RW Professional Leasing Next Hearing June 22,2004
ORDER: Pursuant to the Memorandum of Decision & Order of Dist. Judge Spatt the attorney for Roger Drayer and the AUSA are directed to appear before the undersigned on 6/16/2004 at 9:30 AM for an evidentiary hearing on the motion to suppress the post-arrest statement. Said hearing will continue on 6/17/04, if necessary. The attorneys for the defts, Susan Cottrell, Adam Drayer, Roger Drayer, RW Professional Leasing Services Corp. and Rochelle Besser are directed to appear before the undersigned on 6/22/2004 at 9:30 AM for an evidentiary hearing on the motion to suppress documents obtained by "CS-1". Said hearing will continue day to day until completed. SO ORDERED (Signed by Judge Michael L. Orenstein on 5/4/04) c/m (Montero, Edher)
Leasing News has been following this story since the controversy with Sierra Cities and then American Express, a suit against us for what we printed, and then a surprise raid to their East Coast and West Coast offices with not only cases against them by American Express and others, but a $28M fraud case
Eight people, including the principals of an Island Park medical equipment leasing firm and the former manager of a bank branch in Island Park, pleaded not guilty recently to charges that they defrauded federally insured banks around the country out of $28 million.
The money, obtained by RW Professional Leasing Services, was supposed to be used to buy medical goods and supplies that were leased to medical providers.
The loans were supposedly backed by collateral, court papers said. But the money actually was used illegally to provide working capital for the offices of physicians, dentists and other medical providers, the court papers say.
The eight were charged with crimes including bank fraud, wire fraud and conspiracy. Seven of the eight were arraigned before U.S. District Judge Arthur Spatt in Central Islip, after an investigation by the FBI and the Internal Revenue Service, according to the office of U.S. Attorney Roslynn Mauskopf. The seven were released on bail after pleading not guilty. An eighth defendant, Stephen Barker, of Lake Forest, Calif., was arrested in California Friday and was to be transported to Long Island for arraignment.
One of the eight, Myrna Katz, 61, of Long Beach, was the former manager of the Island Park branch of the Bank of New York. She was accused of setting up fictitious escrow agreements in her branch, into which non-existent lease payments were ostensibly funneled.
Katz's attorney, John Wallenstein of Mineola, said "she was acting in accordance with her duties at the bank."
Among the others who pleaded not guilty were the principals of the leasing firm, Barry Drayer, 64, of Wellesley, Mass., and Rochelle Besser, 68, of Long Beach. Their attorneys nor the US attorneys
For a full background: http://www.leasingnews.org/Conscious-Top%20Stories/RW_stories.htm