The government's case in brief:
1) In November 2007, Denny Hecker and Steven Leach negotiated the purchase of more than 5,400 vehicles from Hyundai Motor America for Hecker's leasing business. Hyundai provided a letter providing a buyback guarantee on 605 of the vehicles.
2) At Hecker's direction, Leach had another Hecker employee alter language in Hyundai's letter "with a taped-on insert" to make it appear that Hyundai had agreed to guarantee the repurchase of 4,855 vehicles.
3) Leach then sent the altered letter to Hecker in Detroit where he presented it to Chrysler Financial as evidence of collateral for the $80 million that Hecker was seeking to complete the Hyundai deal.
4) With Chrysler's money in hand, Hecker leased the cars to rental companies, including his own, which generated revenue for him. He also collected $17.2 million in incentive payments from Hyundai for the purchase of cars without telling Chrysler Financial.
5) When Hecker failed to repay the loan, Chrysler Financial ultimately sold its collateral - the Hyundai vehicles - at a $10 million loss.
