March 5, 2021: U.S. DOJ Charges Aircraft Title Firm over Owner-trust Issues
Update: 2021-03-08
Description
This week, AIN editor-in-chief Matt Thurber discusses federal indictments against Debra Lynn Mercer-Erwin, the owner of Wright Brothers Aircraft Title and Aircraft Guaranty Corp., and seven others. The various charges raise an important issue regarding the responsibility borne by owner trustees when it comes to helping a non-U.S. citizen purchase an aircraft and register it in the U.S. This case also could have implications for other entities that provide similar owner-trust arrangements.
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