STAR JETS INTERNATIONAL'S CASE: THE SOAP BUBBLE BEGINS TO BURST
Case regarding STAR JETS INTERNATIONAL Inc. (USA) became not just a wake-up call, but a real ALARM signal. Because the information has attracted the attention of large private investors who invested money in the company through the stock exchange. It quickly turned out that Ricky Sitomer had been making a fool of everyone for a long time.
For the administration of BLACKLIST.AERO and third-party investors Star Jets International Inc. it all started with a case created in the Registry. According to the information provided by Claimant in his case, Star Jets booked a charter that was “paid for” with a fake payment.
All further Ricky Sitomer’s promises to fix the situation and send money for the already completed charter did not have any positive continuation. Later, Ricky simply stopped answering emails and calls from Claimant, which prompted the latter to create a case in BLACKLIST.AERO.
The fact that this default is only the tip of the iceberg of debts became clear after the BLACKLIST.AERO Operations team began to study the activities of this company and contacted Ricky Sitomer’s partners, who are not directly involved in managing the company, but are its investors.
As it turns out, Ricky owes them large sums of money. BLACKLIST.AERO’s appeal made them seriously alarmed and they demanded answers from Ricky. But he only mumbled that “Yes, of course, this problem needs to be solved. Everything will be OK”. However, such answers did not satisfy Ricky Sitomer’s partners and they began to more closely examine the activities of the company in which they invested their money.
It is important to mention that Star Jets International is a public company whose shares are listed on the OTC MARKETS electronic platform. It will be interesting to read the disclaimer that the administration of the electronic platform posted on the Star Jets International quotations page:
OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11. The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b).
Well, we don’t yet know all the details that the company’s investors managed to find out. However, as a result of the proceedings, as one of the investors, whose name we will not disclose (correspondence can be provided by the editors of BLACKLIST.AERO at the request of the court), told us - he has already hired lawyers to file a lawsuit against Ricky Sitomer in order to return investments in Star Jets International. According to this investor, Ricky owes him more than $1 million.
The editors of BLACKLIST.AERO have made many attempts to contact Ricky Sitomer via email and messengers. However, he chose to hide and not respond to messages. But we managed to get a comment from the so-called Vise President of Global Sales, who began to say that she has “not responsible for anything” there, and that there are many such “vice presidents” in the company.
“I don’t even have a workplace in the company office! I work remotely and am not part of the company’s staff! I don’t control anything there! There are many of us at Star Jets! Leave me alone!” , she said.
Well, apparently another sign of a bubble company is the presence of “presidents” and “vice presidents” in companies with fewer than 10 employees. “Vice-president for cleaning the premises”, “Vice-president for making coffee”... Well, sounds great!
There is no point in talking about this shady business establishment for a long time. Just stay away from “President” Ricky Sitomer and his inconsequential “Vice Presidents.” And then let Themis speak...
Artem Degtiarov, Chief editor at BLACKLIST.AERO
Just yesterday Karim Stambouli, right after publishing an article about the critical situation at Express Air Cargo, wrote to me (after three months of ignoring my attempts to contact him) in WhatsApp: ‘I'm not Express Air Cargo any more’. And started threatening me. First with the court, then with the police. When I told Karim that I would be ready to answer for EVERY WORD written in my article and he could go complain anywhere and to anyone Karim decided to resort to the last ‘argument’: he started to threaten me with... Halis Din 😂 😂 😂
There have been cases related EXPRESS AIR CARGO (Tunisia) before. But the company tried to close them before they were published in the BLACKLIST.AERO to avoid publicity. However, time passed, new cases began to appear, and the company simply lost the ability to cope with the growing debt burden.
Problem of non-payment the cancellation fee by charter brokers in the event of a flight being cancelled due to a passenger’s reason has become one of the most discussed issues among operators in recent years. For operators, this is not only lost profits due to the aircraft’s forced downtime, but also often technical and even legal problems when carrying out a subsequent flight. For example, in a number of countries, fuel poured into an aircraft and cleared through customs for an international flight may become the cause for claims from customs authorities in the event of a subsequent domestic flight instead of an international one.
“What are you doing?! We all spent tens of thousands of dollars to attract attention to our companies at the exhibition, and you just by making one post on LinkedIn turn all the attention to yourself and these crooks whom you challenged to a battle! Now everyone is whispering only about it! Everyone has forgotten about the exhibition!”
