BCI Aircraft Exec Gets 20 Months For $31M Scheme

Law360, Chicago (December 16, 2013, 3:27 PM EST) -- The CEO of BCI Aircraft Leasing Inc. was sentenced to 20 months in prison Monday for paying a bribe and running a fraud scheme that the government said raked in more than $31 million from lenders and investors, winning a significantly lighter sentence than prosecutors had sought.

Brian Hollnagel, 40, must also pay a $100,000 fine to the government, serve six months of house arrest when he exits prison and perform 200 hours of community service, U.S. District Judge Amy J. St. Eve said at his...
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