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USA v. Hollnagel et al

  1. January 07, 2014

    Ex-Aviation Co. Exec Avoids Prison For BCI Bribes

    A former AAR Corp. executive who copped to accepting more than $400,000 in bribes from the owner of BCI Aircraft Leasing Inc. to seal deals between the companies was sentenced Tuesday to probation and house arrest, dodging the two-year prison term sought by prosecutors due to his cooperation in the case and personal circumstances.

  2. November 04, 2013

    DOJ Says BCI Aircraft Exec Deserves Prison For $50M Scheme

    The U.S. Department of Justice told a Chicago federal judge on Friday that the founder of BCI Aircraft Leasing Inc. should get prison for engaging in bribery and running a fraud scheme that raked in $50 million from lenders and investors, rejecting the argument that payments to victims should lighten his punishment.

  3. October 15, 2013

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

    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.

  4. July 02, 2013

    Aircraft Leasing Co. Exec Can't Shake $50M Fraud Verdict

    An Illinois federal judge on Monday denied the founder of BCI Aircraft Leasing Inc.'s request to overturn a jury verdict finding him guilty of paying a bribe and running a fraud scheme that prosecutors said pulled in more than $50 million from lenders and investors.

  5. March 11, 2013

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

    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.

  6. March 14, 2012

    Aircraft Lease Co., CEO Convicted Of $50M Fraud Scheme

    An Illinois federal jury found BCI Aircraft Leasing Inc. and its CEO Brian Hollnagel guilty on Wednesday of paying a bribe and of running a fraud scheme that prosecutors said pulled in more than $50 million from lenders and investors, but remained hung on charges against the company's managing director.

  7. February 29, 2012

    BCI Defense Makes Final Acquittal Bid In $50M Fraud Trial

    An attorney for BCI Aircraft Leasing Inc. and its CEO told Illinois federal jurors Wednesday that prosecutors failed to prove her clients had any intent to defraud investors and lenders in an alleged $50 million scheme, making one last push for acquittal before deliberations begin.

  8. February 27, 2012

    Defense Expert Says AAR Got Fair Prices In BCI Deals

    An aircraft appraisal expert testified Monday in Illinois federal court that AAR Corp. bagged fair prices in two multimillion-dollar deals with BCI Aircraft Leasing Inc., transactions the government alleges were tainted by bribes paid by a BCI executive now charged with defrauding investors.

  9. February 14, 2012

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

    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.

  10. February 08, 2012

    BCI In-House Atty Testifies On LLC Operations

    BCI Aircraft Leasing Inc.'s general counsel took the stand Wednesday in the Illinois criminal fraud trial of the company and two executives, testifying about a 2005 memo that suggested internal confusion and missing documentation regarding BCI's operation of the investment vehicles alleged to be at the heart of a financing scheme.

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