UberJets denies ties to defunct jet card broker JetCard Plus

JetCard Plus, a private jet charter broker, closed earlier this year after it was hit by a $220,000 judgment in favor of Treasury Secretary Steve Mnuchin

Paul M. Svensen is registered as manager of UberJets LLC in Massachusetts and listed as CEO on its NBAA membership page. His LinkedIn profile still lists him as sales director of JetCard Plus

Paul A. Svensen Jr. was CEO of JetCard Plus, which is no longer an active company, and before that, COO of Jet Network LLC, a jet card seller that went into bankruptcy around 2007

In 2016, Paul A. Svensen Jr. registered another aviation business at the same Hingham, Massachusetts, address where Paul M. Svensen registered UberJets LLC, in August 2017

FlyUberjets.com promises members savings on full aircraft charters and empty leg flights

UberJets LLC denies any affiliation to Paul A. Svensen Jr. or JetCard Plus

UberJets LLC, a charter broker selling private jet memberships from a Park Avenue address in New York City promises “unlimited access to book and travel worldwide to luxury lifestyle destinations.”

It denies having any affiliation to a private aviation company that closed earlier this year amid litigation and a top executive, Paul A. Svensen Jr., who was CEO of that company and COO of another that also failed.

Jetlux CEO arrested for wire fraud and aggravated identity theft

Private jet rental broker Tomer Osovitzki allegedly made over $2 million in fraudulent charges

Jetlux was named in a 2018 lawsuit by charter operator Silver Air suing Kim and Khloe Kardashian for $225,353 in unpaid charter bills

Tomer (Tom) Osovitzki, who served as chief executive officer of Florida-based private jet broker Jetlux from April 2015 through February 2019, was arrested in Aventura, Florida, in May for wire fraud and aggravated identity theft.

According to just-released court documents received by Private Jet Card Comparisons, he was held in jail until mid-July when was transferred to house arrest after posting $500,000 bail

According to the charges brought by the United States Attorney for the Southern District of New York, “As alleged, Tomer Osovitzki manipulated the approval system for credit cards to push charges through that he knew were unauthorized and would have been declined.  Additionally, Osovitzki allegedly used his clients’ credit card account information to make unapproved charges.  Now, Osovitzki and his company are grounded and he must answer for his crimes.”

Arbitrator approves $6 million JetSmarter Class Arbitration Settlement; Court date to confirm settlement scheduled

A dozen lawsuits brought by unhappy members have recently been referred to arbitration in separate actions

Ellen Leesfield, the arbitrator overseeing the class action settlement between JetSmarter and its members, approved the agreement on July 11, 2019. The next step will take place on Aug. 22 when a judge in Miami-Dade County will need to decide whether or not to confirm the arbitrator’s decision.

In her ruling, Leesfield, a former judge, overruled several objections writing, “Plaintiffs and the class faced a multitude of serious, substantive defenses, any one of which could have precluded or drastically reduced prospects of recovery.” She also noted JetSmarter has “consistently denied liability and indicated an intention to vigorously pursue its potential defenses.”

JetSmarter

As of June 27, settlement administrators received 1,567 claim forms and 101 requests for exclusion. Previous reports had indicated close to 12,000 current or former members of the jet sharing service could be eligible.

Cash payments are expected to range between $250 and $21,000 with nearly $3 million to be split between the class and a similar amount going to the lawyers who represented the plaintiffs.

JetSmarter Class Action Arbitration Settlement could be scuttled

JetSmarter

A petition to vacate the proposed class arbitration awards in the case of JetSmarter could lead to more filings, say several lawyers

“It’s never over till it’s over,” said the late Yankees’ Hall of Fame catcher Yogi Berra. And, the city so nice they named it twice is at the center of one former JetSmarter member’s effort to vacate the current class action arbitration against the jet-sharing company that is currently moving through the system in Florida.

Former JetSmarter member Derek Milosavljevic is seeking to put a stop to the proposed Class Action Arbitration settlement currently taking place in Florida.

A petition filed in the United States District Court, Southern District of New York is seeking to scuttle a proposed class action arbitration settlement that is due to be approved as soon as early July.

CNBC reports the FBI and US Attorney have questioned JetSmarter customers

JetSmarter

Two former customers of the private jet-sharing service told the cable news network they were interviewed by law enforcement in March

JetSmarter is hoping to put its troubles behind it. Earlier this month, without admitting guilt, it agreed to settle a class action arbitration for $6 million. It also agreed to be acquired by Dubai-based Vista Global, parent of VistaJet and XOJET. However, a CNBC report yesterday says JetSmarter may be under investigation.