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Ashton Ryan, former President and CEO of First NBC Bank, indicted

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Ashton Ryan, former President and CEO of First NBC Bank, indicted


A major indictment in the First NBC Bank fraud case.Former president and CEO Ashton Ryan has been indicted by the federal government.The charges are conspiracy to commit bank fraud and bank fraud.The bank collapsed in 2017 and since then Ryan has been the target of a federal probe.The indictment includes 46 counts.Here’s the press release from the U.S. Attorney’s Office in New Orleans:The United States Attorney’s Office announced that a grand jury indicted ASHTON J. RYAN, age 72, of Kenner; WILLIAM BURNELL, age 70, of Kenner; ROBERT BRAD CALLOWAY, age 60, of Metairie; and FRANK J. ADOLPH, age 60, of Kenner, for defrauding First NBC Bank, the New Orleans-based bank that failed in April 2017. According to the 46-count Indictment, from 2006 through April 2017, RYAN, BURNELL, CALLOWAY, and ADOLPH conspired to defraud First NBC Bank (the “Bank”) through a variety of schemes. RYAN was the President and CEO of the Bank for most of its existence. BURNELL was the Chief Credit Officer. CALLOWAY was an Executive Vice President. ADOLPH was a borrower at the Bank who was charged with conspiring with the three Bank executives to obtain loans based on false statements and forged documents. The Indictment alleges that RYAN, BURNELL, CALLOWAY, ADOLPH, and others conspired to defraud First NBC Bank by disguising the true financial status of certain borrowers and their troubled loans, concealing the true financial condition of the Bank from the Board, auditors, and examiners. The borrowers included real estate developer Gary Gibbs, real estate developer Kenneth Charity, Bank general counsel Gregory St. Angelo, factoring business owner FRANKADOLPH, hotel owner Arvind “Mike” Vira, contractor Warren Treme, and contractor Jeffrey Dunlap. CALLOWAY was Gibbs’s loan officer, and RYAN served as the loan officer or oversaw the loan officers for all of those borrowers. BURNELL approved the risk rating for all of these borrowers’ loans and was the gatekeeper tasked with protecting the safety and soundness of the Bank’s loan portfolio. Dunlap, Charity, and St. Angelo have previously been charged in individual Bills of Information with conspiracy to commit bank fraud, and all three have pled guilty. Vira, Gibbs, and Treme have been charged more recently, in their own individual Bills of Information, with conspiring to defraud First NBC Bank. All six of these borrowers are listed in the Indictment as members of the bank fraud conspiracy with RYAN, BURNELL, CALLOWAY, and ADOLPH. During the course of the conspiracy, RYAN, BURNELL, and CALLOWAY repeatedly extended loans to borrowers who were unable to pay their loans without relying on loan payments to keep them current. To hide this practice, RYAN, BURNELL, and CALLOWAY made false statements in loan documents and elsewhere about the purposes of loans, the borrowers’ abilities to repay those loans, and the sources of funds used to pay those loans. When the borrowers were unable to pay those loans, RYAN, BURNELL, and CALLOWAY made new loans to these same borrowers and then used the proceeds from those new loans to pay the existing loans. This created the false impression that the borrowers were able to pay their loans, when in fact they would not have been able to pay their loans without going further into debt through new borrowing from the Bank. The new loans prevented these borrowers from appearing on lists that RYANand BURNELL gave the Bank’s Board each month, which would have highlighted that the borrowers were unable to make loan payments or had cash flow problems. RYAN, BURNELL, and CALLOWAY also made false statements about the purpose of those loans, misrepresenting in Bank documents that the borrowers were able to pay loans with cash generated from the borrowers’ businesses, when in fact the borrowers were only able to pay those loans with proceeds from new Bank loans. The borrowers often spent the proceeds of these business loans on unrelated personal expenses, including by overdrawing their checking accounts at the Bank, and RYAN, BURNELL, and CALLOWAY paid these overdrafts by issuing new loans to the borrowers. This practice kept the borrowers off of month-end overdraft reports to the Board and hid the borrowers’ inability to pay their own expenses without new loan proceeds. For certain loans, RYAN, BURNELL, and CALLOWAY included borrower documents in loan files despite knowing that the documents were false. For example, even after RYAN and BURNELL learned that ADOLPH was submitting falsified documents to the Bank