 2010 to the scheme, in which he convinced more than 60 investors to pump money into securities by promising guaranteed fixed rates of return. The rates ranged from 3.85 percent to 9.35 percent, depending on the investor.

Prosecutors sought...
To view the full article, register now.



Case Information

Case Title

USA v. Ryan

Case Number



New York Northern

Nature of Suit

Date Filed

June 18, 2010

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.