Operation Lease Fleece--Up-Date
June 2012
This has been going on for over four years, with many sentences, but a few left, including the key players, founders of CapitalWerks/Preferred Leasing: Mark McQuitty, sentencing re-set for September 24, 2012 and James Reader re-set for September 10, 2010.
This would be the most requested for latest information, much of it from "victims" as well as past employees, who tell me things like:
“Two stories:
"1. I did a lease for $150,000 promotional trailer for a company and it was supposed to have a 10% option. I was given the packet to go get it signed and didn't really review it. The customers really liked me, were young and we got along great. We had lunch, they signed and when I got back Mark told me they had slid in a 100% PUT instead of the 10% buyout because they knew the clients liked me so much. Before I could say or do a thing, he took the Put, placed it in his desk and said, ‘I can’t wait to see the prick’s face in five years’
"2. One of the sales people made a fake fire alarm and above it the note said ‘In case of 60 Minutes Please Pull Here’ so if anyone ever tries to tell you that they were a innocent party they may not have done a crooked deal but they sure knew that there were a lot going on, and I guarantee you everyone pushed the envelope at least once.
"Again, please keep my name out of this but I appreciate the news."
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