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First NBC Bank Fraud Trial Wrapping Up - Predictions? RYAN GUILTY ON ALL, BEEBE NOT GUILTY
Posted on 2/8/23 at 12:06 pm
Posted on 2/8/23 at 12:06 pm
LINK
Will Ashton Ryan be convicted?
The US Attorney seems to have settled into a pattern in recent years, especially in local white-collar cases.
They browbeat and torture the vast majority of targets to cop a plea deal in exchange for a light sentence.
But every once in a while, a target has enough money and/or enough backbone to resist and to actually go to trial. And when they do, generally the evidence presented at trial is weak and not clear, not to mention, it's heavily dependent on people who are only testifying to try to get out of their own mess.
I think Ryan walks. The bank got way ahead of themselves, grew way too fast, and ultimately made a bunch of bad decisions. The decisions were so poor that ultimately the feds had to bail out the bank and the customers.
But as we all know, the governent doesn't prosecute company officials when the company needed a bail out. If they did... a lot more bankers and businessmen post 2008 would be in jail.
This looks to be a case of "I think I am the smartest person in the room" combined with some shady borrowers... but I don't think Ryan actually committed fraud.
Will Ashton Ryan be convicted?
The US Attorney seems to have settled into a pattern in recent years, especially in local white-collar cases.
They browbeat and torture the vast majority of targets to cop a plea deal in exchange for a light sentence.
But every once in a while, a target has enough money and/or enough backbone to resist and to actually go to trial. And when they do, generally the evidence presented at trial is weak and not clear, not to mention, it's heavily dependent on people who are only testifying to try to get out of their own mess.
I think Ryan walks. The bank got way ahead of themselves, grew way too fast, and ultimately made a bunch of bad decisions. The decisions were so poor that ultimately the feds had to bail out the bank and the customers.
But as we all know, the governent doesn't prosecute company officials when the company needed a bail out. If they did... a lot more bankers and businessmen post 2008 would be in jail.
This looks to be a case of "I think I am the smartest person in the room" combined with some shady borrowers... but I don't think Ryan actually committed fraud.
This post was edited on 2/9/23 at 3:58 pm
10
Posted on 2/8/23 at 12:09 pm to LSUFanHouston
I think he walks on a hung jury for now. If that happens, would be interesting to see if the feds opt to re-try him. Guyy did some dumb things, but not sure if the feds proved criminal intent and conspiracy. Older guy is going to get some sympathy with the jury.
Posted on 2/8/23 at 12:12 pm to LSUFanHouston
Even if he is found not guilty, he still loses, think about the legal fees he us paying.
Posted on 2/8/23 at 12:14 pm to doublecutter
quote:
Even if he is found not guilty, he still loses, think about the legal fees he us paying.
With the Feds/Govt the punishment is the Process. You win, you still lose.
Posted on 2/8/23 at 12:14 pm to pmacneworleans
quote:
Guyy did some dumb things, but not sure if the feds proved criminal intent and conspiracy. Older guy is going to get some sympathy with the jury.
Agreed. He's also well known not only in the community, but he's pretty well known in the black community as well.
Sometimes a jury in NOLA can get on the "burn whitey, he deserves it" kick, but I don't think that applies here.
These cases are hard for the feds to prove, and I don't think they did here.
Posted on 2/8/23 at 12:15 pm to LSUFanHouston
quote:
They browbeat and torture the vast majority of targets to cop a plea deal in exchange for a light sentence.
But every once in a while, a target has enough money and/or enough backbone to resist and to actually go to trial.
Sad.
Posted on 2/8/23 at 12:15 pm to doublecutter
quote:
Even if he is found not guilty, he still loses, think about the legal fees he us paying.
Yup, and his reputation is tarnished, and he will never work in banking again.
And given some of the dumb things he / the bank did, I think that's an appropriate "sentence".
Posted on 2/8/23 at 12:17 pm to doublecutter
quote:
Even if he is found not guilty, he still loses, think about the legal fees he us paying.
Sign me up for defrauding a bank of $10M and then spending $2M to secure that not guilty verdict.
