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The Nexus
BUSINESSMay 26 · 12:00 UTCDOJ NEWS

Founder And Managing Director Of Investment Firm Sentenced For Fraud And Money Laundering

JOHN ARTHUR HANRATTY, founder and managing director of a municipal tax lien investment firm, was sentenced to 12 months and a day in prison for a $20 million fraud and money laundering scheme targeting an FDIC-insured bank. U.S. District Judge Lorna G. Schofield presided over the sentencing.

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