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Peace at any cost is a Prelude to War!

US post office's $1.6m sprouts wings

09.06.2001 By SIMON HENDERY
When the United State Postal Service accidentally deposited more than $1.6
million into aviator Mike Edwards' bank account, the Virginia businessman
promised he would sort the matter out.

But the windfall was never returned, and five months later authorities caught
up with Edwards in New Zealand.

He is now accused of using stolen money to set up an air freight company in
this country - an allegation which has stunned the Auckland aviation veterans
who went into business with him.

Today Edwards is in an Auckland jail, contemplating extradition back to the
US. where he will face an embezzlement charge. He claims he never intended to
steal the money.

Dalma Sylvester "Mike" Edwards was arrested by company fraud squad detectives
on Thursday and appeared yesterday in the Auckland District Court, where his
application for bail was rejected.


The 43-year-old, who drove a leased black 5-series Mercedes around Auckland,
will appear in court again next week as US authorities seek to extradite him.

Edwards is the president of US freight company Air Atlantic Express, which
last October won a contract with the US Postal Service to transport mail
during the busy pre-Christmas period.

Two weeks later, Edwards told the Postal Service he had been unable to find a
plane for the job so the contract was cancelled.

But on January 11 the service mistakenly sent a $US679,700 ($1.63 million)
cheque to Edwards' company.

Authorities allege he wired $US470,000 of it to a New Zealand bank account
and used it to set up businesses in Auckland, where he has been living in a
rented Parnell home.

One of those businesses, Air Atlantic (NZ), was set up in partnership with
former Cathay Pacific senior manager Len Cowper and Warbirds vice-president
Trevor Bland.

Mr Cowper said last night that he had known Edwards since about March and the
arrest was a surprise.

"He's always been straight up and down with me," Mr Cowper said.

Edwards' plan had been to develop an air freight service which would
initially operate around New Zealand, but would eventually go international
and link with his US company, possibly using a Boeing 747.

His lawyer, Gary Gotlieb, told the Weekend Herald last night that Edwards was
absolutely shattered to find himself in prison.

Plans were in place to repay the Postal Service money by instalments.

"It certainly seems to me that it is a civil dispute which they have suddenly
turned into a criminal matter," Mr Gotlieb said.

"He is a fellow who has never been in trouble before."






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