BCI Aircraft Exec Asks For Probation In $50M Fraud Scheme

Law360, New York (October 15, 2013, 8:42 PM EDT) -- The founder and CEO of BCI Aircraft Leasing Inc. on Friday asked a Chicago federal judge for leniency following his conviction for paying a bribe and running a fraud scheme that prosecutors said pulled in more than $50 million from lenders and investors, saying a sentence of probation is appropriate.

Brian Hollnagel claims that contrary to prosecutors' arguments that he ran a massive Ponzi scheme, he and BCI lived up to its commitment to pay back every investor and bank all the money they told them...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

USA v. Hollnagel et al


Case Number

1:10-cr-00195

Court

Illinois Northern

Nature of Suit

Date Filed

March 9, 2010

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.