In September 2014, My Hiram L Ryan of Ryan Holdings Corp and Ryan Aerospace began soliciting funds from investors promising "High Yield Returns" over a short period of time. Mr Hiram Ryan claimed that this was a proven investment method whereby he would acquire Stand By Letters of Credit (SBLC) and would then have them "monetized" where they would be traded a number of times allowing investors to achieve large returns over a 40 week period.
In October 2014, Ryan took into his possession $2,0000,000 in investor funds for which he promised would be returned within a 4-5 week period. After such time the three investors would accumulate much larger ongoing returns from this "trading process"
Six weeks went by and Hiram Ryan did not return ANY investor capital. Instead, he had his solicitor, Mr Dwain Wiley of Canada, explain to the investors that things were "just a little behind schedule". Mr Wliey promised that by Thanksgiving 2014, all Investor capital would be returned. Obviously, nothing happened and no funds were returned to investors by Hiram L Ryan.
The 2014 holiday season approached and Mr Ryan sent a letter to the three investors saying that the monetization process failed and that he would be liquidating his personal investment account at "Fidelity" to not only repay the three investors but also place them back into a "legitimate" trading platform. This was to occur by mid January 2015, and of course, Mr Hiram Ryan did not keep his word to the three investors. At this point he became a crook in our minds.
In the summer of 2015, Hiram Lester Ryan blamed an individual by the name of Jeffery Robinson, a convicted white collar felon for the theft. All along Mr Ryan refused to tell the three investors exactly where their funds had actually been lost. He continually told us that his attorney would "not allow him to release this information until he (Ryan) returned all investor capital". In our opinion, the lack of his forthcoming led some of us to believe that criminal racketeering had taken place between him and this mysterious "Robinson".
Let it be well know that Hiram Ryan has had several lawsuits filed against him and is under the investigation of the Texas Securities Board. Further, Hiram Lester Ryan is an Australian national and should be have his Green Card revoked and deported back to Australia immediately
It is also worth noting that we understand that Mr Ryan is a formerly defrocked Catholic priest.
It would seem that Hiram Lester Ryan has no integrity and has sought refuge within the United States.