Two More Sentenced in Operation Lease Fleece

This is the latest regardomg the sentencing of those caught in what the FBI labeled “Operation Lease Fleece.” This was a major scam in its day, a conspiracy that included disguised “sale/leasebacks” or leases that exceeded the “soft costs” such as software and installation. Many were on ghost equipment. Adam Zuckerman told Leasing News he set up phony bank accounts, trade references, fake vendors, knew how to fool site inspections, and existed before the days of Lease Police.

Zuckerman took a major role in what also involved the two alleged bad boys in the leasing industry, Mark McQuitty and Jim Raeder first of Republic Leasing of Southern California, then Preferred Leasing and finally CapitalWerks.

The latest update shows Zuckerman sentencing delayed as well as Michael Grayson, the trial of the Vartanian Brothers postponed again, and two sentencing’s:

Mark McQuitty, co-founder CapitalWerks, sentencing sent for May 14, 2012 before Judge Cormac J. Carney (going on over four and a half years since pleading guilty)

James Raeder, co-founder CapitalWerks, sentencing set for June 4, 2012 before Judge Cormac J. Carney (going on over four and a half years since pleading guilty)

Adam Zuckerman, head of BrickBanc and others, sentencing set for 10/24/2012 10:00 AM before Judge Cormac J. Carney (going on four and a half years since pleading guilty!)

Leigh Dorand, 42, Tech Capital, Phoenix, Arizona sentencing continued until 7/23/2012 10:00 AM before Judge Cormac J. Carney.

Paul Arnold, 60, Brickbanc, Laguna Hills also known as Arnold Paul Zuckerman, Arnold Zuckerman, Scott Alan Zuckerman (reportedly an uncle of Adam Zuckerman) On February 27, 2012 sentenced to the Bureau of Prisons for a term of 24 months (to start April 23, 2012). It was reported due to his age, he did not receive the standard three year term. Special Assessment of $100. Fines are waived. He will be under a supervised release for a term of five years under the rules and regulations of the US Probation Office and General Order 05-02
http://leasingnews.org/PDF/Paul_Arnold.pdf

Chance Nell Weaver, Axis Communications, Tarzana: Placed on probation for three years under terms and conditions of US Probation Office and General Orders 05-02 and 01-05. Pay $250 special assessment. Pay total fine of $250.

Michael Scott Grayson, Axis Communication, Tarzana sentencing continued to 6/25/2012 11:00 AM before Judge Cormac J. Carney

Chant Vartanian, president of ISystems Technology and Solutions, currently operating under several business names, trial date is continued to April 24, 2012 at 9:00 a.m. IT IS FURTHER ORDERED that the status conference is continued to April 16, 2012 at 9:30 a.m.

Sarkus Vartanian, vice-president of ISystems Technology and Solutions, currently operating under several business names, “trial date is continued to April 24, 2012 at 9:00 a.m. IT IS FURTHER ORDERED that the status conference is continued to April 16, 2012 at 9:30 a.m.