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John Otto's HL Leasing Ponzi Scheme Up-date

The blog started May 14, 2009 has 1097 comments, most from the first two years, and even the emails and telephone calls to Leasing News have fallen off to zero. The last on the blog was May 21 as most of the communication in 2012 has been about the tax consequences, problems with the IRS, IRA accounts.

The two class action cases were won in Fresno, California, for those who joined. The judgment is against Heritage Leasing, MAC dba Heritage Leasing, Kathleen Otto and Air Fred for $114.5 million, plus $46.5 million against both Dan Ramirez and Andy Fernandez; $720,000 on top of that against Dan Ramirez.

Wednesday, May 9, 2012, Ara Jabagchourian and Aron K. Liang of Cotchett, Pitre & McCarthy, LLP and Donald Fischbach of Dowling, Aaron & Keeler, Inc began search for the assets. They are not only interested for those in the class action suit, but that is the basics of how they are being paid for their work for the trail and then finding what assets are available.