BCI Aircraft Leasing Owner Guilty in $50 Million Fraud Case
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BCI Aircraft Leasing Inc. and its principal, Brian Hollnagel, were found guilty by a federal court jury of engaging in a fraudulent $50 million financing scheme, Chicago U.S. Attorney Patrick Fitzgerald said.
The jury returned its verdict today following nine days of deliberations after a seven-week trial, the prosecutor said in a statement. Hollnagel and his business were found guilty of six wire fraud counts and one count of obstructing a U.S. Securities and Exchange Commission probe. Jurors deadlocked on a second obstruction count.