Davin Pokoik claims a ‘Ponzi-like scheme,’ targets BAJit, other entities tied to OneFlight CEO Ferren Rajput.
The fourth known lawsuit against OneFlight International since it grounded flights on September 16, 2026, is from Davin M. Pokoik.
It shows a similar pattern of selling more flight hours to existing clients who already had large balances.
That pattern was shown in three prior lawsuits.
Private Jet Card Comparisons also reported that prepaid losses could exceed $300 million, rather than the originally reported $150 million.
Pokoik’s lawsuit expands defendants to other companies tied to OneFlight Founder and CEO Ferren Rajput.
It names ONEflight Jets, Inc., d/b/a ONEflight International, BALCC Holdings, LLC, d/b/a ONEflight International, and ONEflight International, Inc., d/b/a BAJit, in addition to Rajput.
Connecticut-based Pokoik says, “Treating the three entities as separate would allow Rajput to shield the OneFlight business’s assets from its customers, and disregarding their separate corporate forms would achieve an equitable result.”
Jetstyle Concierge, Inc., another company affiliated with OneFlight, however, was not named.
Pokoik says he paid OneFlight $465,000 in membership fees and for prepaid flights.
His most recent payment was $200,000 in July 2026.
He currently has $100,244.68 in cash deposits and $427,333.44 in flight credits.
The lawsuit seeks “treble the amount of actual damages established by clear and convincing evidence of defendants’ bad faith conduct.”
Pokoik is the second customer to allege a Ponzi-type scheme.
His lawyers write:
‘On information and belief, instead of holding its customers’ prepaid funds in a dedicated escrow account, OFI, at Rajput’s direction, absorbed Pokoik’s and other customers’ cash into its operating capital as part of a Ponzi-like scheme and now lacks the liquidity to compensate its customers for their estimated $150 million in deposits with OFI. As recently as two months before OFI’s shutdown, OFI induced Pokoik to deposit an additional $200,000 into his member account through a “limited offer” that required Pokoik to pay within two days, while concealing that OFI was unable to pay the direct air carriers that operated its customers’ flights.’
An analysis of sales data obtained by Private Jet Card Comparisons from earlier this year shows most transactions coming via deeply discounted deals.
In one four-week span, 58% of 124 deals included complimentary flight credits.
The average free credit was over $175,000 per deal, plus credits that were based on the cash paid.
While the broker took in over $22 million in cash for future flights – deferred revenue – it did so while offering more than $13 million in bonus flight credits.
Four customers also earned a free one-week superyacht cruise; others got discounted $30,000 round-trip flights to Hawaii, and still more received 10 free hours on a large cabin jet.
Pokoik alleges the private jet company’s “extensive marketing efforts was to inspire public trust and confidence in OFI’s brand and project the image of a thriving corporate enterprise, when, in reality, unbeknownst to its customers, OFI was subsidizing its extravagance with their prepaid funds.”
The jet card flyer points to “millions of dollars on marketing campaigns featuring high-profile celebrity ambassadors and television personalities, including but not limited to Shark Tank’s Robert Herjavec and Kevin O’Leary.”
It also notes sponsorships with the PGA Myrtle Beach Classic, TGL, and McLaren Racing.
Pokoik also cites OneFlight’s use of its Wyvern- and Argus-certified broker status.
The lawsuit alleges that “unbeknownst to its customers, OFI was subsidizing its extravagance with their prepaid funds.”
The filing adds the marketing was “intended for it to induce existing and prospective members, including Pokoik, to continue depositing funds with OFI while concealing OFI’s impending collapse.”
Pokoik says he first learned about OneFlight after seeing its ads on CNBC.
He initially selected the Silver BAJ Card membership tier.
That program required a $15,000 annual fee.
Members were then required to deposit at least $100,000.
The program allowed members to continue on a pay-as-you-go basis for up to 25 flight hours per year.
However, before the ink was dry, Pokoik was offered $250,000 in bonus credits and 10 complimentary non-expiring hours on an OFI corporate Gulfstream if he wired the Colorado-based company $250,000, which he did.
Pokoik notes that, by OneFlight’s own rate card, the Gulfstream hours were worth around $150,000.
That gave him around $650,000 in flight credits for $265,000.
On July 15, he was pitched to upgrade to a Sapphire membership, and he paid a total of $200,000, gaining $200,000 in bonus credits.
That brought the total cash he gave OneFlight to $465,000.
DOWNLOAD: Pokoik_v_ONEflight_Jets_Inc_et_al
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