to inflate his collateral, RYAN and BURNELL continued to submit loans for ADOLPH that included the false documents. Similarly, even though RYAN, BURNELL, and CALLOWAY knew that Gibbs could not pay his loans with cash generated from his businesses, they continued to submit loan documents that included false documents showing that Gibbs’s business earned enough cash to pay his loans at the Bank. When members of the Board or the Bank’s outside auditors or examiners asked about loans to these borrowers, RYAN, BURNELL, and CALLOWAY made false statements about the borrowers and their loans, and left out the truth about the borrowers’ inability to pay their debts without getting new loans. As a result, the balance on these borrowers’ loans continued to grow. By the time regulators closed First NBC Bank in April of 2017, Gibbs owed the Bank $123 million; Charity owed $18 million; St. Angelo owed $46 million; ADOLPH owed $6 million; Vira owed $39 million; Treme owed $6 million; and Dunlap owed $22 million. The Bank’s failure cost the Federal Deposit Insurance Corporation deposit insurance fund just under $1 billion. RYAN, BURNELL, and CALLOWAY each received millions of dollars in compensation from the Bank during the course of the conspiracy. RYAN also received personal benefits from three of the borrower relationships. Vira lent millions of dollars to RYAN at the same time Vira was a borrower at the Bank, and RYAN and Vira conspired to hide their business dealings from the Board, auditors, and examiners. Treme was RYAN’s partner in several businesses and real estate development projects, and RYAN used Treme’s borrowing from the Bank as a way to spend Bank loan proceeds on RYAN’s own projects. Even when parts of RYAN’s business dealings with Vira and Treme were revealed to regulators, RYAN continued to conceal from regulators that he exercised authority over loans to Vira and Treme. Dunlap was a contractor for a business that RYAN and Treme ran, and RYAN used loan proceeds from Dunlap’s business to benefit his own development project, Wadsworth Estates. RYAN never disclosed his business relationship with Dunlap to the Board, auditors, or examiners. BURNELL was aware of this business relationship and also never disclosed it to the Board, auditors, or examiners.“Along with our partners, the FBI has dedicated significant time and resources toward investigating the failure of First NBC Bank, which resulted in nearly a billion dollar loss to the FDIC,” stated FBI New Orleans Special Agent in Charge Bryan Vorndran. “This should be a deterrent for others interested in participating in fraudulent schemes that affect our financial system.”“Today’s indictment sends a clear message that bank executives who engage in fraud that impacts the safety and soundness of financial institutions will be held accountable for their actions,” said Stephen Donnelly, Acting Special Agent in Charge, Eastern Region, Office of Inspector General for the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.“This indictment is the product of a complex investigation involving multiple agencies over a long period,” said Laurie Younger, Special Agent in Charge, Dallas Region, Office of Inspector General for the Federal Deposit Insurance Corporation. “It sends an important message to those who would attempt to unlawfully manipulate the nation’s banking system.”RYAN, BURNELL, CALLOWAY, and ADOLPH are each charged in Count 1 of the Indictment with conspiracy to commit bank fraud, in violation of Title 18, United States Code, Sections 1344 and 1349. RYAN, BURNELL, CALLOWAY, and ADOLPH are also charged with multiple instances of bank fraud, as listed in Counts 2 through 37, in violation of Title 18, United States Code, Section 1344. RYAN, BURNELL, and CALLOWAYare charged with making false entries in bank records, in violation of Title 18, United States Code, Section 1005, as listed in Counts 38 through 46. For each of the charged counts, the maximum penalties that may be imposed upon conviction are thirty years in prison; a fine of $1,000,000, or the greater of twice the gain to a defendant or twice the loss to any victim; up to five years of supervised release; and a $100 mandatory special assessment.The United States Attorney’s Office stated that an Indictment is merely an accusation and that the guilt of the defendants must be proven beyond a reasonable doubt.This case is being investigated by the Federal Bureau of Investigation; the Federal Deposit Insurance Corporation, Office of Inspector General; and the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Office of Inspector General. Assistant U.S. Attorneys Sharan E. Lieberman, Matthew R. Payne, Nicholas D. Moses, and J. Ryan McLaren are in charge of the prosecution.

