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David A. Moro Indicted in $4.2 Million Equipment-Leasing Scheme

A New York man was indicted today for allegedly orchestrating a $4.2 million broadcasting equipment lease and financing scheme that caused losses of more than $3 million for major lenders, Acting U.S. Attorney Ralph J. Marra, Jr. announced.

David A. Moro, 49, of Pomona, is named in the 34-count Indictment with conspiracy to defraud, among others, lenders CFC Investment, based in Cincinnati, Ohio; Hewlett Packard Financial Services, based in Murray Hill, N.J.; Santa Barbara Bank and Trust, based in Santa Barbara, Calif.; Wells Fargo Equipment Finance, Inc., in Minneapolis , Minn. ; Citi Capital, based in Moberly, Mo.; The CIT Group, based in Livingston, N.J.; American Express Business Finance Corporation, based in Houston, Texas; ACC Capital Corporation, based in Salt Lake City, Utah; Diamond Lease (USA), Inc., based in New York ; and Bank of the West, based in San Francisco.

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