Ryan Bloom, Bank Fraud, Oklahoma 2023

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Table of Contents

Bank Fraud Scheme Unfolds in Oklahoma City

A shocking case of bank fraud has come to light in Oklahoma City, with the indictment of Ryan Bloom, 34, former owner and manager of Pathfinder HDD, LLC. The U.S. Attorney’s Office announced the charges, alleging that Bloom’s actions resulted in losses of over $2,000,000 for Valliance Bank.

According to the indictment, Bloom executed an agreement with Valliance in February 2023, securing a line of credit for Pathfinder HDD, LLC. However, it is alleged that Bloom regularly submitted false and fraudulent invoices to the bank, representing them as valid accounts receivable.

The indictment states that Valliance relied on Bloom’s false representations and purchased nearly $3,000,000 of Pathfinder’s purported accounts receivable. However, in August 2023, Pathfinder declared bankruptcy, revealing that at least $2,300,000 worth of the accounts receivable were fraudulent.

The investigation, led by the FBI Oklahoma City Field Office, uncovered a complex web of deceit and misrepresentation. Assistant U.S. Attorney D.H. Dilbeck is prosecuting the case, which has sent shockwaves through the business community in Oklahoma City.

If found guilty, Bloom faces up to 30 years in federal prison and a fine of up to $1,000,000. The public is reminded that this charge is merely an allegation, and that the defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

The case serves as a stark reminder of the importance of vigilance and accountability in the business world. As the investigation continues, the people of Oklahoma City are left to wonder how such a scheme could have unfolded under their noses.

Reference is made to public filings for additional information on this case.