The Lancaster Intelligencer Journal reported that Joseph M. Braas, Equipment Finance Inc.’s senior vice president and chief operating officer, will be a key witness in the trial of former employees Curtis A. and Misty L. Kroesen.
The Kroesens, the only two of the eight defendants not to plead guilty, face identical charges of one count of conspiracy, two counts of mail fraud affecting a financial institution, three counts of wire fraud and eight counts of mail fraud, the article said.
It is alleged in the criminal indictment that as far back as 2001, before EFI was acquired by Sterling, the defendants were engaging in a systematic fraud at EFI. They are charged with colluding in a pervasive scheme to steal money by looting the accounts of EFI and falsifying EFI’s books from 2001 through 2007.
Monitor’s fourth annual women in equipment finance list highlights notable women within the industry that have been nominated by our readers and hand-selected by Monitor’s staff and editorial board. Here are this year’s honorees: Maryellen Barbarish Mithu Bhargava Hollis Bufferd... read more
The Convention that (Almost) Didn’t Happen The Equipment Leasing and Finance Association’s 61st Annual Convention was one that almost didn’t happen this year. Originally set to take place on Marco Island, FL, Hurricane Ian changed those plans and caused the... read more