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Ky. Dealer Charged With Leading $4M Repurchase Fraud

Ky. Dealer Charged With Leading $4M Repurchase Fraud

A federal grand jury has charged a Kentucky dealer and two alleged accomplices with defrauding a manufacturer — thought to be Toyota — of more than $4 million by running 350 used pickups through a consumer buyback program.

October 4, 2019

FCA to Pay $40M Fine for ‘Cookie Jar’ Sales Reports

FCA to Pay $40M Fine for ‘Cookie Jar’ Sales Reports

FCA US and Fiat Chrysler Automobiles will pay $40 million to settle charges leveled by the SEC, which accused the automaker of misleading investors by falsifying monthly sales reports to maintain the appearance of monthly gains.

September 30, 2019

Calif. AG Sues Blanco for Bank Fraud, False Advertising
Former Porsche Salesman Pleads Guilty to $3M Fraud

Former Porsche Salesman Pleads Guilty to $3M Fraud

Shiraaz Sookralli faces 20 years in prison after admitting to charges of fraud and embezzlement relating to a multimillion-dollar scheme to sell nonexistent Porsches from a South Florida dealership.

September 17, 2019

Feds: Fake FinCo Scored 80 Auto Loans Worth $1.7M

Feds: Fake FinCo Scored 80 Auto Loans Worth $1.7M

Six operators of a nonexistent auto finance company have been sentenced to federal prison or probation for fraudulently obtaining $1.7 million worth of loans from banks and credit unions.

August 22, 2019

High Risk, Low Reward: Employee Accused of Stealing ID for ’07 Corvette
Zanan Launches Dealership Fraud Hotline