A federal grand jury in New Haven has returned an indictment charging Westport resident Neil A. Lott with wire fraud related to a misappropriation scheme.
Lott was a 51% owner of Pacific Atlantic Handling Services LLC (PAH), a baggage handling company based at John F. Kennedy International Airport, from 2017 until August 2021, when he was terminated from PAH for cause. In November 2021, Lott opened a business bank account in the name of PAH without the company’s knowledge or authorization and deposited a U.S. Treasury check into the account for $477,167, paid to the order of PAH, for an Employee Retention Tax Credit.
Lott was arrested on Jan. 4 and was released on a $350,000 bond. If convicted of wire fraud, Lott faces a maximum prison term of 20 years.
