Owner of New Jersey Aviation Parts Company Indicted on Multiple Fraud Charges
On July 10, 2015, Gideon Vaisman, owner and president of Tara Technology Corp (Tara), was indicted by a federal grand jury in U.S. District Court, Newark, New Jersey, for conspiracy to commit fraud involving aircraft parts, mail fraud, wire fraud, conspiracy to commit mail and wire fraud, and subscribing to a false tax return.
Between 1990 and July 2009, Tara, an aviation parts broker, is alleged to have purchased scrapped aircraft engine blades and vanes from scrap metal dealers throughout the United States. The Federal Aviation Administration (FAA) deems scrapped aircraft parts as permanently removed from commerce. Tara employees were alleged to have performed illegal maintenance (grip blasting and blending) on said parts and generated falsified trace paperwork to make them appear that they were coming from a legitimate source. Tara also set up two "front" businesses (i.e. Tara Aviation Ltd. and Shelby Enterprises) to launder the scrapped parts for resale and generate the false trace paperwork. Vaisman is also charged with subscribing to and filing false personal income tax returns by failing to include income he received from the sale of airplane parts.
We are conducting this investigation with the Internal Revenue Service, Criminal Investigation Division.
Note: Indictments, information's, and criminal complaints are only accusations by the Government. All defendants are presumed innocent unless and until proven guilty.