Ex-Broker Says BCI President Aided SEC Obstruction

Law360, Chicago (January 25, 2012, 7:46 PM EST) -- A former investment broker for BCI Aircraft Leasing Inc. told an Illinois federal jury Wednesday that BCI's president, who faces fraud charges, helped him lie to the U.S. Securities Exchange Commission, but also admitted that he couldn't be certain the BCI executive actually saw the allegedly sham document at issue.

Robert Carlsson testified as a government witness at the criminal trial of BCI, its president and owner Brian Hollnagel and its one-time Chief Financial Officer Craig Papayanis, who face wire fraud charges for allegedly running a...
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