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Dealer Ordered to Pay $50K for VSC Fraud

June 09, 2014

CONCORD, N.H. — A dealership manager was ordered to pay at least $50,000 for taking money from customers and failing to transfer that money to an extended service contract provider, according to the Associated Press.

In addition to keeping money meant for the extended service provider, Edward Walter of illegally offered an “in-house warranty” for an extra fee. He pleaded guilty to theft charges in January.

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