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: https://www.linkedin.com/in/rdbloom _____________________________________________ Hosted, Executive Produced & Edited By Ian Bick: https://www.instagram.com/ian_bick/?hl=en https://ianbick.com/ _____________________________________________ Timestamps: 00:00 Businessman Hit With an FBI Raid and Bank Fraud Indictment — Then Fought Back and Won — Full Story 01:57 His Early Life and the Family Business Roots That Shaped Everything 03:14 His Career Aspirations and the Dental Detour That Changed His Direction 04:36 Joining and Growing the Family Business and What That Really Required 05:47 The Family Feud and the Collapse of the Business That Followed 06:32 Pivoting to Oil Gas and Entrepreneurship and What That World Really Looked Like 07:52 Launching Pathfinder HDD and What the Industry Landscape Really Looked Like 08:44 Building a Thriving Construction Business From the Ground Up 10:14 The Challenges — Interest Rates Failed Deals and the Layoffs That Followed 11:14 His Pivot to Electric Vehicle Charging Stations and What That Decision Required 12:26 Getting Hustled and the Cash Flow Crisis That Changed Everything 14:03 His Dependence on Bad Clients and the Lessons That Came With It 15:23 Banking Relationships and the Financial Squeeze That Defined That Chapter 17:40 The Breaking Point — Reserve Accounts and the Road to Insolvency 19:52 Winding Down — What Filing for Business and Personal Bankruptcy Really Required 22:38 The Aftermath — Creditors Liquidation and What Came Next 25:44 Family Rebuilding and the Grit That Got Him Through the Hardest Times 29:44 The Personal Bankruptcy Process and the Impact It Had on Everything 33:22 The Legal Fallout — Depositions and the False Accusations That Followed 35:50 The Sudden FBI Raid and the Bank Fraud Indictment That Changed His Life Overnight 38:54 Family Community and What Coping With Sudden Infamy Really Looked Like 41:40 Navigating Discovery the Prosecution and What Building a Defense Really Required 43:33 Uncovering Family Drama and the Questionable Testimony That Defined His Case 47:42 Battling Prosecutors and What Preparing for Trial Actually Required 51:16 Suing for Prosecutorial Conflict of Interest and What That Fight Really Involved 58:56 Winning the Disqualification and Watching the Case Finally Unravel 01:03:21 The Dismissal the Pre-Trial Diversion and What Finally Walking Free Really Felt Like 01:07:25 The True Cost — Legal Fees and What Starting Over From Nothing Really Required 01:09:56 The Lessons He Carries and What Resilience Actually Looks Like After Everything 01:13:18 His Reflections on Purpose Faith and Family After Everything He Survived 01:15:43 His Final Thoughts His Advice and What the Next Chapter Really Looks Like _____________________________________________ To advertise on the show, contact sales@advertisecast.com or visit https://advertising.libsyn.com/LockedInWithIanBicka Learn more about your ad choices. Visit podcastchoices.com/adchoices