Virginia CEO convicted of bankruptcy fraud charges

The CEO of a private jet charter company in Virginia has been convicted of several fraud charges related to a bankruptcy case in which he discharged more than $ 6 million in personal debt, according to a federal prosecutor.

ALEXANDRIA, Virginia (AP) – The CEO of a private jet charter company in Virginia has been convicted of multiple fraud charges relating to a bankruptcy case in which he discharged more than $ 6 million in personal debt, according to a federal prosecutor.

The United States Attorney’s Office for the Eastern District of Virginia said Alan Russell Cook, Sr., 64, of Reston has filed for Chapter 7 bankruptcy in his individual capacity as President and CEO of an aviation company.

Prior to the filing, Cook transferred over $ 350,000 to his ex-girlfriend and opened accounts for her in his own name and in the name of a bogus business to receive his personal property and business income, the reports said. prosecutors.

Cook also failed to disclose several bank accounts and over $ 50,000 in casino withdrawals. At a meeting of his creditors, Cook made false affidavits, including that his business was closed for four to five months and made no money in 2017, when it actually did generate income. every month that year.

Cook further failed to disclose payments made for his girlfriend’s luxury vehicle and her access to the fraudulent bank account.

Cook faces up to 20 years in prison when convicted in April 2022.

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Janet E. Fishburn