Roy Horridge, owner of grounded Houston-based Air Ambulance by B&C Flight Management, and William Sexton, a former mechanic and officer with the firm, were indicted last month for aircraft parts fraud and bank fraud. A federal indictment alleges that between January 1998 and August 2004, Horridge and Sexton submitted “false aircraft logbook entries as to repairs and maintenance of the B&C fleet.” The FAA in 2004 revoked B&C’s air carrier certificate and grounded its eight aircraft, mostly Learjets. The indictment also states that the defendants hid from a bank the fact of the FAA revocation to obtain loans of about $6.5 million.
Feds Charge Air Ambulance Operator
- September 18, 2006, 8:10 AM