Developer, wife were on board out-of-control plane - Yahoo ...
news.yahoo.com/fighters-scrambled-pilot-fails-respond-17...
Yahoo! News
CYBRA Corporation - Outside Directors
Isaac Onn - Forbes
www.forbes.com/profile/isaac-onn/
Forbes
CYBRA Corporation - CYBRA Board Members
Isaac Onn has been the CEO and Treasurer of Ness Energy of Israel Inc. since 2008. ... His varied experience includes a stint with Mooney Airplane Company, ...
In the early 1980s, the Mooney Airplane Company of Kerrville, Texas designed a six-seat pressurised light aircraft powered by a single 360 hp (268 kW) piston engine, the Mooney 301, which made its maiden flight on 7 April 1983.[4] Mooney was purchased by French owners in 1985,[5] which resulted in talks between Mooney and the French company Socata to build a turboprop derivative of the 301. The result of these discussions was the TBM 700, which was much heavier than the 301 with more than twice the power, with a joint venture, TBM International, being set up in June 1987 between Mooney and Socata's parent company Aérospatiale to design and build the new aircraft.[4][6] In the designation TBM, "TB" stands for Tarbes, the city in France in which Socata is located, the "M" stands for Mooney.[4]......
On September 5, 2014, a 2014 TBM700 (tail number N900KN) was found to be flying with both pilots unconscious over the Caribbean. The flight originated fromRochester, NY with a flight plan filed to Naples, FL. Two F-15 aircraft were scrambled to trail the flight and saw that the windows were frosted over, leading to speculation that the pilots had been incapacitated by hypoxia as a result of cabin depressurization. The aircraft reportedly crashed off the coast of Jamaica.[14] The aircraft was registered to New 51LG LLC of Rochester, NY.[15]......
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Criminal charges against Badian - OffshoreAlert
Aug 13, 2011 - 27 posts - 20 authors
... and released on $2 million bail after pleading not guilty to securities fraud, officials said. ... Laurus Master Fund, Ltd. Eugene Grin Eugene Grin ..... Mooney is an AMRO deal; LH Financial (http://www.lhfin.com) is an investor; ...http://www.bizjournals.com/sanantonio/stories/2004/09/06/story2.html?page=all
Hot sparks are flying in Mooney litigation Sep 5, 2004
Contentious pleadings filed recently in U.S. Bankruptcy Court here in the case of a beleaguered aircraft manufacturer have now been laid on the steps of the U.S. Attorney's Office.
The case revolves around business transactions related to the bankruptcy of Kerrville-based Mooney Aircraft Corp, which filed for Chapter 11 protection in 2001.
Pleadings filed on July 28 by former Mooney Chairman Paul Dopp take issue with the handling of the Mooney bankruptcy case.
The pleadings allege that Advanced Aerodynamics & Structures Inc. (AASI), now known as Mooney Aerospace Group (MASG), engaged in criminal activity "prior to, during and following the sale" of Mooney's assets to AASI in the spring of 2002.
This activity, Dopp alleges in the court filing, "not only violated federal and state statutes but caused damages in excess of $20 million to the debtor's (Mooney's) estate and others."
A response filed with the court on Aug. 17 by J. Nelson Happy, Roy Norris (both of AASI) and LH Financial Services Corp. claims that Dopp's accusations are "slanderous" and "are little more than a repackaging of similar outlandish and unsupported allegations made and rejected in other federal district court litigation ... ."
The response also alleges that "Dopp is apparently angry over" the bankruptcy court's determination that "he was apparently not fit to operate the company in its bankruptcy case."
The pleadings ask for dismissal of Dopp's claims, reimbursement of all fees and costs incurred in having to respond, and injunctive relief preventing Dopp from making future filings.
In a ruling on Aug. 26, a U.S. Bankruptcy Court judge here determined that the matter should be referred to the U.S. Attorney's Office for potential investigation.
The basics
According to Dopp's filing, just days after Mooney filed a bankruptcy reorganization plan on Nov. 26, 2001, a delegation from AASI -- including Happy -- expressed interest in purchasing Mooney's assets in Kerrville.
In December of that year, Dopp's filing alleges, "a meeting was held at Miami's Airport between Dopp and others claiming to represent AASI, including Happy, Roy Norris, Sam Rothman, Shalom Babad and Joseph Sarachek."
