UNITED AVIATION GROUP OWNER JONATHAN WOLPE HAS BEEN ARRESTED
The owner of UNITED AVIATION GROUP (South Africa) Jonathan Wolpe was arrested today in Johannesburg, as the editors of the Global Aviation Register of Defaulter companies BLACKLIST.AERO have just learnt.
This was reported to us by EYEWITNESS NEWS journalist Orrin SINGH who previously described one of Jonathan Wolpe's fraud episodes in his article. It was on this episode that Volpe was arrested. It is hoped that in the future he will be held legally accountable for his other acts that we wrote about earlier.
After BLACKLIST.AERO wrote about Jonathan Wolpe's debts a year ago and many contractors stopped working with him, he had a choice: either sell some of his considerable real estate and at least some of his favourite thoroughbred horses in order to pay his debts and restore his good name.
Or embark on more and more scams just to maintain his luxurious lifestyle, organizing horse racing tournaments and football competitions under the auspices of the UNITED AVIATION GROUP. He chose the second, and here is the result... The other heroes of our articles also always have a choice. I wish they would not repeat the mistakes of Jonathan Volpe, but reality tells a different story.
The BLACKLIST.AERO editorial staff will continue to follow the fate of one of the main actors of the cases in the BLACKLIST.AERO Register.
P.S. End how he jumped, how he jumped...
Artem Degtiarov, Chief editor at BLACKLIST.AERO
Creditors of SmartLynx Unite Under the Auspices of BLACKLIST.AERO
A criminal investigation has been opened into suspected fraud involving the management of SIA Smartlynx Airlines and the alleged fictitious sale of the airline to a new owner. BLACKLIST.AERO learned this information from a source familiar with the investigation. The case was initiated after a complaint was filed with the police by one of the creditors. It is also possible that additional complaints have been submitted by other defrauded counterparties of Smartlynx.
Over the past week, investment analysts from companies holding Avia Solutions Group (ASG) bonds have contacted me twice, asking for a more detailed explanation of the SmartLynx bankruptcy. Their biggest concern is that the same situation could repeat with other companies within the ASG holding.
The covert bankruptcy—legally framed as a “restructuring”—of SIA SmartLynx Airlines (Latvia), along with the highly probable collapse of SmartLynx Malta and SmartLynx Estonia in the near future, has become more than just a landmark event for the aviation market. Its consequences may amount to a full-fledged default tsunami, triggering a cascade of multimillion-euro non-payments across the industry.
