BCI Exec Convicted In $50M Fraud Cops To False Tax Filing

Law360, Chicago (March 11, 2013, 5:41 PM EDT) -- The founder of BCI Aircraft Leasing Inc. pled guilty to filing a false income tax return on Monday, nearly a year after an Illinois federal jury convicted him and his company of running a fraud that prosecutors said raked in more than $50 million from investors and lenders.

Brian Hollnagel, 39, copped to the charge under a plea agreement with prosecutors, and is currently set to be sentenced in July on that count as well as the six counts of wire fraud and one count of...
To view the full article, register now.