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U.S. Attorney

Serra Nissan Manager Charged With Defrauding Manufacturer

Federal prosecutors have accused the general manager of Serra Nissan of directing dealership employees to falsify sales reports to receive incentive payments from the manufacturer. Earlier in the week, the dealership’s controller was arrested for fraud.

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DOJ Charges N.C. Dealers With Credit Discrimination

A joint complaint filed in North Carolina alleges buy-here, pay-here dealerships targeted African-American customers for unfair and predatory credit practices that violated federal and state law.

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.

Modesto, Calif., Dealer Found Guilty of Conspiracy to Commit Bank Fraud

Two brothers, operators of three used-car lots in Modesto, Calif., were found guilty of conspiracy to commit fraud. The men allegedly prepared misleading and false financial statements in order to obtain financing for ineligible customers.

Man Arrested, Charged With Series of Car Loan Scams

A man who allegedly posed as a car dealer to obtain loans for cars he did not own was arrested last week. The scheme defrauded individuals and banks of more than $150,000.

Mo. Dealer Pleads Guilty to $1.7 Million Bank Fraud Scheme

Aaron Matthew Payne, owner of three Missouri auto dealerships, pleaded guilty to a bank fraud scheme that involved 118 financed vehicles.