Theodore Robert Wright III
Posted on 07/31/2017 7:32:49 AM PDT by KeyLargo
Galveston County men accused of destroying airplanes, defrauding insurance companies
By MATT DEGROOD The Daily News Jul 29, 2017 2
Two Galveston County men face multiple wire fraud charges in what federal law enforcement officers allege was a plan to destroy aircraft and other vehicles for insurance money, according to an indictment unsealed Tuesday in federal court.
Theodore Robert Wright III, of Kemah and Las Vegas, and Shane Gordon, of League City, were among four people charged with fraud and conspiracy in the U.S. District Court Eastern District of Texas in Tyler, records show.
Both men are charged with one count of attempt and conspiracy to commit wire fraud, three counts of wire fraud, one count of conspiracy to violate the U.S. Constitution, one count of arson of property used in interstate or foreign commerce and one count of use of fire to commit a felony, court records show.
Wright and Gordon are listed as owners and managers of several corporations and businesses that were used to launder money from the conspiracy, the indictment asserts.
Raymond Fosdick, of South Carolina, and Edward Delima, of Hawaii, were also charged in the indictment.
The men would acquire different vehicles — including a 1966 Beechcraft Baron, a Lamborghini Gallardo and a 1971 Cessna 500, among others — insure them, destroy the vehicles and then collect the insurance money, according to the indictment.
The conspiracy lasted from March 2012 to March of this year, according to the indictment.
Wright purchased the 1966 Beechcraft Baron for $46,000 in March 2012 via two of his corporations, Government Auctions Online and Sly International Holdings, according to the indictment.
Following the aircraft’s purchase, Wright insured it for $85,000 through payments from the same two corporations, according to the indictment.
(Excerpt) Read more at galvnews.com ...
Theodore Robert Wright III
Size does matter.
IMHO, it takes a particularly vile form of bachelor’s child to destroy an aircraft for no reason other than greed.
That plane could have been flying generations from now.
Rant off.
Yes, sorry. Mod should delete the image.
Anyway here is the video the claimant made:
https://www.youtube.com/watch?v=HAvOQ_lgP2o
AVIATION PING
Senseless destruction, especially for greed, angers me greatly.
Should have saved a few bucks to fix his teeth
Do these idiots not know that insurance companies share databases of claims and an unusual number of claims will set off alarms?
Tough job destroying aircraft.
Crash the plane then walk away..... to collect the insurance money.
During the Savings and Loan debacle we were looking at buying some of the loans.
Lots of shady characters were buying the loans also.
I remember looking at one loan backed by a pretty nice airplane. Read a little further and the plane had a lot of salt water damage from flying low over the ocean with drugs. Read a little further and it was seized by the feds.
I put a zero value on the loan but it was just what the shady characters were looking for to launder their money. They would show full collection on the loan.
I have been watching Netflix original ‘OZARK’ series about an accountant that works for a Drug kingpin as his money launderer.
I like the series so far.
TV review: Netflix’s ‘Ozark’ is dark, addictive
By Gail Pennington St. Louis Post-Dispatch Jul 21, 2017
Getting the plane is easy. The hard part usually is getting the logbook.
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