Theodore robert wright iii business plan

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Theodore robert wright iii business plan

Athens plane fire part of federal indictment for four men accused of insurance fraud

In Septemberthe Athens Fire Department was alerted to an airplane on fire at the airport. Reports show that Carroll Dyson, owner of Dyson Aviation, noticed the Cessna s cockpit on fire when he arrived.

The plane had been at the airport for about two weeks. Denton said part of the investigation was to determine why the plane was in Athens. According to information presented in court, Theodore Robert Wright III led a multi-jurisdictional fraud and arson scheme that spanned from Hawaii to the Gulf of Mexico and involved the destruction of various assets, including vehicles, aircraft and vessels.

Wright and his co-conspirators, Shane Gordon, 45, of Houston, Raymond Fosdick, 41, of Houston, and Edward Delima, 41, of Honolulu, acquired assets and obtained insurance coverage in amounts exceeding their purchase prices. Wright and his co-conspirators then devised and carried out schemes to destroy the assets and defraud insurance companies.

The assets destroyed in the scheme included a Beechcraft Baron, a Lamborghini Gallardo, a Cessna and a Hunter Passage.

The Beechcraft Baron made an emergency landing in the Gulf of Mexico, sank in deep water and was not recovered. The Lamborghini Gallardo crashed into a ditch full of water, causing the vehicle to flood. The Hunter Passage sank in a marina in Hawaii.

USA v. Theodore Wright, III :: Justia Dockets & Filings

Fraudulent insurance claims were filed in each of these incidents. On May 17, Wright, Gordon, Fosdick and Delima were charged with various offenses related to their conduct in the scheme in the Eastern District of Texas. At sentencing, Delima faces up to 20 years in federal prison.

Fosdick faces up to 20 years in federal prison for wire fraud conspiracy and five to 20 years in federal prison on the arson conspiracy count. Gordon faces up to five years in federal prison.

Sentencing dates have not been determined. It was prosecuted by Assistant U. Bales, Theodore Robert Wright III, 32, formerly of Kemah, Texas pleaded guilty before a judge to conspiring to commit wire fraud and conspiring to commit arson.

Wright was indicted in May along with three other men on charges of using fire to commit a felony and aiding and abetting, arson of property used in interstate or foreign commerce or used in an activity affecting interstate or foreign commerce, conspiracy to commit wire fraud, and wire fraud.

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All are accused of destroying vehicles, an aircraft and vessels to profit off insurance companies. The men are accused of damaging a Lamborghini Gallardo, a yacht in Hawaii, an airplane in the depths of the Gulf of Mexico, and a burned out plane in an Athens hangar. Wright, 32, a well-known pilot in the aviation world, was arrested June 28 in Las Vegas and is being held in the Gregg County Jail along with Fosdick, 31, who was arrested in South Carolina on July At sentencing, Wright faces up to 20 years in federal prison on the wire fraud conspiracy count and 5 to 20 years in federal prison on the arson conspiracy count.

Attorney Bales, Wright and his co-conspirators, Shane Gordon, 45, of Houston, Texas, Raymond Fosdick, 41, of Houston, Texas, and Edward Delima, 41, of Honolulu, Hawaii, acquired assets and obtained insurance coverage in amounts exceeding their purchase prices.

The assets destroyed in the scheme included a Beechcraft Baron, a Lamborghini Gallardo, a Cessnaand a Hunter Passage.

theodore robert wright iii business plan

The Beechcraft Baron made an emergency landing in the Gulf of Mexico, sank in deep water, and was not recovered. Fraudulent insurance claims were filed in relation to each of these incidents. Fosdick faces up to 20 years in federal prison on the wire fraud conspiracy count and 5 to 20 years in federal prison on the arson conspiracy count.

Gordon faces up to 5 years in federal prison. Each is named in a federal indictment as having been destroyed by four men whom investigators say intentionally destroyed vehicles, aircraft and vessels to profit off insurance companies.

Theodore Robert Wright III, Shane William Gordon, Raymond Fosdick, and Edward Delima were indicted May 17 on charges of using fire to commit a felony and aiding and abetting, arson of property used in interstate or foreign commerce or used in an activity affecting interstate or foreign commerce, conspiracy to commit wire fraud, and wire fraud.THEODORE ROBERT WRIGHT, III, Defendant-Appellant Appeal from the United States District Court for the Eastern District of Texas USDC No.

CR Before WIENER, DENNIS, and .

Three others convicted in wire fraud case

Thursday, Theodore Robert Wright III, formerly of Kemah, Texas, was sentenced to 65 months in federal prison and ordered to bay $, in restitution. Theodore Robert Wright III, left, Shane William Gordon, center, and Raymond Bruce Fosdick.

EAST TEXAS (KLTV) - An East Texas pilot has pleaded guilty to federal wire fraud and arson charges. According to U.S. Attorney John M. Bales, Theodore Robert Wright III, 32, formerly of Kemah, Texas pleaded guilty before a judge to conspiring to commit wire fraud and conspiring to commit arson.

Theodore Robert Wright III ・ Shane William Gordon ・ Raymond Bruce Fosdick ・ Edward Delima A year-old Kemah man pleaded guilty in federal court this week for conspiring to commit wire fraud and commit arson in a fire at Athens Municipal Airport.

A Texas pilot who survived a Gulf of Mexico plane crash and used an iPad to record his time in the water acknowledges it was insurance-related fraud. Theodore Robert Wright III pleaded guilty.

Instagram and Facebook star arrested for insurance fraud. Instagram and Facebook star arrested for insurance fraud | Insurance Business Prosecutors say that Theodore Robert Wright III,

Theodore Robert Wright III Archives - Insurance Journal