Maintenance and Modifications
CEO Sentenced in Unapproved Aircraft Parts Investigation
Court imposes three years of probation and a $100,000 fine.

Jeffrey Krantz, CEO and owner of Harry Krantz, LLC of New York, N.Y., was sentenced in U.S. District Court, Hartford, Conn., to three years of probation, a $100,000 fine, and ordered not to be directly or indirectly involved in the buying or selling of electronic parts for a period of two years related to his role in the sale of unapproved aircraft parts. In late July he pleaded guilty to wire fraud for supplying customers with falsely remarked microprocessor chips. Krantz was also required to surrender control over Krantz LLC and all beneficial and/or financial interest.