Mon, Mar 08, 2010
Prosecution Claims Over $7 Million In Charges Were Never
Paid
After several years spent gathering information, US
prosecutors have charged two men for systematical receiving
aircraft parts from Honeywell and Pratt & Whitney and then
reversing payment. Faramarz Rafii Tari, 52, and Stefan
Gillier, 38, each face a maximum of 20 years in prison if
convicted.
According to U.S. Attorney Preet Bharara in New York, the men
"manufactured a competitive advantage by selling aircraft parts
that they allegedly never paid for."
Tari, who is a Canadian citizen, was arrested Wednesday morning
in Manhattan. Gillier is a Belgium native living in Quebec
and prosecutors say he is still at large. The two men are
accused of buying aircraft parts in large volumes during 2004-2006
using their NY-based aircraft parts companies RTF International and
UN Air Service.
The parts suppliers claim the men wrote
$16.6 million of checks, and then stopped payment on $15.8 million
of those checks, leaving them with almost $7 million in
parts. The companies then resold the parts at a substantial
profit.
"Honeywell identified the underlying fraud perpetrated by RTF
several years ago and has since used all available legal means,
including referring to and active cooperation with, the U.S.
Attorney's office, to obtain full restitution," said Karen
Crabtree, a spokeswomen for Honeywell. She also thanked the
authorities for their efforts to "bring Tari and his colleagues to
justice."
Additional claims indicate the defendants used personal
connections and family members to open accounts and improperly
shuffle company funds.
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