Corporate Jet And Aircraft Parts Broker Gets 22 Years For Fraud

Phillip Casciola has been sentenced to 22 years in prison in part for failing to deliver merchandise sold through his web site Jetbroker.org, a company that specialized in selling corporate jets and aircraft parts. Authorities spent two years investigating 51-year-old Casciola and concluded that he had, within the past few years, defrauded customers out of more than half a million dollars. Prosecuters believed that figure to exceed $1 million. Casciola has been ordered to repay his victims $400,000 and was ordered last Wednesday to arrive in court with $175,000 cash in hand. When he arrived in court without the cash, but still in ownership of a home worth roughly $800,000, a Circuit Judge passed down her ruling. Casciola's lawyer said his client had received notice of a $400,000 lien placed on his client's home by the IRS. But Casciola's inability to pay likely swayed the judge away from any leniency. "Had he shown up with $175,000, he would have had 30 more days to pay the remaining $225,000 and his sentence may have been limited to two years of house arrest and probation," reported the Bradenton Herald.


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