I Was Arrested For Bank Fraud — Then Spent $500K on Lawyers & Beat the Feds

Ryan Bloom grew up in a good family in Oklahoma with dreams of becoming a dentist. Life took a different turn and he built an electrical contracting business instead. When the business lost a major contract he turned to a small bank for help — and got pulled into a high interest invoice lending situation that ultimately left him owing over $2 million and forced to declare bankruptcy. Ryan thought everything he was doing was completely legitimate. Then the feds came for him. He was indicted for bank fraud — and discovered the prosecutor had a conflict of interest with the bank. He fought back. He spent almost $500,000 in attorney fees. And he beat the federal government. In this episode of Locked In with Ian Bick, Ryan breaks down the complete story — from the business collapse to the bankruptcy to the federal indictment to the courtroom victory that cost him everything financially but gave him his freedom. #fraud #TrueCrime #arrest Connect with Ryan Bloom:   / rdbloom   Hosted, Executive Produced & Edited By Ian Bick: https://www.instagram.com/ian_bick/?h... https://ianbick.com/ Timestamps: 00:00 Introduction and Early Life 01:52 Family Background and Childhood 03:23 College Dreams and Choosing a Career 04:44 Joining and Growing the Family Business 05:46 Family Infighting and Company's Downfall 06:34 New Start in Oil & Gas, Launching Own Business 07:46 Launching Pathfinder HDD and Business Pivot 08:22 Business Growth and Early Successes 09:14 Winning Big Contracts and Facing Setbacks 10:19 Losing Major Contracts and Transitioning to EV 11:16 Cash Flow Issues and Getting Hustled 13:06 Switching to Riskier Clients & Financial Mistakes 14:55 Survival Strategies and Bank Loans 16:46 Entering the Bank's Business Manager Program 19:09 Struggling with Loan Terms and Shrinking Cash Flow 23:32 Business Hits a Wall and Approaching Insolvency 26:00 Personal Consequences & Potential Bankruptcy 28:29 Winding Down Operations and Filing Bankruptcy 31:06 Bankruptcy Process and Asset Liquidation 35:51 Personal Impact and Family Resilience 39:03 Navigating Bankruptcy Exemptions 41:02 Life After Bankruptcy: Rebuilding 44:41 Facing Litigation and Bank's Aggressive Tactics 46:58 Legal Uncertainty and Approaching Discharge 50:02 Arrest by FBI and Shock of Indictment 54:41 Processing the Arrest and Immediate Aftermath 59:30 Public Reaction and Family Support 01:02:44 Beginning the Legal Battle 01:05:12 Prosecution's Case Building and Strange Accusations 01:10:01 Defending Against Fraud Allegations 01:17:01 Legal Strategy and Conflict of Interest 01:21:59 Superseding Indictment and Witness Tampering 01:27:53 Bank's Insurance Claim and Motivations for Prosecution 01:32:00 Preparing for Trial and Hiring Top Defense 01:39:13 Conflict of Interest, Disqualifying the Prosecutor 01:46:07 Case Dismissal and Pre-Trial Diversion 01:50:01 Financial Ruin and Emotional Toll 01:53:02 Life Lessons, Resilience, and Moving On 02:03:40 Advice on Integrity and Closing Thoughts To advertise on the show, contact sales@advertisecast.com or visit https://advertising.libsyn.com/Locked...