Shortly after P. Takis Veliotis became general manager of the Davie Shipyard in Quebec, it was revealed that he was secretly building a pleasure yacht for his personal use, funded by the company’s projects. Veliotis went on to hold high positions at General Dynamics, overseeing the construction of sensitive and secret nuclear weapons. He later fled to Athens after being indicted for fraud and perjury, triggering a major defense fraud investigation. Veliotis’ financial background and educational claims have raised suspicions of his credibility. The case highlights the lax security screening processes in the defense industry, allowing individuals like Veliotis to have access to critical technologies.
https://www.chicagotribune.com/1985/12/02/a-lavish-lifestyle-strains-credibility/