Ex-Pilot for Philly-Based Elmer’s Glue Owners Indicted for Fraud
Did you know a Philadelphia company owns Elmer’s Glue? And did you know that company, Berwind Corporation, had its own director of aviation who flew around the company’s directors in Gulfstream jets? Probably not: You may have just learned it owned Elmer’s Glue, which it acquired in 2003.
Berwind is in a bit of a sticky situation, and not because of Elmer’s. Its former chief pilot and director of aviation was recently indicted. Kevin Boardman charged with defrauding the company out of $2.7 million by creating several front companies — including ones named “Optical Axes” and “Airside Monitor”, which sound like fake companies — and submitting phony invoices to Berwind.
Boardman is also accused of submitting inflated invoices for his Custom Duds company, which “specialized in embroidering logos onto custom apparel and other items, such as shirts and jackets worn by pilots.” Berwind says it noticed financial irregularities after dismissing Boardman earlier this year and has cooperated with authorities.
Read a copy of the indictment below.