Wednesday, July 9, 2014

Fraud lands airplane repair executive in prison

William Hugh Weygandt, 64, of Granite Bay, the former owner and president of WECO Aerospace Systems Inc., has been sentenced to two and a half years in prison, according to U.S. Attorney Benjamin Wagner.

In November 2013, after a three-week trial, a federal jury found Mr. Weygandt guilty of conspiracy to commit fraud involving aircraft parts repair.

“The jury verdict, conviction, and evidence demonstrated that Weygandt was the leader of a company engaged in fraud over a number of years,” said U.S. District Judge John Mendez at Tuesday’s sentencing. “He had the ability to stop the fraud.… This was, remains, and will always be a serious offense.”

WECO was a Federal Aviation Administration-certified repair business with facilities in Lincoln and Burbank, founded by Mr. Weygandt’s father in 1974.


Read more here:   http://www.centralvalleybusinesstimes.com

No comments: