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Importing Wikidata short description: "American racing driver" |
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{{Short description|American racing driver}}
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Beverley started Tyler Jet L.L.C. in 1986. Tyler Jet was a thriving business that bought, sold and repaired aircraft, operated an [[Fixed-base operator|FBO]] and ran a business aircraft interior completions and refurbishment center. In February 2002 Tyler Jet creditors forced the company to file Chapter 7 [[Bankruptcy in the United States|bankruptcy]], which Beverley later amended in court to Chapter 11 bankruptcy.<ref>{{Cite web|url=https://www.ainonline.com/aviation-news/aviation-international-news/2007-02-01/tyler-execs-plead-guilty-money-laundering|title=Tyler execs plead guilty to money laundering|last=Harrison|first=Kirby J.|website=Aviation International News|language=en|access-date=2019-02-21}}</ref> In 2004, Beverley, who was then Tyler Jet president and chief executive officer, was sentenced to six years in prison, and the company's Chief Financial Officer Gregory A. Hopper was sentenced to three and one-half years in prison for their part in a money laundering scheme that cost businesses and banks $18 million. They were each ordered to pay $18.2 million in restitution.<ref name=":0">{{Cite web|url=https://tylerpaper.com/news/local/former-tyler-jet-executive-convicted-on-federal-financial-fraud-charges/article_fcf9ed7b-0c38-5b5e-88cd-ced43d31ad57.html|title=Former Tyler Jet executive convicted on federal financial fraud charges for dealings with Florida-based aircraft charter|first=Faith |last=Harper|website=TylerPaper.com|date=19 October 2017 |language=en|access-date=2019-02-21}}</ref>
While Beverley was on supervised release stemming from his federal conviction for [[money laundering]], he worked as an airplane broker at Majestic Jet Inc., a company in [[Pompano Beach, Florida|Pompano Beach]] Florida that provided aircraft charters. From 2010 through 2013, Beverley stole more than $1.5 million from Majestic Jet by directing airplane escrow agents to wire funds from the sale of planes to nominee bank accounts that Beverley controlled. Beverley also stole funds directly from Majestic's business bank accounts and used the money to pay for personal expenses including his [[boat]] and rent. Beverley did not report this income on his 2010 through 2013 personal tax returns.<ref name=":0" /> On October 17, 2017 federal jury convicted Beverly of filing fraudulent tax returns, wire fraud and filing false monthly reports with the U.S. Probation Office.<ref>{{Cite web|url=https://www.justice.gov/opa/pr/florida-airplane-broker-convicted-tax-and-wire-fraud|title=Florida Airplane Broker Convicted of Tax and Wire Fraud|date=2017-10-17|website=www.justice.gov|language=en|access-date=2019-02-21}}</ref>
On Friday, March 16, 2018 Beverly was sentenced to 90 months in prison for filing fraudulent tax returns, wire fraud, and filing false monthly reports with the U.S. Probation Office<ref>{{Cite web|url=https://www.justice.gov/opa/pr/florida-airplane-broker-sentenced-over-seven-years-tax-and-wire-fraud|title=Florida Airplane Broker Sentenced to Over Seven Years for Tax and Wire Fraud|date=2018-03-16|website=www.justice.gov|language=en|access-date=2019-02-21}}</ref>
==References==
{{Reflist}}
== External links ==
{{Tyler Jet Motorsports}}
▲{{DEFAULTSORT:Beverly, Tim}}
[[Category:NASCAR team owners]]
[[Category:1955 births]]
[[Category:Living people]]
{{US-autoracing-bio-stub}}
{{NASCAR-bio-stub}}
[[Category:NASCAR controversies]]
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