Precision Auto Leasing, Inc. PAL, Frank Anthony "Tony" Nuzzo, Kathryn Emily O'Brien COLT LEDGER CURRENTLY FILING 460 PLUS ALLEGATIONS OF SECURITIES AND CRIMINAL FRAUD AGAINST PRECISION AUTO LEASING, INC., FRANK ANTHONY NUZZO AND KATHRYN EMILY OBRIEN OF DAVIE, FLORIDA AT THE REQUEST Davie, Florida

Colt Ledger & Associates, Inc., the premier firm in the country for exposing private placement securities fraud and the criminal fraud associated with it, is currently filing over 460 separate allegations involving Precision Auto Leasing, Inc. (PAL), last located at 4650 SW 51st St., Unit 718, Davie, Florida 33314, at the request of 21 current PAL investors.

PAL, owned, at the time of the alleged fraud, by Frank Anthony Nuzzo, a used car salesman, and his girlfriend, Kathryn Emily OBrien, who is now listed as the President, is alleged to have entered into an illegal intra- and/or interstate scheme or artifice utilizing sub-prime financing to lease automobiles to those individuals with credit problems.  The alleged private placement scheme promised to take the company public within months and make everyone wealthy, back in January, 2010.  As of January, 2013, the investors could not get their calls to the company answered, all of the employees had been fired and the investors had not received a revenue check to date nor a single piece of accounting, tax, inventory or profit and loss information.

Colt Ledger & Associates, Inc. was retained by PAL investors for the purpose of confirming or denying if the investors had indeed been victims of a massive interstate fraud scheme. After an intensive research and investigation period, Colt Ledger compiled an extensive Research Report outlining their findings which included several securities and criminal fraud allegations with the corresponding evidential documentation, and presented the report to their clients and PAL. The Research Report will be forwarded with the complaints.

According to Colt Ledger, The alleged fraud ran by Nuzzo and OBrien appears to be a text book example of the typical private placement fraud that engulfs millions of victims and over $50 billion in illegal profits every year throughout the country.  Typically, these things start with a "boiler room" staffed with telemarketers making cold calls all over the country selling unregistered securities through unlicensed agents. This activity leads to mail fraud, wire fraud, etc.,etc. which leads to multiple interstate criminal activity.  Specifically,, whether PAL, Nuzzo and O'Brien are guilty of any wrong doing is in the hands of the authorities and  we are waiting for their determination.

Generally speaking, past experience has taught us that the only real and permanent solution to stopping any of the alleged fraudsters appears to be to put them in prison for a very long time! To take everything they own away and put their families on the street.  That is Colt Ledger & Associates agenda once a company has rejected an amiable resolution with its investor/victims.

The securities fraud allegations being filed against PAL, Nuzzo and O'Brien include , the sale of unregistered securities by unlicensed agents through general solicitation, mail fraud, wire fraud and the utilization of a boiler room setup, to defraud their investors, among many other allegations.  

The criminal fraud allegations being filed against PAL, Nuzzo and O'Brien include interstate commerce fraud, mail fraud, wire fraud, bank fraud, theft, misappropriation of funds, fraud by inducement and money laundering to name a few.

There are 21 PAL investors seeking the return of their investment.  The complaints are being filed with the FBI, IRS, Secret Service, Justice Department, U.S. Postal Service, SEC, and the Florida State, securities, FDLE, Florida revenue department, and the Attorney Generals Offices in Florida and the home States of all of the 21 investors, and other State and Federal agencies to be named.

PAL is represented by the honorable and esteemed Russell Rusty Akins, a Florida Bar member with multiple citations of the Florida Bar for, what appears to a layman, rather serious ethics violations, due in part to, according to the official paperwork, him being a drunk. In addition, he is also currently facing multiple counts of mortgage fraud in Florida following his arrest in June, 2009 according to the Florida Department of Law Enforcement (FDLE) ; if found guilty, according to a Florida newspaper, he could face up to 60 years in the penitentiary.

 Mr. Akins, in response to the investors allegations stated, We are convinced that there has been no conduct that can be characterized as criminal in nature.

PAL apparently blames prior poor legal advice, unreliable CPAs and miscommunication for the problems. These excuses do attempt to explain certain issues regarding the possibility of mismanagement of the company and its funds, however, it absolutely fails to invalidate the alleged securities and criminal fraud!

The investors disagree with Mr. Akins opinion and PALs latest set of excuses and firmly believe that securities and criminal fraud have occurred with regard to their investment. So, to be fair to all parties involved, they have requested Colt Ledger to see that the complaints are forwarded to the
appropriate authorities for their analysis in accordance with State and Federal Statutes. They have also instructed Colt Ledger to air their grievances publicly, as stated in the original paperwork notifying PAL of the complaints.
 
Colt Ledger and the investors remind everyone that they adhere to the constitutional concept that everyone is innocent until proven otherwise.

If you have information, pro or con, regarding PAL, Nuzzo or
OBrien please contact Colt Ledger at coltledge at (((REDACTED))).