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Nov 2, 2023 · A second executive accused of conspiracy and being part of the Polar Air Cargo fraud looks set to plead guilty.. The case centres on claims that Polar was defrauded by tens of millions of dollars over a decade.
In 2001, Polar Air Cargo was acquired by Atlas Air Worldwide Holdings; and in 2007 DHL Express entered into a strategic arrangement with Atlas, with a 49% equity interest. Through the joint venture of these two very strong partners – Atlas, the world’s largest operator of 747s, and DHL, the leader in express delivery – Polar has grown into a world-leading all-cargo operator.
May 31, 2024 · A former high-ranking executive at Polar Air Cargo was sentenced on Thursday to four years in prison for participating in a scheme to defraud the company of nearly $33 million in revenue over more than a decade, the Department of Justice announced.
With a modern, all-cargo fleet, coverage of major world markets, vast experience in air cargo and a commitment to quality, safety and customer service, Polar Air Cargo is a key player in the ...
Polar Air Cargo. Legal Name Polar Air Cargo Worldwide Inc, ICAO Code PAC Airline Code 403 IATA Designator PO Region ...
Some of them were Polar executives, others were vendors with business relationships with Polar. US Attorney Damian Williams stated: “As alleged, the 10 defendants charged today conducted a widespread scheme that tainted nearly every aspect of Polar Air Cargo Worldwide’s operations and that cost the company an estimated $52 million in losses.
Krepp has been with Polar Air Cargo for more than 20 years, and an air cargo executive for nearly three decades. Prior to her role as Chief Management Officer, Ms. Krepp served as Chief Commercial Officer, responsible for Polar’s end-to-end commercial strategy encompassing sales, customer service, marketing, and account management.
