BCI's CEO May Have Used Co. Cash For Luxury Home: Ex-VP

Law360, New York (February 9, 2012, 7:33 PM EST) -- An ex-employee of BCI Aircraft Leasing Inc. testified at the Illinois criminal fraud trial of the company and two executives Thursday that one of the defendants allegedly used $1 million in company cash to put down a security deposit on a luxury home.

John VanDerMeulen, once a senior vice president at BCI, was the latest government witness to take the stand in the trial of BCI, its CEO Brian Hollnagel and Managing Director Craig Papayanis, who are charged with wire fraud for allegedly running a financing...
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