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People Express airline founder indicted on fraud charges in Newport News airport scandal

The former CEO of the defunct airline People Express, which briefly operated thanks to $4.5 million in secret financing from the Newport News/Williamsburg International Airport, has been indicted on 18 charges of fraud and tax evasion. Michael D. Morisi, founder of the airline, was charged with defrauding creditors of nearly $448,000, with most of that going to pay himself and other senior executives of the startup airline in the months after it ceased operations — while he was telling creditors… ( More...

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