Two men have been accused by investors of duping them out of millions in
Ponzi schemeinvolving an aircraft parts scam. The alleged investment scam was operated
through Fort Lauderdale-based Military Air Parts International where investors
were told that U.S. military cargo plane parts were being resold for profits
to foreign air forces around the world.
Former Air Force officer Roger Bruce Green, of Stuart, and Victor Eugene
Brown, of Hollywood, have been accused by investors of soliciting millions
of their dollars in the alleged
Though no charges have been brought forth, both men are currently under
investigation by the Florida Department of Law Enforcement for grand theft,
racketeering, and fraudulent transactions from 2005 through 2006. Reports
indicate that the federal government is also looking into the case
According to a search warrant filed in Miami-Dade Circuit Court, the company
raised at least $4 million from more than a dozen unsuspecting investors.
They were told that they would receive returns of between 15 and 30 percent
within three to six months. The company dissolved in 2007.
Investigators say that the company claimed it was buying used aircraft
parts and reselling them. However, it appears that the company may have
sold the same parts to multiple buyers.
At the law firm of David P. Meyer & Associates, we represent clients
who have been harmed by investment fraud. If you would like more information,
contact us by calling us or filling out our online form.