Delta Air Lines, Inc. (NYSE:DAL) And JetBlue Airways Corporation (NASDAQ:JBLU) Workers Accused Of Smuggling Cash

Albany, New York (09/26/2014) – How easy is it for someone to trespass security at the U.S. airports and smuggle the money from unlawful drug sales? Not too easy, but not impossible either. However, you do get caught! Five employees of airlines have been caught smuggling $417,000 in cash at the Logan International Airport, Boston. While four employees belong to JetBlue Airways Corporation (NASDAQ:JBLU), one other is from the Delta Air Lines, Inc. (NYSE:DAL).

Using Security Clearances to Smuggle Cash

These employees, working at the Boston airport were indicted of making use of security clearances in order to smuggle the amount in cash past checkpoints.

The federal prosecutors said that the workers had sneaked through the Transportation Security Administration checkpoints by wrongly using their clearances. They tip-toed from the checkpoints via public utilities near baggage claim, drop-off and pick-up areas of passengers, as well as, other places at the Airport.

The federal authorities claim that smuggled money was sourced from illegal sales of drugs. The authorities explained that these employees received the cash payments from co-operating witness. In return, these employees used to deliver the cash at “secure airport areas.” They also delivered the cash at the aboard commercial flights from Boston.

The Airlines Employees and the Case

The arrested workers of JetBlue Airways Corporation (NASDAQ:JBLU) and Delta Air Lines, Inc. (NYSE:DAL) belonged to general employees and customer service ramp agent responsibilities in the airlines, respectively.

All these employees have been slapped with the cases, based on money laundering as well as conspiring to deceive the United States of America. In case of de-fraud or planning a conspiracy against the U.S., a person attracts fine, or imprisonment of 5 years, or both, depending upon the severity of the case. Laundering money or monetary instruments leads to a fine double the amount involved or not over $500,000, whichever is more.

Both, JetBlue Airways Corporation (NASDAQ:JBLU) and Delta Air Lines, Inc. (NYSE:DAL), have not yet commented on this.

About the Author

Viraj Shah has done M.Com (Finance) and currently pursuing CFP. He is a technical analyst who tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in market.

Leave A Response