State Crime Reports

Two Executives Indicted In Alleged $190 Million Equipment Financing Fraud Scheme That Caused $100 Million Loss To Lenders

CHICAGO–(ENEWSPF)–February 28, 2014.  An owner of a bankrupt Palatine company that sold refurbished semiconductor-making machinery and the owner of a Pennsylvania company that sold machine tools were indicted for allegedly engaging in a scheme to fraudulently obtain approximately $190 million from banks and financing companies and, eventually, causing those lenders to lose at least $100 million.

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One defendant, MARK ANSTETT, 58, of Lake Forest, was president and co-owner of Equipment Acquisition Resources, Inc., (EAR), of…

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