Tech
your username
March 2, 2021
On Tuesday, the Securities and Exchange Commission (SEC) filed a complaint in the Southern District of New York against Airborne Wireless Network (Airborne) and several individuals, including Kalistratos “Kelly” Kabilafkas, also known as Mark McKinney (Kabilafkas), Timoleon Kabilafkas, Chrysilios Chrysiliou, Panagiotis Bolovis, Eric Scheffey, Moshe Rabin (Rabin), and Jack Edward Daniels (Daniels) (collectively, the defendants), as well as the respective trustees of the Tim Kabilafkas Revocable Trust Dated and the Magdaline Kabilafkas Revocable Trust (collectively, the Relief Defendants) over their alleged $45 million fraudulent scheme.
According to the complaint, Kabilafkas, between August 2015 and at least May 2018, “orchestrated a scheme to defraud market participants, including retail investors…, using a publicly traded company, Airborne Wireless Network, which he secretly controlled.” Kabilafkas allegedly “launched the scheme by co