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Former CEO of Private Jet Charter Company Sentenced for Bankruptcy Fraud

On April 22, 2022, the U.S. District Court for the Eastern District of Virginia sentenced Alan Russell Cook, Sr., former President and CEO of Metropolitan Aviation, to 30 months' incarceration, 36 months' supervised release, $365,961 in restitution, a forfeiture of $177,383, and an $800 special assessment. On December 7, 2021, Cook was convicted of bankruptcy fraud, false statements and falsification of records in relation to a bankruptcy proceeding, and false bankruptcy declaration.
 
The investigation revealed that between April 2016 and November 2017, Cook schemed to hide assets from creditors in a bankruptcy proceeding by transferring them to another individual. According to evidence presented at trial, Cook transferred over $350,000 to a former girlfriend, and directed that bank accounts be opened in the former girlfriend’s name and the name of a fake company to receive personal property and revenue from Metropolitan Aviation. In addition, Cook made several false statements under oath at the meeting of the creditors.