Donner Gets 18 Months for Role in Leasing Ponzi Scheme

According to U.S. District Court of New Jersey documents, Bruce Donner, owner of Donner Medical Marketing, was sentenced to 18 months in prison for his role in a $135 million medical equipment leasing Ponzi scheme that defrauded lenders out of at least $80 million.

Donner pleaded guilty last fall to one count of mail fraud under a plea agreement with prosecutors under which he agreed to cooperate with investigators in their case against co-conspirator Charles K. Schwartz, president of Allied Healthcare Services (Allied) and C&C, Inc., a medical equipment distributor. For his role in the fraud, Schwartz pleaded guilty and was sentenced last November to 16 years in prison.

Previously on monitordaily: Co-Conspirator Pleads Guilty in $135MM Equipment Lease Scheme, published October 7, 2011

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