Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Baltia Air Lines Inc (BLTA) Message Board

The president of a Kings Park airplane parts suppl

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 41414
Posted On: 03/01/2016 1:15:26 PM
Posted By: Joseph62
The president of a Kings Park airplane parts supply company, who had been disqualified by the government for providing defective parts, was charged Monday with continuing to supply $2.8 million worth of parts through shell companies, according to court papers.
Paul Skiscim, 62, of East Northport, the operator of Aerospec Inc., had supplied fasteners, such as rivets, under government contracts between 2003 and 2013, but he and the company were disqualified for supplying defective parts, Assistant U.S. Attorney for the Eastern District Charles Kelly said in court papers.
After he was barred, however, Skiscim set up a series of shell companies, using the names of relatives or fictitious people, and continued to bid on and win contracts, and supply parts, according to an investigation by the Pentagon’s Defense Criminal Investigative Service.
An unspecified number of the parts provided after Skiscim was declared ineligible were defective or did not meet specifications, the papers said.
The fasteners are used to ensure the structural integrity of aircraft.
The parts were intended for use on a number of military aircraft, including the B-52 bomber and the C-5 military transport, sources said.
The defective parts failed to meet the required strength and composition specifications, officials said. There is no indication in the court papers that any parts failed in use or caused accidents.
Sources said the investigation is continuing.
Although Skiscim’s shell companies had different bank accounts to accept government payments, Skiscim actually secretly controlled them, the papers said. Among the shell companies Skiscim set up were Sun Tech Air Parts, Aerocon Corp. and Specialty Components, the court papers said.
“It is critical that federal aircraft, including military aircraft, be built with the best parts available,” U.S. Attorney for the Eastern District Robert Capers said in a statement. “The defendant’s alleged scheme . . . not only violated the law but showed a callous disregard for the safety of federal employees and our military.”
At arraignment, Skiscim was not required to enter a plea.
If convicted on a charge of fraudulently selling defective airplane parts, Skiscim faces up to 10 years in prison. His attorney could not be immediately reached for comment.
Skiscim was released on a $1 million bail by U.S. Magistrate


(9)
(0)




Baltia Air Lines Inc (BLTA) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  


Wheels Up!




Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us