WALL STREET FINANCIER busted for $800K upfront fee fake loan scheme
A Wall Street financier hatched an elaborate scheme to steal $800,000 from three clients, including a church, officials said.
Anthony Nyame, CEO of General Capital Corporation, was arrested Wednesday for falsely telling his marks that he could arrange millions of dollars in loans for them if they fronted thousands in collateral, authorities allege.
In one instance, Nyame allegedly promised to obtain a $30 million loan for a Bronx church that wanted to construct a multifamily building on their property if they handed over $375,000, according to the office of Attorney General Eric Schneiderman.
Instead of using the funds to secure loans for his clients, Nyame allegedly transferred the money to his personal bank account.
He allegedly blew $47,000 on rent for his Financial District pad and transferred hundreds of thousands of dollars to multiple companies and people around the world, authorities said.
To further the scheme, Nyame sent the clients fake e-mails and documents purportedly from the Treasury Department claiming the loans were being verified and approved, officials said.
Nyame, 59, of The Bronx, was arraigned on charges of grand larceny, criminal possession of a forged instrument and scheme to defraud.
His lawyer, Dan Liebman, didn’t return a call for comment.
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