Monday’s 160 months already ran. Monday’s seven years 10 months already ran. This is Friday’s unused bank sentence.
U.S. Department of Justice, Wednesday Oct. 7: Juan Francisco Ramirez, 60, of Miami, former board chairman and co-owner of Nodus International Bank, a Puerto Rican International Banking Entity, was sentenced to 62 months in prison, three years of supervised release, and forfeiture of about $13.6 million. The office said he led a scheme to fraudulently obtain more than $23.6 million from Nodus Bank. Court documents: the loss was at least $23,613,371. He pleaded guilty in September 2025 to one count of conspiracy to commit wire fraud. 62 months is not Iley 160. $23.6 million is not Barron’s $10 million scheme.
U.S. Attorney Jason A. Reding Quiñones, Southern District of Florida: “Ramirez was entrusted to lead a bank. Instead, he looted it.” Assistant Attorney General A. Tysen Duva: when the bank went under, “innocent people lost their savings.” From 2017 to 2023, the office said, Ramirez and others concealed insider loans from the board and from Puerto Rico’s bank regulator, OCIF. In March 2023 OCIF moved to liquidate the bank. $13.6 million forfeiture is the proceeds figure the department named. A plea sentence is not a case still waiting on a jury.
What this means for you
If you needed Monday’s unused crime, those terms still stand. If you needed this morning’s unused sentence, it is Ramirez, 62 months, $23.6 million, Nodus. If the week is too heavy, 988.
Bottom line: 62 months. $23,613,371. $13.6 million forfeiture. Not Iley 160. Not Barron.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