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A major indictment in the First NBC Bank fraud case.

Former president and CEO Ashton Ryan has been indicted by the federal government.

The charges are conspiracy to commit bank fraud and bank fraud.

The bank collapsed in 2017 and since then Ryan has been the target of a federal probe.

The indictment includes 46 counts.

Here’s the press release from the U.S. Attorney’s Office in New Orleans:

The United States Attorney’s Office announced that a grand jury indicted ASHTON J. RYAN, age 72, of Kenner; WILLIAM BURNELL, age 70, of Kenner; ROBERT BRAD CALLOWAY, age 60, of Metairie; and FRANK J. ADOLPH, age 60, of Kenner, for defrauding First NBC Bank, the New Orleans-based bank that failed in April 2017.

According to the 46-count Indictment, from 2006 through April 2017, RYAN, BURNELL, CALLOWAY, and ADOLPH conspired to defraud First NBC Bank (the “Bank”) through a variety of schemes. RYAN was the President and CEO of the Bank for most of its existence. BURNELL was the Chief Credit Officer. CALLOWAY was an Executive Vice President. ADOLPH was a borrower at the Bank who was charged with conspiring with the three Bank executives to obtain loans based on false statements and forged documents.

The Indictment alleges that RYAN, BURNELL, CALLOWAY, ADOLPH, and others conspired to defraud First NBC Bank by disguising the true financial status of certain borrowers and their troubled loans, concealing the true financial condition of the Bank from the Board, auditors, and examiners. The borrowers included real estate developer Gary Gibbs, real estate developer Kenneth Charity, Bank general counsel Gregory St. Angelo, factoring business owner FRANKADOLPH, hotel owner Arvind “Mike” Vira, contractor Warren Treme, and contractor Jeffrey Dunlap. CALLOWAY was Gibbs’s loan officer, and RYAN served as the loan officer or oversaw the loan officers for all of those borrowers. BURNELL approved the risk rating for all of these borrowers’ loans and was the gatekeeper tasked with protecting the safety and soundness of the Bank’s loan portfolio. Dunlap, Charity, and St. Angelo have previously been charged in individual Bills of Information with conspiracy to commit bank fraud, and all three have pled guilty. Vira, Gibbs, and Treme have been charged more recently, in their own individual Bills of Information, with conspiring to defraud First NBC Bank. All six of these borrowers are listed in the Indictment as members of the bank fraud conspiracy with RYAN, BURNELL, CALLOWAY, and ADOLPH.

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During the course of the conspiracy, RYAN, BURNELL, and CALLOWAY repeatedly extended loans to borrowers who were unable to pay their loans without relying on loan payments to keep them current. To hide this practice, RYAN, BURNELL, and CALLOWAY made false statements in loan documents and elsewhere about the purposes of loans, the borrowers’ abilities to repay those loans, and the sources of funds used to pay those loans. When the borrowers were unable to pay those loans, RYAN, BURNELL, and CALLOWAY made new loans to these same borrowers and then used the proceeds from those new loans to pay the existing loans. This created the false impression that the borrowers were able to pay their loans, when in fact they would not have been able to pay their loans without going further into debt through new borrowing from the Bank. The new loans prevented these borrowers from appearing on lists that RYANand BURNELL gave the Bank’s Board each month, which would have highlighted that the borrowers were unable to make loan payments or had cash flow problems. RYAN, BURNELL, and CALLOWAY also made false statements about the purpose of those loans, misrepresenting in Bank documents that the borrowers were able to pay loans with cash generated from the borrowers’ businesses, when in fact the borrowers were only able to pay those loans with proceeds from new Bank loans. The borrowers often spent the proceeds of these business loans on unrelated personal expenses, including by overdrawing their checking accounts at the Bank, and RYAN, BURNELL, and CALLOWAY paid these overdrafts by issuing new loans to the borrowers. This practice kept the borrowers off of month-end overdraft reports to the Board and hid the borrowers’ inability to pay their own expenses without new loan proceeds.

