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Revision as of 03:49, 10 June 2013 edit 201.191.255.116 (talk) No edit summary Tag: possible BLP issue or vandalism ← Previous edit		Latest revision as of 00:54, 3 March 2024 edit undo Croomfolk (talk \| contribs) Extended confirmed users 8,657 edits Importing Wikidata short description: "American racing driver" Tag: Shortdesc helper
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Line 1: {{Short description\|American racing driver}} '''~~Tim~~Timothy J. Beverley''' (born 1956) is former [[NASCAR]] team owner. TJ Beverley was one of the founders of Tyler Jet, ~~one~~L.L.C., ofan ~~the most successful airplane~~aircraft sales ~~companies~~and inrefurbishing ~~the world. Tyler Jet was~~company based in [[Tyler, Texas]]~~, in 1986~~. In 1998, he purchased [[DarWal Inc.]] and [[ISM Racing]] and merged them together to form [[Tyler Jet Motorsports]]. He fielded cars for [[Darrell Waltrip]], [[Rich Bickle]], [[David Green (NASCAR)\|David Green]], and [[Johnny Benson]]. In 2000, he sold the team to [[MB2 Motorsports]]. 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> Tim Beverley also owned what was one of the premiere corporate and commercial jet sales and brokerage firms in the country. That all came crashing down January of 2004 in federal court. As part of a plea agreement, Tim Beverley, and Tyler Jet Chief Financial Officer Greg Hopper, pleaded guilty to money laundering, and face up to ten years in jail. A two year investigation into TJ Beverley and Hopper came to a head today when a 72-page federal indictment was unsealed in federal court. The indictment accused Timothy Beverley and Hopper of obtaining millions of dollars in loans, allegedly for aircraft repair, on aircraft that was never repaired. Instead, the money is believed to have been used to pay off other expenses surrounding Tyler Jet and Tim Beverley's Nascar team, Tyler Jet Motorsports. In a press conference this afternoon, Becky Gregory, 1st Assistant U.S. Attorney of the Eastern District of Texas, layed out details of a massive investigation that included the involvment of the FBI, The Immigration and Customs Enforcement Department, and The Internal Revenue Service, Criminal Investigation Unit. 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> "An investigation that involved literally reviewing thousands and thousands of documents, of interviewing numerous witnesses," said 1st Assistant U.S. Attorney Becky Gregory. "An enormous amount of work went into this complex financial investigation to discover the nature of and extent of the fraud and the money laundering that occurred here." 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> Tyler Jet, Gregory Jopper and Timothy Beverley defrauded the banking institutions and individuals of approximately 20 million dollars," said Michael Schuster, Acting Special Agent in Charge for Dallas Immigration and Customs Enforcement. "This type of business practice will be investigated fully and thoroughly, with the expectation that criminal activity will be halted and shown for what it is." ==References== {{Reflist}} While Beverley and Hopper each faced 34 counts of wire fraud, bank fraud and money laundering, they were each allowed to plead to one count of money laundering, with the expectation they will cooperate in the investigation and prosecution of others. == External links == *[http://www.speedwaymedia.com/Articles/06/041106Madding.asp Racer profile: Tim Beverly] {{Tyler Jet Motorsports}} [http://www.ripoffreport.com/r/tim-beverley-tyler-jet-et-al/fort-lauderdale-florida-/tim-beverley-tyler-jet-et-al-tj-tim-beverley-tyler-jet-tyler-aircraft-sales-consumate-poli-570658 Tim Beverley a ripoff artist and has ties to Columbia drug cartels] ~~[http://www.kltv.com/global/story.asp?s=1611270&ClientType=News articles related to Tim Beverley's indictment]~~ ~~{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->~~ ~~\| NAME = Beverley, Tim~~ ~~\| ALTERNATIVE NAMES =TJ Beverley~~ ~~\| SHORT DESCRIPTION = American racing driver~~ ~~\| DATE OF BIRTH = 1956~~ ~~\| PLACE OF BIRTH =~~ ~~\| DATE OF DEATH =~~ ~~\| PLACE OF DEATH =~~ }} {{DEFAULTSORT:Beverley, Tim}} [[Category:NASCAR team owners]] Line 29 ⟶ 23: {{US-autoracing-bio-stub}} {{NASCAR-bio-stub}} [[Category:NASCAR controversies]]