Scot Spencer is a name some of us will remember as one of the sordid players in commercial aviation.
Spencer and co-investors purchased Braniff II from the Hyatt family in the late 1980s and proceeded to run it into bankruptcy. Out of those ashes rose Braniff III, which promptly also went into bankruptcy. Spencer and some of the same co-investors wound up convicted of bankruptcy fraud. The US Department of Transportation banned Spencer from commercial aviation. It’s been assumed by many that this meant airlines but others believed the ban was much broader.
After serving his time, Spencer wound up in San Bernadino (CA), running another airline (which DOT shut down) and incredibly, this smooth-talker wound up managing the former Norton AFB for a transition to a civilian airport with a goal of commercial airline service.