Geoffery Cassidy responsible for Zetta Jet Bankruptcy?



Friday night’s bankruptcy filing by Zetta Jet USA, Inc., first reported by Private Jet Card Comparisons, comes one week after a separate lawsuit filed by the founders Advanced Aircraft Management, Inc., and Anglo American Jet Charter, Inc., the two companies that became Zetta Jet USA, Inc. after their sale to Singapore-based Zetta Jet Pte. Ltd. 


The lawsuit, filed in the United States District Court, Central District of California, alleges Geoffrey Cassidy, the managing director of “using company funds and assets for personal purchases and free transportation; taking illegal kickbacks of funds from aircraft acquisitions that rightfully belong to the company; and destroying business goodwill and reputation.” The defendants could not be reached for comment. In addition to Cassidy, his wife Miranda June Tang, who allegedly served as an executive and on the board and Asia Aviation Holdings Pte. Ltd. are named.


It is not the first time that Geoffery Cassidy is facing legal issues for his actions. In May 2008, he attempted to pull a con artist scam at the Sanctuary Cove International Boat Show. He also impersonated a buyer of the Brisbane Bullets in June 2008. The same month, he was fined AUD 800 for stealing food in Raby Bay. He was also sued for credit charges fraud in Brisbane in July 2008.


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