U.S. Markets closed

Calif. airport developer waives extradition

SAN BERNARDINO, Calif. (AP) -- The former manager accused of defrauding the San Bernardino International Airport has agreed to waive extradition from Florida.

Prosecutors say Scot Spencer will be in custody soon to face conspiracy and perjury charges. He was arrested in Boca Raton on Sunday on five felony counts.

Meanwhile a district attorney spokesman tells the Riverside Press-Enterprise (http://bit.ly/10cKaAx ) that an alleged co-conspirator, Felice Luciano, may soon surrender to authorities.

Spencer is a felon who served prison time for bankruptcy fraud. Authorities allege that he and Luciano used the struggling airport as a personal cash fund, taking $1 million for themselves.

Spencer first arrived at the airport in 2003 to operate a charter airline after being awarded no-bid agreements to oversee the conversion of Norton Air Force Base into a civilian airport.