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IRS

Father/Son Dealers Face Federal Fraud Charges

Mehdi and Saaed Moslem have been charged with tax and bank fraud after IRS and FBI investigators say they uncovered a scheme to hide — then inflate — income from their Upstate New York auto dealership.

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Feds: Texas Dealership Fronted Gambling Enterprise

Three members of the Tillery family of Beaumont, Texas, have admitted to operating a gambling and money laundering ring fronted by their buy here, pay here dealership and its holding company.

Dealer Fines and How to Avoid Them

Compliance guru outlines the simple steps every dealer must take to avoid violations of federal OFAC, Used Car, Red Flags, and IRS standards — and the steep fines that accompany them.

Vancouver Dealer Pleads Guilty to Money Laundering, The Oregonian Reports

Vancouver's “Fast Eddie” pleaded guilty Tuesday after he was allegedly caught laundering cash from a Maserati sale to an undercover IRS agent, according to a news report from The Oregonian.

Antique Auto Dealer Sentenced for Bank Fraud and Money Laundering

Texas dealer sentenced to prison for federal bank fraud and money laundering. He must also pay more than $1.4 million in restitution.

FBI Seizes Inventory at Kentucky Dealership

Following auto dealer Marty W. Stevens’ indictment on theft charges, federal, state, and county law enforcement officers seized multiple vehicles and business records from his used-car dealerships and home.

Reinsurance’s Resurrection

Ask Bob Cockerham about his reinsurance program and he's quick to say it was his dealership's one glimmer of hope.

Understanding the Pesky Form 8300

There is a popular sci-fi show on TV called The 4400. It features some 4,400 people who were abducted by aliens and returned to earth en masse.