Ryan Tomazin, Founder of R2 Capital Group LLC, Sentenced to Six Months in Prison for Securities and Commodities Fraud

Ryan Tomazin, the founder and managing partner of R2 Capital Group LLC, was sentenced to six months in prison for his role in a scheme to defraud investors and misappropriate investment funds. The sentencing took place in Manhattan federal court on July 30, 2015.

According to the indictment, Tomazin created a commodity pool called R2 Capital Partners I L.P. (the "Commercial Pool") and began soliciting investors in late 2009. The pool raised approximately $2.2 million, with one investor, Investment Fund-1, contributing over $1 million. However, the Commercial Pool experienced significant net losses from June 2010 to July 2011, leaving less than $5,000 in its bank accounts by August 2011.

Despite this, Tomazin caused false "Trading Statements" to be sent to Investment Fund-1, reflecting false purported monthly trading profits and inaccurate trade balances. He also misappropriated approximately $850,000 from the Commercial Pool for his own personal benefit, contrary to prior representations that R2 Capital’s management fee would be limited to 50% of profits earned.

Tomazin, 35, of Stamford, Connecticut, pled guilty on July 30, 2015, and was sentenced today before United States District Judge Paul A. Crotty. In addition to the prison term, Tomazin was sentenced to three years of supervised release and ordered to pay forfeiture and restitution to the victims of the offense in the amount of $288,000.

The charges against Tomazin were brought in connection with the President’s Financial Fraud Enforcement Task Force, which was established to investigate and prosecute financial crimes. The task force has made significant strides in combating fraud and has filed over 18,000 financial fraud cases against more than 25,000 defendants since fiscal year 2009.

Tomazin was convicted of one count of securities fraud (Count One) and one count of commodities fraud (Count Two). The case is being handled by the Office’s Securities and Commodities Fraud Task Force. This is a significant victory for the victims of Tomazin’s scheme and a reminder that those who engage in financial crimes will be held accountable.

The President’s Financial Fraud Enforcement Task Force is a broad coalition of law enforcement, investigatory, and regulatory agencies working together to combat financial crimes. The task force has made significant strides in facilitating increased investigation and prosecution of financial crimes, enhancing coordination and cooperation among federal, state, and local authorities, addressing discrimination in the lending and financial markets, and conducting outreach to the public, victims, financial institutions, and other organizations.

For more information on the task force, please visit www.StopFraud.gov.

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