Sergio Fernando Lagos has pleaded guilty to six counts of wire fraud and conspiracy to commit wire fraud. He is facing up to 20 years in prison and $250,000 in fines. According to records the former CEO, along with former COO Aleman, had a line of credit agreement with GE. By 2010 the line of credit was increased to $38 million when Lagos concealed Dry Van Logistics decreasing numbers. GECC’s loss is estimated at $26 million.