Defunctairline From , joined Dec 1969, posts, RR:
Reply 6, posted (12 years 10 months 2 days 17 hours ago) and read 5874 times:
He has run away to his homeland. But someone of his familey still lives in Long Island, NY. The guy is sitting on 49 Million. Plus what ever he has in his son's bank account and his daughters. He owned 73% of Tower Air and collected at one point most of there 500 Million profits. That was in the good old days. The way the law works under a corporation his is not liable for Tower's debts. Infact he resigned May 1, 2000 after firing employees and collecting what they owed him. He was a nice guy though , just a tipical business man. He ran away fearing that he would get arrested by the SEC and the FBI, although he wouldn't get convicted I wouldn't want to be 63years old in central booking in NYC nor be held in jail overnight. and the police love to pick on rich people's crimes. If he got arrested his bank accounts whould be frozen.
P.S. did I mention that he charged up a storm on Tower's credit cards during the bankruptcy.
VirginA340 From United States of America, joined Jul 2005, 15 posts, RR: 0
Reply 8, posted (12 years 10 months 2 days 16 hours ago) and read 5869 times:
For tohse of you defending Morris; Get off the bad crack and look at the facts. He screwed pilots, mechanics and FAs out of $20 million in back pay. There was a website not long ago that is now defunct that was www.idemandloyalty.com. Tower's incident/accident rating was 13 times worse than the old Valujet. Tower owed millions to Revlon, Sears Tools and victoria's Secret (go figure that one ou) Like a coward he flees to Isreal to avoid possible prosecution by the IRS for back taxes.