FI showroom red and grey logo
MenuMENU
SearchSEARCH

Former Dealer Employee Sentenced to 41 Months for Embezzlement

The office manager of an Iowa dealership will face 41 months in federal prison for embezzling $1.4 million from his former employer, Granger Motors.

by Staff
January 22, 2013
1 min to read


DES MOINES, Iowa — Ralph L. Schippers, 58, was sentenced to 41 months in federal prison for wire fraud, announced U.S. Attorney Nicholas A. Klinefeldt. Schippers also was ordered to pay restitution in the amount of $1.4 million.

The former dealership employee will also serve three years of supervised release following release from prison. The sentence was imposed by U.S. District Judge John A. Jarvey.

Ad Loading...

Schippers pleaded guilty to the charge on Sept. 17 and admitted to embezzling more than $1.4 million from his employer, Granger Motors, over a 14-year period. Schippers accomplished the fraud by manipulating the dealership’s accounting system and causing money to be wired or deposited to his personal bank account, making fraudulent journal entries in order to conceal the fraud.

Schippers was the dealership’s office manager and, as such, was responsible for managing the dealership’s accounting systems, payroll management and similar tasks. He admitted to using some of the embezzled funds to purchase goods and services for himself and his family, including international airline tickets, hotel accommodations, meals at Des Moines-area restaurants, golf-related items, and jewelry.

This case was investigated by the Federal Bureau of Investigation–Des Moines Resident Agency and was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.

 

More F&I

Woman in casual clothing sitting at a desk
F&Iby Rick McCormickMarch 31, 2026

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

Read More →
Photo of man's hand on laptop computer keyboard with blank screen
F&IMarch 16, 2026

There Is Always one More Product

Helping F&I customers understand complementary offerings is likely to lead to more sales, based on the success of a high-performing practitioner of the philosophy.

Read More →
REGISTER FOR EFI 2026
F&Iby Kate SpataforaMarch 16, 2026

EFI Conference Extends Early Bird Discount as Room Block Nears Capacity

Ethical F&I Manager's Conference will take place at The Cosmopolitan Las Vegas on April 13–15, 2026.

Read More →
Ad Loading...
Industryby StaffMarch 6, 2026

Explore the 12 Rules for an F&I Life at EFI

EFI 2026 will take place April 13–15 at The Cosmopolitan Las Vegas.

Read More →
F&IMarch 4, 2026

Creating Your Own Economy

In this video, Reese Dailey explains how effective follow-up drives better results across the dealership, including increased sales, higher F&I penetration, and stronger customer retention.

Read More →
Industryby StaffMarch 2, 2026

Prove You Can Do F&I at EFI

‘So You Think You Can Do F&I’ is a live role-play contest taking place at the 2026 Ethical F&I Managers Conference.

Read More →
Ad Loading...
Image of two human hands, one holding the word yes, the other the word no
F&Iby Hannah MitchellMarch 1, 2026

Expect Yes in the F&I Office

It may be human nature to back off when a customer seems to say no to a product or service. But experts say F&I managers should operate as though the answer will be the opposite.

Read More →
Industryby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Industryby Hannah MitchellFebruary 23, 2026

Some Auto Brands Cheaper to Insure

A new top 10 list ranks the least expensive for average full insurance coverage on a clean driving record and high driver credit scores.

Read More →
Ad Loading...
F&IFebruary 13, 2026

Business Office Blueprint

Try following these 20 steps to greater success in the dealer F&I office this year.

Read More →