Witness Says BCI Owner Paid Him To Cinch Plane Deals

Law360, Chicago (January 20, 2012, 5:43 PM EST) -- A former executive at aviation leasing company AAR Corp. told an Illinois federal jury on Friday that the owner of BCI Aircraft Leasing Inc. funneled him more than $400,000 in exchange for his help cinching two major transactions between the companies.

Ex-AAR vice president Brian Olds testified as a government witness on the second day of the criminal trial against BCI, its owner and president Brian Hollnagel and its one-time chief financial officer Craig Papayanis. Charges include wire fraud for allegedly running a fraudulent financing scheme...
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