Jeffrey Borer, former owner of defunct charter operator XtraJet, and Arvel Reeves, previous owner of one-time aircraft services firm Executive Aviation Logistics, admitted guilt in a plea bargain on federal charges of secretly videotaping entertainer Michael Jackson and his attorney while flying aboard a chartered Gulfstream IISP on Nov. 20, 2003. The two men previously denied any knowledge of the illegal taping, which they allegedly were going to sell to the media. According to a story in Tuesday’s Los Angeles Times, Borer and Reeves each face up to a maximum of five years in federal prison. “Additionally, each faces up to three years probation, fines of $250,000 and potential loss of their FAA licenses,” the article reported. They are scheduled to be sentenced on July 12.