Regulations and Government
Air Charter Broker Pleads Guilty To FET Violation
The IRS said that Air Royale collected FET from its customers totaling $489,784, but passed on only $29,286 of this amount to the agency.

Wayne Rizzi, the owner of 20-year-old air charter broker Air Royale International, pleaded guilty yesterday to “willfully failing to pay over collected Federal Excise Taxes [FET] to the IRS.” The IRS said that from Oct. 1, 2008, through Dec. 31, 2010, Air Royale collected FET from its customers totaling $489,784, but passed on only $29,286 of this amount to the agency.