CitiCapital Municipal Finance filed a lawsuit against the city of Burlington, VT seeking to repossess equipment leased to city owned Burlington Telecom under a $33.5 lease-purchase agreement entered into in 2007. read more

SEP 12, 2011 - 9:38 am

The Pittsburgh Tribune-Review reports that the wife and son of convicted former CEO of LeNature's Inc. are scheduled to stand trial in October on federal charges that they helped him launder money defrauded from the beverage company's investors. read more

AUG 30, 2011 - 9:42 am

Chrstiopher S. Linton, a new attorney for EFI defendant Harold Young, asked the court to delay Young’s October trial because he needs more time to prepare the case. Linton replaces Young’s previous attorney who a federal prosecutor in the case accused of conflict of interest, according to court documents. read more

AUG 23, 2011 - 9:10 am

According to court documents, sentencing of John S. Tomberlin, a defendant in the Equipment Finance Inc. loan fraud case, has been scheduled for November 22, 2011. Co-defendants Joseph M. Braas, Michael J. Schlager and Mary C. Stankiewicz will also be sentenced in November. read more

AUG 16, 2011 - 9:27 am

According to an article in The Fresno Bee, a jury found HL Leasing's president Dan Ramirez and CFO Andy Fernandez liable for their role in a leasing company Ponzi scheme. However, the 1,200 victims will likely only collect a fraction of the $46.5 million award. read more

AUG 8, 2011 - 9:26 am

QSGI, a provider of information technology products and services, announced that it filed an antitrust suit against IBM Global Financing and parent IBM claiming that an IBM policy eliminated QSGI's ability to compete in the used mainframe market with IBM Global Financing. read more

AUG 5, 2011 - 9:22 am

According to the Intelligencer Journal/Lancaster New Era, federal prosecutor Nancy E. Potts is asking a federal judge to remove attorney Donald R. Jones Jr., counsel for defendant Harold W. Young in the Equipment Finance Inc. fraud case, due to conflict of interest. read more

JUL 29, 2011 - 9:49 am

John Wiley Spann, a defendant in the EFI fraud case, pleaded guilty in a change of plea hearing on July 25, 2011 to conspiracy, mail fraud affecting a financial institution and money laundering, according to documents filed in Philadelphia federal court. He will be sentenced on December 15. read more

JUL 27, 2011 - 8:42 am

Jury selection has begun in the fraud trial of former Le-Nature's president Robert B. Lynn, the only one of five defendants in the criminal case against the bankrupt beverage maker to maintain a plea of innocence. read more

JUL 6, 2011 - 9:42 am

John S. Tomberlin, a defendant in the EFI fraud case, will plead guilty on August 15, 2011, according to court documents. He was a partner in South Central Agency, a purported insurer of equipment that secured numerous EFI loans. read more

JUL 6, 2011 - 9:37 am

Clarence Allen Rice, owner of C&J Leasing, was found guilty of wire fraud in connection with an $8 million scheme against Frontier Leasing, according to U.S. Attorney Nicholas A. Klinefeldt. read more

JUL 6, 2011 - 9:36 am

Federal prosecutors charged a former equipment leasing company CFO with wire fraud in connection to a $1.2 million embezzlement scheme, according to U.S. Attorney Joyce White Vance. read more

JUL 5, 2011 - 9:57 am

Tamarack Municipal Association homeowners are fighting to prevent Banc of America Leasing from removing two ski lifts from the Tamarack Resort after receiving the OK from a bankruptcy court judge to repossess the lifts that were leased to the resort. read more

JUL 5, 2011 - 9:54 am

CIT Group has asked a bankruptcy judge to block a tax-related claim asserted by Tyco International that relates to an agreement that was entered into when Tyco sold its stake in CIT through an IPO in 2002, Bloomberg reports. read more

JUN 23, 2011 - 9:27 am

The Intelligencer Journal-Lancaster New Era reports that John Wiley Spann, a defendant in the Equipment Finance loan fraud case, is scheduled to plead guilty on July 25 in Philadelphia federal court. read more

JUN 22, 2011 - 9:36 am