FBI Raids United Leasing Office

FBI agents reportedly with a subpoena confiscated accounting and leasing records from United Leasing Corporation and Truck Sales office in Mechanicsville, Virginia.

United Leasing Corporation, founded in 1971 by its current president, Edward H Shield, according to its web site http://www.united-trucksales.com/index.htm , is a source of capital financing for Virginia, North Carolina, Maryland and West Virginia businesses.

United Truck Sales, formed in 1999 through acquisition is a full service and sales operation located on Commerce road in Richmond, Virginia. Truck lot sales include pre-owned Tractors, Dump Trucks and Trailers.

Reportedly the company specialized in startups and small ticket leasing.

Raymond Cullen, a spokesman for United Leasing, told TimesDispatch.com, "United Leasing has been made aware, as of this morning, of a criminal investigation, and we have told the investigating authorities that we will cooperate in any way, shape or form in the course of their investigation in order to resolve the issues outstanding."

Lawrence Barry, an FBI spokesman, would make no comment regarding the raid. The U.S. attorney's office in Richmond also had no comment. The FBI visit was not good news.