BCI's Financial Info Didn't Add Up: Whistleblower

Law360, Chicago (February 14, 2012, 8:26 PM EST) -- An ex-employee of BCI Aircraft Leasing Inc. blew the whistle on the company's alleged $50 million investment scheme after fielding concerns from investors and observing the "sloppiness" with which the company organized its financial information, the former executive testified Tuesday at the Illinois criminal trial.

Dean Matt, a former BCI senior vice president, told the jury at the trial of BCI, its CEO Brian Hollnagel and managing director Craig Papayanis that in October 2006 he went to the Illinois Department of Securities because, though he tried...
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