Posted on 2/8/23 at 12:19 pm to LSUFanHouston
He's over 70. My guess would be he was on the verge of retiring and was just going to take a Board seat until all this happened. Financially, he took a hit on attn fees, but he'll be fine financially. My fear for him would be having to go through this twice if its a hung jury and the USDA retries him. He's not physically fit, and the stress could either kill him or significantly reduce whatever time he has left.
Posted on 2/8/23 at 1:08 pm to Meauxjeaux
quote:
Sign me up for defrauding a bank of $10M and then spending $2M to secure that not guilty verdict.
Don’t forget the years working as CEO of the bank and lending out money to prospective business clients that had no means to pay it back and then double down on those loans when they had issues paying it back.
Must be nice to be the CEO of the world’s first Monopoly based Bank.
Posted on 2/8/23 at 1:26 pm to LSUFanHouston
S gotta Burbon, pearl white with T.V.'s
My clique ain't hurtin, all of us bank at First N.B.C.
Paul Allen got a Beamer, blue and black with 17s
My clique ain't hurtin, all of us bank at First N.B.C.
Paul Allen got a Beamer, blue and black with 17s
Posted on 2/8/23 at 1:36 pm to LSUFanHouston
This is unencumbered by facts or the thought process. But I think he looks like a guy who is nice enough to be duped.
Posted on 2/8/23 at 1:42 pm to JudgeHolden
"A rolling loan gathers no loss."
It was no secret that the sketchiest development projects, restaurant startups, etc. would always get a YES at First NBC.
It was no secret that the sketchiest development projects, restaurant startups, etc. would always get a YES at First NBC.
Posted on 2/8/23 at 1:47 pm to LSUFanHouston
He may be found not guilty but he is far, far from innocent.
Posted on 2/8/23 at 1:53 pm to JudgeHolden
quote:
But I think he looks like a guy who is nice enough to be duped.
I always find it interesting when the defense is "my client is too dumb to do the things he is accused of doing".
We forget that Ryan's background is as a bank auditor. Auditors - be they of banks or of financial statements - often get things pulled past them, if the other party is trying hard enough.
Posted on 2/8/23 at 2:09 pm to LSUFanHouston
quote:
But every once in a while, a target has enough money and/or enough backbone to resist and to actually go to trial.
That didn't happen here Ryan was at the top of the food chain he didn't have anything to bargain with to give them.
I am not sure the "oh this was just bad luck that all of my friends I lent millions to couldn't pay it back" defense will work.
Posted on 2/8/23 at 2:11 pm to LSUFanHouston
quote:
the feds had to bail out the bank
This didn't happen. The bank failed.
As a former banker, I think he's guilty. Lending money on people who aren't repaying is a "shame on you" situation. Using depositor's money to lend money to people that you personally owe money to that you know can't repay is fraud.
Posted on 2/9/23 at 3:57 pm to Socrates Johnson
quote:
As a former banker, I think he's guilty.
Looks like you were right.
quote:
Ryan appeared stunned as the clerk of court read out guilty verdicts 46 times, which the jury had decided after deliberating for a total of only about six hours following a trial that had lasted more than four weeks.
Meanwhile his mid level walked.
quote:
It was a different scene at his co-defendant's table as the jury found Fred V. Beebe, a former mid-level loan officer at the bank, not guilty on the seven counts of the 49-count indictment he faced. Beebe turned and said, "I didn't do it," to his wife Peggy and only child Kristina Barbier, as they sobbed volubly from the observer pews.
Posted on 2/9/23 at 4:23 pm to LSUFanHouston
Wow
Incredible story
Ryan was a cornerstone of the business community and generally regarded well
I didn’t follow the story so I’m not entirely clear on why he would be giving out fraudulent loans to people ?
What did he gain from that?
Incredible story
Ryan was a cornerstone of the business community and generally regarded well
I didn’t follow the story so I’m not entirely clear on why he would be giving out fraudulent loans to people ?
What did he gain from that?
Posted on 2/9/23 at 4:39 pm to SlidellCajun
I’m taking a guess he wanted to be The Godfather handing out favors.
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