The CEO of a private jet charter firm in Virginia has been convicted of many fraud fees tied to a bankruptcy situation in which he discharged more than $6 million in own debt, in accordance to a federal prosecutor.

ALEXANDRIA, Va. (AP) — The CEO of a private jet constitution corporation in Virginia has been convicted of numerous fraud rates tied to a bankruptcy circumstance in which he discharged over $6 million in own financial debt, in accordance to a federal prosecutor.

The U.S. Attorney’s Business for the Japanese District of Virginia reported Alan Russell Cook dinner, Sr., 64, of Reston filed for Chapter 7 individual bankruptcy in his personal ability as president and CEO of an aviation organization.

Ahead of the submitting, Prepare dinner transferred above $350,000 to his previous girlfriend and experienced her open up accounts in her name and in the name of a phony company to acquire his own assets and earnings from the corporation, prosecutors stated.

Prepare dinner also unsuccessful to disclose quite a few lender accounts and above $50,000 in casino income-outs. At a assembly of his creditors, Cook dinner made bogus statements beneath oath, which includes that his company was shut down for 4 to five months and produced no revenue in 2017 when it actually produced revenue in each month that 12 months.

Cook more failed to disclose generating payments for his girlfriend’s luxury vehicle and his obtain to the fraudulent lender account.

Cook faces up to 20 yrs in prison when sentenced in April 2022.

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