Menu

Crime & Courts

NJ man charged with faking documents to sell scrapped and rejected airplane engine parts

A New Jersey man has been charged with running a scheme to sell airplane parts that had been scrapped or rejected.

The U.S. attorney's office says Edgewater resident Gideon Vaisman and others bought scrapped airplane engine parts and created fake paper trails to hide the fact the parts had been rejected by licensed repair facilities. Authorities say the parts were cleaned and sanded at a facility in Suffern, N.Y., and were sold to aircraft owners.

It's unknown if any of the parts contributed to any airplane accidents.

Vaisman appeared in federal court in Newark on Tuesday to face a wire fraud conspiracy charge that carries a 20-year maximum sentence. He was released on $1 million bond, secured by equity in his home. His attorney has declined to comment.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.32% up 4.27%  
15 Y Fixed Graph 3.29% up 3.27%  
30 Y Fixed Jumbo Graph 4.61% up 4.57%  
5/1 ARM Graph 3.34% dw 3.47%  
5/1 Jumbo ARM Graph 3.60% up 3.51%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% dw 4.47%  
$50K HELOC Graph 4.11% dw 4.17%  
$30K Loan Graph 4.98% dw 5.11%  
$50K Loan Graph 4.40% dw 4.55%  
$75K Loan Graph 4.40% dw 4.51%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.91% -- 2.91%  
36 M Used Graph 3.40% dw 3.44%  
48 M New Graph 3.16% dw 3.19%  
48 M Used Graph 2.90% dw 2.97%  
60 M New Graph 3.18% dw 3.22%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.67% dw 0.67%  
5 yr Graph 1.38% -- 1.38%