PITTSBURGH - A resident of Moon Township has been indicted by a federal grand jury in Pittsburgh on charges of wire and mail fraud, United States Attorney David J. Hickton announced today.
The four-count indictment, returned yesterday, named Ryan T. Blumling, 34.
According to indictment presented to the Court, Blumling engaged in conduct over the period 2005 through 2014 in which he defrauded a series of potential investors and potential borrowers by making false representations and failing to use funds consistent with the promises he made to investors.
The law provides for a maximum total sentence of up to 20 years in prison, and a fine of up to $250,000 or both at each of the four counts (two counts of wire fraud and two counts of mail fraud). Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant. Blumlling is currently incarcerated in the Allegheny County jail on unrelated state charges.
The Federal Bureau of Investigation conducted the investigation leading to the indictment in this case.
An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.