Owner Profile: Ariel Schacter

Background and Roles

Ariel Schacter served as the Chief Financial Officer of Northern Leasing Systems, Inc., a New York-based equipment leasing company. According to our review of Northern Leasing Systems, the company was involved in leasing credit card processing equipment to small business owners. Schacter was named in legal action by the New York State Attorney General, who filed a lawsuit in 2016 alleging that Northern Leasing and its affiliates engaged in fraudulent and deceptive practices that trapped small business owners into lease agreements for overpriced credit card processing equipment. Schacter also operated companies with former Northern Leasing officer Sara Krieger that were owned by trusts benefiting the families of Northern Leasing’s owners. The court ultimately ordered Northern Leasing and related entities to disgorge funds and make restitution to victims.

Legal, Regulatory, and Reputation Notes

We have not identified any significant legal actions, regulatory sanctions, or public ethical complaints directly involving this individual at the time of this profile’s publication. If you have information that should be considered, please contact us.