Trucking Execs Charged In Alleged $26M Con Of GE Capital

Law360, Houston (September 4, 2013, 6:29 PM EDT) -- Three former top executives of a defunct cross-border trucking business were arrested Wednesday on federal charges that they lied about the company’s declining financial condition to secure a line of credit from GE Capital Corp., which lost $26 million when the truth was revealed.

USA Dry Van Logistics CEO Sergio Lagos, Chief Operating Officer Aurelio “Jim” Aleman and Controller Oscar Barbosa were indicted Aug. 27 on five counts of wire fraud and a single count of conspiracy for allegedly inflating the company’s revenue projections so GE...
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