Originally published at: Former Flight School Owners Face RICO Charges
Investigators allege student training accounts, including scholarship and financing funds, were misappropriated.
Skimming funds from students accounts tied to flight schools seems to be repeating itself. About 25 years ago, the same fraud occurred with Silver State Helicopters. SSH defrauded students enrolled in helicopter flight training. SSH seemed to dodge accountability by closing or filing for bankruptcy then opening another school in another state until feds caught up with them.
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