DOJ Says BCI Aircraft Exec Deserves Prison For $50M Scheme

Law360, New York (November 04, 2013, 8:35 PM ET) -- The U.S. Department of Justice told a Chicago federal judge on Friday that the founder of BCI Aircraft Leasing Inc. should get prison for engaging in bribery and running a fraud scheme that raked in $50 million from lenders and investors, rejecting the argument that payments to victims should lighten his punishment.

Prosecutors called Brian Hollnagel’s proposal for probation or home confinement unreasonable, given that he had improperly raised millions from investors, submitted false accounting statements to the U.S. Securities and Exchange Commission and bribed a...
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