For certain loans, RYAN, BURNELL, and CALLOWAY included borrower documents in loan files despite knowing that the documents were false. For example, even after RYAN and BURNELL learned that ADOLPH was submitting falsified documents to the Bank to inflate his collateral, RYAN and BURNELL continued to submit loans for ADOLPH that included the false documents. Similarly, even though RYAN, BURNELL, and CALLOWAY knew that Gibbs could not pay his loans with cash generated from his businesses, they continued to submit loan documents that included false documents showing that Gibbs’s business earned enough cash to pay his loans at the Bank.

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When members of the Board or the Bank’s outside auditors or examiners asked about loans to these borrowers, RYAN, BURNELL, and CALLOWAY made false statements about the borrowers and their loans, and left out the truth about the borrowers’ inability to pay their debts without getting new loans. As a result, the balance on these borrowers’ loans continued to grow. By the time regulators closed First NBC Bank in April of 2017, Gibbs owed the Bank $123 million; Charity owed $18 million; St. Angelo owed $46 million; ADOLPH owed $6 million; Vira owed $39 million; Treme owed $6 million; and Dunlap owed $22 million. The Bank’s failure cost the Federal Deposit Insurance Corporation deposit insurance fund just under $1 billion.

RYAN, BURNELL, and CALLOWAY each received millions of dollars in compensation from the Bank during the course of the conspiracy. RYAN also received personal benefits from three of the borrower relationships. Vira lent millions of dollars to RYAN at the same time Vira was a borrower at the Bank, and RYAN and Vira conspired to hide their business dealings from the Board, auditors, and examiners. Treme was RYAN’s partner in several businesses and real estate development projects, and RYAN used Treme’s borrowing from the Bank as a way to spend Bank loan proceeds on RYAN’s own projects. Even when parts of RYAN’s business dealings with Vira and Treme were revealed to regulators, RYAN continued to conceal from regulators that he exercised authority over loans to Vira and Treme. Dunlap was a contractor for a business that RYAN and Treme ran, and RYAN used loan proceeds from Dunlap’s business to benefit his own development project, Wadsworth Estates. RYAN never disclosed his business relationship with Dunlap to the Board, auditors, or examiners. BURNELL was aware of this business relationship and also never disclosed it to the Board, auditors, or examiners.

“Along with our partners, the FBI has dedicated significant time and resources toward investigating the failure of First NBC Bank, which resulted in nearly a billion dollar loss to the FDIC,” stated FBI New Orleans Special Agent in Charge Bryan Vorndran. “This should be a deterrent for others interested in participating in fraudulent schemes that affect our financial system.”

“Today’s indictment sends a clear message that bank executives who engage in fraud that impacts the safety and soundness of financial institutions will be held accountable for their actions,” said Stephen Donnelly, Acting Special Agent in Charge, Eastern Region, Office of Inspector General for the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.

“This indictment is the product of a complex investigation involving multiple agencies over a long period,” said Laurie Younger, Special Agent in Charge, Dallas Region, Office of Inspector General for the Federal Deposit Insurance Corporation. “It sends an important message to those who would attempt to unlawfully manipulate the nation’s banking system.”

RYAN, BURNELL, CALLOWAY, and ADOLPH are each charged in Count 1 of the Indictment with conspiracy to commit bank fraud, in violation of Title 18, United States Code, Sections 1344 and 1349. RYAN, BURNELL, CALLOWAY, and ADOLPH are also charged with multiple instances of bank fraud, as listed in Counts 2 through 37, in violation of Title 18, United States Code, Section 1344. RYAN, BURNELL, and CALLOWAYare charged with making false entries in bank records, in violation of Title 18, United States Code, Section 1005, as listed in Counts 38 through 46. For each of the charged counts, the maximum penalties that may be imposed upon conviction are thirty years in prison; a fine of $1,000,000, or the greater of twice the gain to a defendant or twice the loss to any victim; up to five years of supervised release; and a $100 mandatory special assessment.

The United States Attorney’s Office stated that an Indictment is merely an accusation and that the guilt of the defendants must be proven beyond a reasonable doubt.

