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Time line: Invention too good to be true
By LEONORA LaPETER ANTON
Published July 1, 2007
April 1996: Brent Kovar and his father, Glenn, form Satellite Access Systems Inc., a Nevada corporation. September 1997: The Kovars tell investors SAS has either signed or is considering contracts worth $2.3-million a month. April 1999: SAS, $4-million in debt, is acquired by Corsaire Inc., a provider of security services with offices in Fort Lauderdale and California. September 1999: The Kovars refuse to turn over the technology to SAS' new managers to test its authenticity. They say Corsaire failed to pay off all of SAS' debt and provide agreed-upon shares. Brent, Glenn and Joy Kovar are fired from SAS. October 1999: SAS sues all three Kovars. 2000: Brent Kovar founds Sky Way Global LLC, a high-speed broadband wireless service company. Spring 2002: A newsletter to investors says five members went to Washington and "initiated high-level contacts." 2002: The Kovars form another company, Sky Way Aircraft Inc. November 2002: A business plan says the management team was invited to dinner with President Bush. The plan quotes Bush as saying, "We need you." July 1, 2003: Brent Kovar is issued a patent for a "digital data transmission utilizing vector coordinates within a hyperbola model." 2003: Kovar and others obtain control of a public company that they name SkyWay Communications Holding Corp. They market security to the airline industry. June 2004: The company obtains a 1966 DC-9 airplane to demonstrate the technology. December 2004: A dozen plaintiffs from Kuwait and Saudi Arabia sue the company. The case is settled in 2006 for an undisclosed amount. June 2005: SkyWay Communications files for bankruptcy. December 2005: Nineteen people from Kentucky, Illinois and Ohio sue Sky Way Global and Brent, Glenn and Joy Kovar. The plaintiffs say they invested $775, 000 based on false and misleading statements. Feb. 15, 2007: A Pinellas County jury orders all three Kovars to pay SAS $36-million, among the largest verdicts in Pinellas history. May 23, 2007: A federal bankruptcy judge approves a reorganization of SkyWay Communications as World Capita Communications Inc. March 28, 2007: A judge approved a default judgment ordering Sky Way Global to pay $1.1-million to the investors from Kentucky, Ohio and Illinois. June 14, 2007: World Capita files a complaint in bankruptcy court against Brent and Joy Kovar alleging fraudulent transfers of money and unexplained expenses.
[Last modified July 1, 2007, 08:18:38]
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by steve
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07/02/07 10:21 PM
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that is what thieves do. they confuse even the smartest people and continue to do it until they are put in prison. brent kovar needs to be jailed. he would not do well there. a perfect place for the scum bag. he is still stealing through bankruptcy
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by Kasey
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07/01/07 11:17 AM
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Am I missing something here? This has to be one of the most confusing things I've read in this paper.
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