Edgewater Man Charged in Plane Parts Fraud Scheme
A northern New Jersey man has been charged with running a scheme to sell airplane parts that had been scrapped or rejected.
Gideon Vaisman of Edgewater appeared in federal court in Newark Tuesday to face a wire fraud conspiracy charge that carries a 20-year maximum sentence. He was released on $1 million bond, secured by equity in his home.
The U.S. Attorney’s Office says Vaisman and others bought scrapped airplane engine parts and created fake paper trails to hide the fact that they’d been rejected by licensed repair facilities.
The parts allegedly were cleaned and sanded at a facility in Suffern, N.Y., and ultimately sold to aircraft owners.
It wasn’t immediately known if any of the parts contributed to any airplane incidents or accidents.
Vaisman’s attorney declined comment Tuesday.
(Copyright 2013 by The Associated Press. All Rights Reserved.)