Ex-owner of service provider at Lebanon airport charged in fraud

By: 
LDR STAFF ◆ EDITOR@LEBANONDAILYRECORD.COM

The former owner of a fixed base operation at the Lebanon, airport has been indicted by a federal grand jury for a $707,000 investment fraud scheme, Tom Larson, Acting United States Attorney for the Western District of Missouri, announced Friday.

Paul David Ward, 61, of Camdenton, was charged with wire fraud in an indictment returned by a federal grand jury in Jefferson City, Mo., on Wednesday.

Ward was the owner of Lebanon Aviation Service, Inc., which provided services to the users of the Lebanon airport, including the sale of aviation fuel, through a contract with the city of Lebanon. Ward purchased aviation fuel for his business from Avfuel Corporation, located in Ann Arbor, Michigan. In October 2014, Ward surrendered his contract with the city of Lebanon to sell aviation fuel at the airport. At that time, Ward was suffering monthly losses of $6,000 or greater.

The federal indictment alleges that, from Jan. 1, 2011, to Aug. 22, 2016, Ward engaged in a scheme to defraud friends and associates who invested in his company. 

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