BCI Aircraft Exec Asks For Probation In $50M Fraud Scheme

Law360, New York (October 15, 2013, 8:42 PM EDT) -- The founder and CEO of BCI Aircraft Leasing Inc. on Friday asked a Chicago federal judge for leniency following his conviction for paying a bribe and running a fraud scheme that prosecutors said pulled in more than $50 million from lenders and investors, saying a sentence of probation is appropriate.

Brian Hollnagel claims that contrary to prosecutors' arguments that he ran a massive Ponzi scheme, he and BCI lived up to its commitment to pay back every investor and bank all the money they told them...
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