In this meeting, the filing contends, "Sarachek, president of Balfour Advisors of NYC, represented that he had very unique and personal relationships with Congress Financial, (Mooney's) controlling and largest secured creditor."
Also at this meeting, according to Dopp's court pleadings, AASI agreed to jointly participate in the reorganization plan that Mooney had filed in November and "a binding agreement was executed between the parties" on Dec. 28.
However, the response filed by Happy and his co-defendants argues that AASI had only entered into a "non-binding letter" of agreement with AVAQ Group Inc., Mooney's sole shareholder at the time. Dopp also was chairman of AVAQ.
Opposing view
The court pleadings filed by Happy further argue that "Dopp had no control" over Mooney because the bankruptcy court "had previously entered an order on Aug. 21, 2001, divesting (Dopp) of any managerial power or control over Mooney."
As a result, the reorganization plan filed by Dopp was "struck on Feb. 11, 2002, by the bankruptcy court" and "no joint venture agreement between AASI and AVAQ or Mooney was ever prepared," court documents state.
At that point, according to Happy's pleadings, AASI began looking at alternative methods to acquire Mooney's assets and later purchased the note and lien rights of Congress Financial, becoming Mooney's primary secured creditor.
The deal outlining the proposed sale of Mooney's assets, the pleadings contend, was filed and made public "to all creditors and other parties of interest as required. ... After approval of the sale order, the transaction was closed" and AASI "restarted airplane manufacturing operations."
Happy's court pleadings claim that "there has been no fraud."
In addition, the pleadings allege that Dopp is seeking "some money payment after refusing all settlement offers in the District Court litigation and then losing completely."
The other side
Dopp's pleadings in the case contend that Happy and AASI have perpetrated a fraud upon Mooney and its investors.
By way of example, Dopp, in his court pleadings, claims that two days prior to the Dec. 28 agreement, Happy listed in an e-mail his primary source of capital as "Bawag Bank of Austria."
The bank, Dopp alleges in the court filings, whose full name is Bank fur Arbeit und Wirtschaft AG, had been "previously mentioned in" U.S. and international media articles "regarding certain questionable activities ... ."
Dopp alleges in his pleadings that among those listed as "investing in AASI/MASG" from 2001 to 2003 were "diverse offshore tax-haven entities."
Furthermore, he charges in his filing that AASI's SEC Form SB-2, filed Dec. 12, 2001, listed AASI's total current and long-term lease obligations at about $10 million.
However, in the spring of 2004, Dopp's filing alleges, "an arbitrator and California judge ruled" that AASI/MASG owed approximately $24 million on "its defaulted Long Beach Airport leased premises."
On Jan. 30, 2002, Dopp contends in the court filing, AASI acquired Congress Financial's $13 million loan to Mooney and from that point on exercised "substantial control over the sale of the debtor's assets, while unilaterally denying any agreements with AVAQ and Dopp under the reorganization plan."
A few months later, in March, Dopp claims in his pleadings that AASI "agreed to purchase the assets of (Mooney) and ... deliberately conveyed worthless shares and notes to the debtor's estate."
The filing alleges that in the summer of 2003, L. Peter Larson, former CEO and CFO of AASI/MASG, told Dopp that he had resigned from his post in November 2002 because "he was concerned by what he believed to be money laundering activities being conducted by AASI/MASG investors at AASI/MASG."
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Martin Schlaff - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Martin_Schlaff
Wikipedia
Shady, 'thuggish' mogul Solomon Obstfeld ran with powerful ...
www.nydailynews.com/.../shady-thuggish-mogul-solomon-o...
Daily News
Friends Question 'Suicide' Of "Shady" Hasidic Real Estate ...
failedmessiah.typepad.com/.../friends-question-suicide-of-shady-hasidic-...
Collapse of Refco; the Take-down of National Heritage Life; and ...
www.rumormillnews.com/cgi-bin/forum.cgi?read=210424
The Next Level :: View topic - Mary Helburn,Anti-Naked Shorting ...
Jul 20, 2010 - 15 posts - 4 authors
LH Financial also has ties to Martin Schlaff, an Austrian billionaire who is one of Bawag's biggest individual customers. Schlaff is a partner with ...behind the rot of REFCO | Elite Trader
wolfblitzzer0: Mooney Airplane Company Texas,Socata ...
wolfblitzzer0.blogspot.com/.../mooney-airplane-company-texassocata.ht...
