NEW YORK, NY – Jet One Jets, Inc. has filed an action in the United States District Court for the Eastern District of New York against Halcyon Holdings, Inc. and Halcyon Jets, Inc. and it’s principles including it’s former chief executive officer, as well as Alfred Palagonia a.k.a. Al Palagonia, under the Racketeer Influence Corrupt Organization’s Act (RICO), alleging acts of wire fraud and mail fraud.

The complaint alleges that Halcyon, a publicly-traded corporation, utilizes front men when in fact, Alfred Palagonia, a convicted felon and an individual barred from working in the securities industry, is the de facto chief executive officer of Halcyon.

Halcyon Jets board of directors includes Spike Lee and the company’s spokesmen include NBA All-Star Shaquille O’Neal, both personal friends of Mr. Palagonia.

By virtue of the violations alleged, Jet One Jets is seeking $15,000,000 in compensatory damages together with treble damages, punitive damages and attorneys’ fees.