A Stamford, Conn., man was arrested Thursday for defrauding investors in a commodities pool he ran, according to the U.S. Attorney for the Southern District of New York.
Ryan Tomazin, 39, founder and managing partner of R2 Capital Group LLC, is charged with securities fraud and investment fraud.
From late 2009 to December 2014, Tomazin solicited $2.2 million from investors for a commodity pool. The investment lost money and Tomazin and his associates directed $850,000 of the money to bank accounts or holding companies he controlled. He misrepresented to clients that their money was increasing in value when it was not, the U.S. Attorney says.
“Once again we see greed and unethical behavior by those we trust with our investments. As alleged in the indictment, Tomazin defrauded investors, misappropriated their investment funds for his own personal benefit and then made false representations to cover his unethical scheme,” says FBI Assistant Director-in-Charge George Venizelos.