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Air Charter Co. Founders Stole Passenger Payments, Jury Told

Law360, Newark (March 20, 2018, 9:27 PM EDT) -- A prosecutor told a New Jersey federal jury Tuesday that two co-founders of a defunct public air charter operator stole millions in passenger payments by lying and falsifying documents, but defense counsel said the onetime executives legitimately sought money that was owed to the company.

Direct Air was required to keep payments for future flights in an escrow account until the flights were completed in order to protect passengers financially, but Judy Tull and Kay Ellison duped a bank into releasing more funds than the business...
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