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Compliance

N.Y. Dealer Pleads Guilty to Fraud

April 24, 2014

ROCHESTER, N.Y. — A former auto dealer pleaded guilty to wire fraud Wednesday. He faces a possible 20-year prison term and could be fined up to $250,000, according to a report in the Rochester Business Journal.

David Hoffman ran a dealership for three months in 2008. In that time, he used 13 vehicles to obtain $166,000 in duplicate financing from Dealer Services Corp. and Auto Finance Corp.

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