Kenneth R. Spirito, 47, the executive director of Williamsburg International Airport between 2009 and 2017, was found guilty of providing false information in order to secure loans. Spirito organised a loan of $5 million (c. £4,075,000) from TowneBank for a new airline, People Express Airline – the loan was guaranteed by the Peninsula Airport Commission (PAC). He also misapplied state funds to provide collateral for the loan. The airline stopped operating in 2014, which left the PAC liable to pay back the loan.
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