Anthony Nyame, CEO Of General Capital Corporation, Allegedly Stole Deposits From Clients Intended For Loans, Including $375,000 From A Bronx Church.
New York, NY - April 26, 2017 - Attorney General Eric T. Schneiderman announced today felony charges against Anthony Nyame, 59, of the Bronx, for allegedly stealing $800,000 from multiple victims by fraudulently inducing them to believe his Wall Street based company, General Capital Corporation, had the ability to secure millions of dollars in loans. If convicted, Nyame faces up to 20 years in prison.
“The elaborate nature of this alleged scheme demonstrates just how shameless the defendant was in exploiting his victims,” said Attorney General Schneiderman. “It is unbelievable that there are some who would scam religious institutions for personal financial gain. We will not allow fraudsters to rip off New Yorkers, and those who do so will be held to account.”
According to the indictment and statements made by the prosecutor at arraignment, Nyame allegedly solicited unwitting victims into believing that his company could arrange for tens of millions of dollars in loans provided they pay hundreds of thousands of dollars to collateralize the loans. In one case, Nyame allegedly promised to obtain a $30 million loan for a Church located in the Bronx that was seeking to build a multi-family dwelling on its property. Instead of using the deposits to secure the promised loans, Nyame allegedly diverted monies from the Church and other investors for his own personal use – including $71,000 in cash withdrawals and transfers to his personal bank account, $47,000 to pay for his Wall Street apartment and an additional $26,000 for assorted personal items. Nyame also transferred hundreds of thousands of dollars to multiple companies and people around the world.
As part of Nyame’s scheme, he allegedly sent forged documents and fake emails to his victims that purported to come from the United States Treasury, including fake emails from the former Under Secretary David S. Cohen. The goal of the forged documents and fake emails was to convince the victims that the loans were delayed because they were in the process of being approved and verified by the US Treasury.
Nyame was arraigned today on the indictment before Supreme Court Judge Gregory Carro in New York County Court. Bail was set at $2 million bond over $1 million cash.
The defendant is charged with two counts of Grand Larceny in the Second Degree (a Class C felony), one count of Grand Larceny in the Third Degree (a class D felony), five counts of Criminal Possession of a Forged Instrument in the Second Degree (a Class D felony) and one count of Scheme to Defraud in the First Degree (a Class E felony).
The charges against the defendant are merely allegations and he is presumed innocent unless and until proven guilty in a court of law.
The Attorney General thanks Special Agent Thomas Brodowski of the United States Treasury, Office of the Inspector General, for his assistance in this investigation.
The case is being handled by Special Advisor to the Criminal Division Gary T. Fishman, with the assistance of Legal Analyst Brandon Shapiro. The Division of Criminal Justice is led by Chief Deputy Attorney General Jason Brown.
The Attorney General's investigation was conducted by Investigators Vincent Gisonti and Stephen Pratt with the assistance of Frank Tirri under the direction of Supervising Investigator Sylvia Rivera and Deputy Chief John McManus. The Investigations Bureau is led by Chief Dominick Zarrella.