Mnuchin asserts UberJets ties to JetCard Plus and Paul A. Svensen, Jr. in lawsuit follow-up

By Doug Gollan, April 12, 2020

The U.S. Treasury Secretary is still looking recoup nearly $220,000 he lost to defunct private jet charter broker JetCard Plus

In yet another lesson showing it doesn’t matter who you are, it pays to do proper research before you buy into a jet membership program, the check wasn’t in the mail.

U.S. Secretary of the Treasury Steven T. Mnunchin still hasn’t received the $219,623 judgment he won from JetCard Plus and its former CEO Paul A. Svensen, Jr. last May in a Florida Court.

That’s according to court documents recently published by the Supreme Court of the State of New York.

UberJets private jet membership
Court filings by U.S. Treasury Secretary claim monetary transfers from defunct JetCard Plus to UberJets

Now lawyers for Mnuchin are targeting another private jet charter broker, Uber Jets, LLC, in the hopes of getting back their client’s money.

Paul A. Svensen, Jr. was in leadership positions at two jet card brokers that failed. After JetNetwork’s bankruptcy more than a decade ago, his new vehicle became JetCard Plus.

JetCard Plus closed its doors last year after Bloomberg first reported Mnuchin’s judgment against it.

Then on Sept. 11, 2019, after a tip, Private Jet Card Comparisons published an investigative report linking JetCard Plus and Svensen, Jr. to Uber Jets, LLC.

Our report tied the private aviation executive’s son Paul M. Svensen to UberJets, LLC via a combination of social media and official business filings in Florida, New York, and Massachusetts.

A company representative told us, “Any claims you personally may make in your website’s article that UberJets is affiliated to any of the mentioned companies is baseless and simply not factual.”

Monetary Transfers from JetCard Plus to Uber Jets

Mnuchin’s lawyers apparently disagreed.

According to documents filed Jan. 15, 2020 with the Supreme Court of the State of New York, on Sept. 20, 2019, nine days after our article, Mnuchin served subpoenas on both Svensens at the Manhattan office for UberJets, LLC we identified.

“UberJets is owned by Paul M. Svensen, the son of JetCard’s founder and former executive Paul A. Svensen Jr. ,” read the plea from Mnuchin filed in New York.

It continued, “Bank records obtained by STM (Mnuchin) show significant monetary transfers from JetCard to UberJets and Paul M. Svensen. STM has been unable to obtain any evidence showing that the transfers served legitimate business purposes.”

Mnuchin’s most recent filing in New York seeks records from UberJets LLC. It also seeks to have Svensen pere et fil deposed “because it will confirm whether or not the Third Parties are currently in possession of assets that rightfully belong to STM pursuant to the Final Judgment.”

A notice dated Feb. 4, 2020, from the judge, gave 45 days for a response, however, there are no additional updates that have been posted on the Court’s website. As of March 15, the Court is limiting its business only to essential activities due to the COVID-19 Coronavirus pandemic.

Lawyers for Mnuchin didn’t respond to our request for comment. The remains active selling memberships with claims to serve “top achievers in sports, business, and entertainment.”

During April, Private Jet Card Comparisons is donating $75 from every subscription to Feeding America’s COVID-19 Relief. This small amount ensures delivery of over 750 meals to those in need.

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