Private Jet Charter: If the price is too good to be true, it might be

The recent JetLux indictment alleging over $2 million in credit card fraud may have been enabled by bargain hunting customers

Private jet charter brokers are often harangued for not having to disclose their mark-ups. The assertion is they are charging whatever the market will support, and savvy customers can negotiate better deals.

Several websites have launched in recent years connecting consumers directly with jet operators, ostensibly cutting out the middleman or at least the commissions. They claim to offer wholesale pricing making money via membership fees.

Of course, if you use them, you need to be experienced enough to know what questions you should be asking the operators to ferret out the flowers from the weeds.

Private Jet Fraud: Are more indictments coming in the JetLux case?

One private jet charter operator force posted nine transactions for more than $440,000 over a span of over five weeks while another posted fraudulent charges more than three months apart

In the recent indictment against private jet charter broker Tomer (Tom) Osovitzki covering his tenure as CEO of Jetlux, the names of all of his alleged victims, including 15 different private jet charter operators and at least one National Basketball Association team were redacted.

While indictments often redact names to protect victims, they also redact names of persons or organizations that may still be under investigation and could be subject to future charges.

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