Criminal charges against Badian - OffshoreAlert
Aug 13, 2011 - 27 posts - 20 authors
Laurus Master Fund, Ltd. Eugene Grin Eugene Grin .... SEGMENT OF POST ATSILICON INVESTOR ..... Mooney is an AMRO deal; LH Financial (http://www.lhfin.
Missing: kerrville
Marvin Bush,Securacom,9/11,Virginia Republican George ...
cleveland.indymedia.org/news/2006/10/22982.php
Missing: kerrville
http://www.businessinsider.com/unresponsive-plane-shares-address-buckingham-properties-2014-9
Crashed Plane Linked To Real Estate Company CEO
An "unresponsive" plane that entered Cuban airspace on Friday was registered to a limited liability corporation housed at the same address as Buckingham Properties, a company that describes itself as "Rochester, New York’s largest and most diverse real estate development and property management company."
The AP is reporting Jamaican officials confirmed the plane crashed on the island after leaving Cuban airspace.
According to Buckingham Properties' website, the company owns and manages "more than 60 properties." It is led by its cofounder, CEO, and managing partner, Larry Glazer.
Buckprop.com
Larry Glazer
Glazer co-founded Buckingham in 1970. In July, Rochester City Newspaper published a profile of Glazer that began by saying, "Much of what you see when you catch a glimpse of the city's skyline is part of Larry Glazer's real estate empire. His biography on the Buckingham Properties website says Glazer began his career managing a private hedge fund after getting a Master's degree in finance at Columbia University in 1969. He became the CEO of a Rochester-based printing company in 1971 and began focusing on real estate when it was sold 12 years later.
Glazer's biography on the company site ended with a description of his family life and flying:
"Larry spends some of his spare time on the ground – gardening around his house with his wife, Jane; and some in the sky – flying his plane. Larry serves as President of the TBM Owners and Pilots Association."
Business Insider has made multiple calls and sent emails to Glazer and others at Buckingham to ask if any staffers were on board. We have not received a response.
The North American Aerospace Defense Command (NORAD), which had fighter jets escorting the plane before it entered Cuban airspace, said the people on board may have been suffering from hypoxia, or oxygen deprivation. Hypoxia can occur when aircraft cabins become depressurized and supplemental oxygen systems do not engage in time.
This post was updated at 2:45 p.m.
Read more: http://www.businessinsider.com/unresponsive-plane-shares-address-buckingham-properties-2014-9#ixzz3CTOxvMAL
Over 100 TBM aircraft at the 10th TBM owners and pilots ...
121five.com/stories_new.aspx?story_id=1106
Sun-N-Fun Race Results - Aircraft Spruce
www.aircraftspruce.com/sunfunraceresults1.php
Daher-Socata TBM 900 Makes EBACE Debut - Airsoc.com
airsoc.com/articles/view/id/.../daher-socata-tbm-900-makes-ebace-debut
Did A Chinese Company Buy Mooney Airplanes ...
www.businessinsider.com/did-a-chinese-company-buy-...
Business Insider
Mooney Aviation Company - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Mooney_Aviation_Company
Wikipedia
Missing: fraud
Marvin Bush,Securacom,9/11,Virginia Republican George ...
cleveland.indymedia.org/news/2006/10/22982.php
THE DAILY CMKX RANT #1 - THE PHOBOS - CMKX ...
hundredtoone.websitetoolbox.com/.../THE-DAILY-CMKX-RANT-1-84...
Mooney Airplane Company - my Jet Review
myjetreview.com/html/mooney_airplane_company.html
Missing: fraud
MNYG - Mooney Aerospace Group, Ltd. | Stock Discussion ...
www.siliconinvestor.com/subject.aspx?subjectid=53179
Missing: fraud
Grin brothers,David and Eugene,do Riviera Tool Company
www.offshorealert.com/forums.aspx?id=-1'&g=posts&t=38792
Aug 13, 2011 - 5 posts - 5 authors
... protect the guilty ? Mooney Aerospace Group Ltd .... s Cerberus hedge buy Bawag and cover up this ongoing fraud ? How did John Snow's ...Dominion Aviation feels exonerated by NTSB report | www ...
www.chesterfieldobserver.com/.../Dominion_Aviation_feels_exonerated...
[PDF]DKC: Notice of merger [MISC] - Amstock.com
www.amstock.com/.../CA13812_Mooney%20Notice%20of%20Merger%...
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