Million-dollar galas, celebrities and a PGA tournament: Inside the collapse of a Colorado private jet broker
Nearly a dozen lawsuits filed by customers in the past month allege the company and its CEO, Ferren Rajput, operated the business like a classic Ponzi scheme. OneFlight International, a Colorado private jet broker, has been hit hard by lawsuits alleging the company operated like a Ponzi scheme. The company, which offered to fly private without owning a plane, was hit hard with rising operating costs and unsustainable promotions this year, leaving it increasingly insolvent. Despite these challenges, OneFlight continued to hire more employees and aggressively pursue new business in an effort to keep the lights on. Since the company's collapse, its celebrity ambassadors and sports league partners, including the PGA Tour and a Formula 1 team, have distanced themselves from the company. The CEO, Ferren Rajput, previously served time in federal prison for tax evasion and has been sued for not paying bills, taxes and rent.
نشرت : منذ 3 ساعات بواسطة Sam Tabachnik في Business
Hundreds of people clad in black-tie attire filled a ballroom at the Hyatt Regency hotel in downtown Denver late last year to celebrate and revel in a Colorado startup’s success.
Billed as an “evenin... [16860 symbols]
المواضيع: Golf
