Advertisement
YOU ARE HERE: LAT HomeCollectionsVsi Corp
IN THE NEWS

Vsi Corp

FEATURED ARTICLES
ARTICLES BY DATE
BUSINESS
August 27, 1992 | From Times Staff and Wire Reports
3 Get Probation in Aerospace Fraud: A federal judge in Seattle has spared three former aerospace industry executives from jail following their guilty pleas to tax fraud charges involving the use of prostitutes, cash and other gifts to win business. U.S. District Judge Barbara Rothstein sentenced the former officials of VSI Corp. to periods of home detention and probation, and ordered them to perform community service and to make restitution.
Advertisement
BUSINESS
June 2, 1990 | JAMES F. PELTZ, TIMES STAFF WRITER
VSI Corp., which three weeks ago pleaded guilty to falsifying test results for aircraft nuts and bolts made at its Chatsworth plant, said the Pentagon has agreed to resume buying from the plant. The military's Defense Logistics Agency lifted a suspension, imposed a year ago, that banned the company's Voi-Shan plant from selling its products--called fasteners in the industry--directly to the government, VSI said. The plant was not idle, however.
BUSINESS
June 17, 1992 | From Times Staff and Wire Reports
2 Indicted in Aerospace Probe: A former manager of VSI Corp. of Carson and a former Boeing Co. supervisor were indicted by a federal grand jury in Seattle that has been looking into bribery and fraud in the aerospace parts industry. John P. Vaughn, the former VSI manager, was charged with three counts of perjury in connection with testimony before the grand jury in 1990. Raymond L. Pedersen, a former rivet supervisor in Boeing's Commercial Airplane Group in Renton, Wash.
BUSINESS
May 11, 1990 | PATRICE APODACA, TIMES STAFF WRITER
Federal prosecutors Wednesday charged VSI Corp. of Culver City and two employees with falsifying and omitting test results for fasteners used in commercial and military aircraft. A lawyer representing a company whistle-blower said he expects VSI and the employees to plead guilty today in U.S. District Court in Seattle.
BUSINESS
June 1, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
It's a simple case of mistaken identity. But it has become an identity crisis. So says VSI Fasteners. The 35-year-old, Stanton-based company said Thursday that its reputation is being unfairly tarnished because it is being confused with VSI Corp. and that firm's subsidiary, Voi-Shan Industries of Culver City. VSI Corp.
NEWS
May 11, 1990 | From Times Wire Services
Culver City-based VSI Corp., the biggest maker of aerospace fasteners, today pleaded guilty to conspiracy and agreed to pay $37 million in fines and costs to settle federal charges that it schemed for 15 years to falsify test reports on parts. In an appearearce in U.S. District Court in Seattle, the company also agreed to pay a $21.5-million fine and pay the government an estimated $1 million for the costs of the investigation.
BUSINESS
August 27, 1992 | From Times Staff and Wire Reports
3 Get Probation in Aerospace Fraud: A federal judge in Seattle has spared three former aerospace industry executives from jail following their guilty pleas to tax fraud charges involving the use of prostitutes, cash and other gifts to win business. U.S. District Judge Barbara Rothstein sentenced the former officials of VSI Corp. to periods of home detention and probation, and ordered them to perform community service and to make restitution.
BUSINESS
June 17, 1992 | From Times Staff and Wire Reports
2 Indicted in Aerospace Probe: A former manager of VSI Corp. of Carson and a former Boeing Co. supervisor were indicted by a federal grand jury in Seattle that has been looking into bribery and fraud in the aerospace parts industry. John P. Vaughn, the former VSI manager, was charged with three counts of perjury in connection with testimony before the grand jury in 1990. Raymond L. Pedersen, a former rivet supervisor in Boeing's Commercial Airplane Group in Renton, Wash.
BUSINESS
May 12, 1990 | PATRICE APODACA, TIMES STAFF WRITER
VSI Corp. of Culver City pleaded guilty Friday in U.S. District Court in Seattle to four counts of falsifying and omitting test results for fasteners used in commercial and military aircraft, and will pay $18 million in damages, fines, civil penalties and costs of prosecution. Two former VSI employees also pleaded guilty to one count of conspiracy to defraud the government. James E.
BUSINESS
January 6, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
Ben W. Prescott is a soft-spoken Alabama native who heads Fairchild Corp.'s fastener group, whose 3,000 employees make the key nuts and bolts that hold airplanes together. But his biggest challenge today may be holding together his employees' morale at Fairchild's Voi-Shan plant in Chatsworth. His workers have been skittish for the past two years while a scandal has rocked the company, which is one of the nation's largest suppliers of specialty fasteners.
BUSINESS
June 2, 1990 | JAMES F. PELTZ, TIMES STAFF WRITER
VSI Corp., which three weeks ago pleaded guilty to falsifying test results for aircraft nuts and bolts made at its Chatsworth plant, said the Pentagon has agreed to resume buying from the plant. The military's Defense Logistics Agency lifted a suspension, imposed a year ago, that banned the company's Voi-Shan plant from selling its products--called fasteners in the industry--directly to the government, VSI said. The plant was not idle, however.
BUSINESS
June 1, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
It's a simple case of mistaken identity. But it has become an identity crisis. So says VSI Fasteners. The 35-year-old, Stanton-based company said Thursday that its reputation is being unfairly tarnished because it is being confused with VSI Corp. and that firm's subsidiary, Voi-Shan Industries of Culver City. VSI Corp.
BUSINESS
May 12, 1990 | PATRICE APODACA, TIMES STAFF WRITER
VSI Corp. of Culver City pleaded guilty Friday in U.S. District Court in Seattle to four counts of falsifying and omitting test results for fasteners used in commercial and military aircraft, and will pay $18 million in damages, fines, civil penalties and costs of prosecution. Two former VSI employees also pleaded guilty to one count of conspiracy to defraud the government. James E.
NEWS
May 11, 1990 | From Times Wire Services
Culver City-based VSI Corp., the biggest maker of aerospace fasteners, today pleaded guilty to conspiracy and agreed to pay $37 million in fines and costs to settle federal charges that it schemed for 15 years to falsify test reports on parts. In an appearearce in U.S. District Court in Seattle, the company also agreed to pay a $21.5-million fine and pay the government an estimated $1 million for the costs of the investigation.
BUSINESS
January 6, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
Ben W. Prescott is a soft-spoken Alabama native who heads Fairchild Corp.'s fastener group, whose 3,000 employees make the key nuts and bolts that hold airplanes together. But his biggest challenge today may be holding together his employees' morale at Fairchild's Voi-Shan plant in Chatsworth. His workers have been skittish for the past two years while a scandal has rocked the company, which is one of the nation's largest suppliers of specialty fasteners.
BUSINESS
June 29, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
VSI Fasteners Inc., a distributor of hardware products for home center stores, said Thursday that it has agreed to be acquired by Newell Co. in Freeport, Ill., for an undisclosed sum. Newell, a home-furnishings manufacturer with $720 million in sales in 1989, plans to acquire VSI Fasteners from parent company Vision Hardware Group Inc. in Orange by the end of July, according to Derwin Cugley, vice president of marketing for VSI.
BUSINESS
May 11, 1990 | PATRICE APODACA, TIMES STAFF WRITER
Federal prosecutors Wednesday charged VSI Corp. of Culver City and two employees with falsifying and omitting test results for fasteners used in commercial and military aircraft. A lawyer representing a company whistle-blower said he expects VSI and the employees to plead guilty today in U.S. District Court in Seattle.
Los Angeles Times Articles
|