Topic: Rotorjet

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Umpty Ump
Episode 1709 2:33:33 - 2:36:19

1709: Umpty Ump

Rotorjet, Helicopter Fractional Ownership Failure

Rotorjet was a fractional helicopter ownership company based in Amsterdam that collapsed following the 9/11 attacks and a partner's sudden confession of fraud. The company operated high-end Augusta helicopters with ex-military pilots but faced immediate financial ruin when the partner fled to Cambodia. The host describes the subsequent legal battles with the Dutch IRS and the loss of his personal fortune.