The Industry's Leading Source For F&I, Sales And Technology


Ex-Lithia Employee Pleads Guilty to Embezzlement

October 08, 2015

BILLINGS, Mont. — A former employee of Lithia Chrysler Jeep Dodge pleaded guilty this week to stealing approximately $288,000 from the dealership over a nine-year period. Renee Ann Zinnecker, 51, said at a hearing Oct. 6 that she used the money to pay for groceries, clothes, utilities and her children’s cell phone bills, among other things, the Billings Gazette reports.

Prosecutors said the thefts ran from 2005 to 2014, when Zinnecker used her position as office manager to skim money using a practice called “account lapping.” Instead of making timely deposits, Zinnecker held checks for days or weeks until she had enough checks to come close to the amount she had entered in the dealership’s general ledger for a given day.

To read the full story, click here.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  



CFPB Considering Ban on Arbitration Clauses

The bureau is seeking to ban pre-dispute arbitration clauses that block class action lawsuits. The proposals under consideration would allow companies to use arbitration for individual disputes, but would require those companies to submit to the CFPB the arbitration claims filed and awards issued.