FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Leasing Co. in Alleged $8.8MM Bank Fraud Lists Assets of $600K

July 07, 2014, 07:00 AM
Filed Under: Fraud

According to the Courier-Post, Lease Group Resources Inc. (LGR) of Mount Holly, New Jersey, the equipment-leasing company at the center of an alleged $8.8 million bank fraud currently has assets of about $600,000, a court-appointed receiver says.

The Courier-Post reports states Moorestown CPA Martin Mellman, the Receiver, noted the firm’s assets in a status report filed with a federal judge in Camden. A civil suit alleges LGR and Luis G. Rogers Sr. participated in a check-kiting scheme at Liberty Bell Bank of Evesham, Susquehanna Bank of Pennsylvania and Roma Bank of Mercer County.

Previously on Equipment Finance Advisor:
Leasing Company CEO Charged with Bank Fraud

To read the full Courier-Post article, click here.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.