BCI's Alleged Lies Would Have Killed $3M Loan: Witness

Law360, Chicago (February 1, 2012, 9:48 PM EST) -- A former Bridgeview Bank employee told an Illinois jury Wednesday that he would have tried to block the bank's $2.85 million loan to BCI Aircraft Leasing Inc., which now faces fraud charges, if he knew about alleged misrepresentations in the company's application documents.

But government witness John Taflan, a former member of Bridgeview's credit committee, also admitted that the bank lost no money on the loan, and instead turned a profit.

The ex-Bridgeview employee testified in the criminal trial of BCI, its CEO Brian Hollnagel and...
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