This case is being investigated by the Federal Bureau of Investigation; the Federal Deposit Insurance Corporation, Office of Inspector General; and the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Office of Inspector General. Assistant U.S. Attorneys Sharan E. Lieberman, Matthew R. Payne, Nicholas D. Moses, and J. Ryan McLaren are in charge of the prosecution.

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September, Holiday Month for the Deaf – Portuguese (Brazil)

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Mutirão Opens To Negotiation Of Individuals' Overdue Debts - Português (Brazil)

September is a very important and visible month for deaf people, with three dates that raise awareness and celebrate achievements that are part of the entire community’s trajectory and struggle. These are: – International Sign Language Day, September 23; – Day of the Deaf, 26 September; and Libra National Interpreter and Translator Day on September 30th. With a focus on the deaf community, the Department of Education is promoting several initiatives in this area.

The first is aimed at changing the scenario of educational and language policy based only on the inclusive perspective of including a deaf student in the school environment without guaranteeing procedures that enhance accessibility in his education. The National Guidelines for Bilingual Education for the Deaf integrate all stages of basic education and are based on the promotion of bilingual curricula and pedagogical practices for the deaf: Brazilian Sign Language (Libras) and written Portuguese.

Through the Department of Special Education, the MEC coordinates with interested municipalities the construction, renovation or expansion of bilingual schools for the deaf. To date, 11 locations in Brazil have shown interest in the project. To complement this phase, the Libras National Textbook Program (PNLD) provides accessible formats to deaf students and public school teachers of basic education in the country.

In the academic world, in partnership with universities, advanced training courses are offered for teachers, managers and professionals who want to work with bilingual education for the deaf. Thanks to the projects of various institutions, there are currently 3,520 vacancies for teaching the deaf.

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On the Internet, Canal Libras is a space for communication and content distribution with a focus on the national educational network, from early childhood education to higher education.

INES

Another important date: The National Institute for Education for the Deaf (Ines) turns 165 on the same Libra and the Deaf Day, September 26th. Within the structure of the Ministry of Education, the Institute stands out as a national reference in the field of deafness, necessary to support the formulation of public policies, and then for their implementation in the field. The Institute works to promote education for deaf children, youth and adults.

With information from Ministry of Education.

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Mother of autistic boy attacked by CR7 criticizes Portuguese again

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Mother of autistic boy attacked by CR7 criticizes Portuguese again

The case of Cristiano Ronaldo’s aggression against an autistic fan continues to be heard in England. Sarah Kelly, mother of Jake Harding, has asked the English Football Federation to punish the Portuguese star.

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Sarah’s complaint comes after the league filed a complaint against a Manchester United player for aggression against Jake in the Manchester team’s match against Everton on April 9 last season in the Premier League. After an unsuccessful result, the Portuguese dropped a fan’s mobile phone on the way to the locker room.

According to Sarah, she and her son once again became victims of offenses in social networks after the announcement of the complaint against the attacker.

“People are following me, saying that I am rebelling again, but I didn’t know anything about it. The case should have been heard six months ago. My son talks every day about what happened to him. He still hasn’t returned his phone,” he said.

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Jake’s mother still asks how the player manages to sleep at night after what happened. “Let’s hope he finally gets the right punishment. He can’t keep getting away with it. Your behavior is unacceptable…” Sarah concluded.

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Marseille in California. ″Where the Portuguese is, there is Portugal″

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Marseille in California.  ″Where the Portuguese is, there is Portugal″

“You are the future,” President Marcelo Rebelo de Souza told a three-year-old girl dressed in traditional Portuguese clothing who came out to greet him on the podium where he spoke at Artesia Portuguese Salon. The city, located on the outskirts of Los Angeles, has not hosted the President of the Portuguese Republic since 1989. This weekend, he did it with pomp and the setting of an ornate Portuguese-American community bursting with pride.

“We have never lost the honor and responsibility of being representatives of this beautiful flag,” said Jimmy Enes, a member of Artesia DES, a Portuguese descendant, in a welcoming speech delivered in perfect Portuguese. “When we are asked who we are, we always answer”i am portuguese“and not”Portuguese-American“or ‘Portuguese American’,” he said. “That’s why we’re trying step by step to protect our heritage on the outskirts of Los Angeles, one of the greatest cities in the world.”

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