To hear federal prosecutors tell it, the former executive director of the Newport News/Williamsburg International Airport led the way on a $5 million loan guarantee to People Express Airlines in 2014.
It was Ken Spirito, they contend, who came up with the idea to use public money to back the airline’s borrowing.
They say he convinced airport board members to agree to the deal, then improperly shifted money between airport accounts, all while keeping the loan guarantee from government regulators and the public.
