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From Times Staff and Wire Reports
Two Braniff Executives Indicted: Federal prosecutors in New York said two former top executives of Braniff International Airlines have been charged with defrauding the Transportation Department and concealing assets from the airline’s creditors. If the defendants, Jeffrey Chodorow, a former Braniff chairman, and Scot Spencer, a former president, are convicted of all counts, they each face a possible maximum sentence of 20 years in prison and $1 million in fines. Braniff stopped operating in July, 1992.
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