“"My model for business is the Beatles. They were four guys who kept each other’s kind of negative tendencies in check. They balanced each other, and the total was greater than the sum of the parts. That’s how I see business: great things in business are never done by one person, they’re done by a team." ”
Charter Operator Pleads Guilty to Fraud
Andre Budhan, a cofounder of defunct charter operator Platinum Jet, has pleaded guilty in U.S. District Court to conspiracy to defraud customers and brokers and impede and obstruct the FAA. The case stemmed from the 2005 crash of a Challenger 600 following takeoff at Teterboro (N.J.) Airport. Budhan, who admitted that he and his coconspirators booked and operated about 100 illegal flights, faces 46 to 57 months in prison. He will also have to pay restitution to his victims and hundreds of thousands of dollars in fines. His five Platinum Jet codefendants have all pleaded not guilty and are scheduled for trial in January.