SLO County developers accused of money laundering, wire fraud

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SLO County developers accused of money laundering, wire fraud
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By KAREN VELIE The FBI is probing San Luis Obispo County developer Ryan Wright in connection with wire fraud, money laundering and tax charges, a SLO superior court judge revealed while tentatively…

The FBI is probing San Luis Obispo County developer Ryan Wright in connection with wire fraud, money laundering and tax charges, a SLO superior court judge revealed while tentatively ruling that Wright would have to give a deposition in a civil case.

Their reasoning: Testifying under oath in the civil case would either have Wright waiving his right against self-incrimination, or, by refusing to answer questions using his 5th Amendment rights, he would not be able to defend himself against the claims in the civil lawsuit. His testimony, under oath in the civil case, could be used against him in a criminal trial.

Rybarczyk also said that government is investigating Wright for his conduct in relation to “other investors.” Judge Baltodono tentatively denied Wright’s motion saying that, “these arguments do not support that Wright should not have to sit for his deposition at all.” Belsher and Wright are connected with San Luis Obispo County Supervisor Adam Hill who committed suicide during an FBI investigation into bribery and corruption.

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