Baltia Air Lines Inc. (fka BLTA)

[LongTimeObserver]

"For the reasons discussed above, the government respectfully requests that the Court impose a sentence within the Guidelines range of 63-78 months’ imprisonment to be followed by two years’ supervised release, as well as a forfeiture money judgment of $253,191 and a restitution order of $593,600.32."

Deflect, deflect, deflect...

"Mr. Drago most respectfully requests that this Court impose a sentence of no more than 6 months in jail, i.e., a sentence below the recommended Guidelines sentence and consider alternatives to incarceration."

"He has led a lawful life other than the crimes at issue."

"As referenced in Mr. Drago’s objections to the PSR, Mr. Drago denies that he was “involved” in a securities-fraud related scheme involving Baltia Airlines (“Baltia”). The U.S. Securities and Exchange Commission (the “SEC”) conducted a civil investigation involving Baltia. The SEC never charged Mr. Drago. According to attorney Stefanie J. Lewis, who represented Baltia, the SEC did not interview Mr. Drago during the investigation. The SEC charged an individual named Barry Clare, a Baltia officer, with being an unregistered representative seller of Baltia common stock to investors. Clare settled with the SEC. Mr. Drago was a large investor in Baltia. No one involved in the SEC’s Baltia investigation was charged criminally. Ultimately, as with all Baltia investors, Mr. Drago’s own investment became worthless."

To say nothing of what he and his 'trading group' sold, while claiming to hold.