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wire fraud

Toyota to Pay $1.2 Billion for Acceleration Issues

Toyota will pay a $1.2 billion financial penalty — the largest penalty ever imposed on an automotive company — for concealing and making deceptive statements about two safety issues affecting its vehicles in 2009, the U.S. Department of Justice announced last week.

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Dealers Listed as Victims of Advertiser’s Money Laundering Scheme, The Advocate Reports

According to a report from The Advocate, Raymond Christopher Reggie, former brother-in-law to U.S. Sen. Ted Kennedy, is charged with six counts of money laundering. In his scheme, two Louisiana car dealers lost a combined total of $1.1 million.

Former Dealer Controller Pleads Guilty to Embezzling $100K

Frank Fletcher Ford in Joplin, Mo., is the latest victim of an embezzling controller who admits to stealing about $88K from the dealer, according to court documents filed in the U.S. District Court for the Western District of Missouri Southwestern Division.

Former Car Dealer Gets 16 Months for Defrauding Credit Union

A former used-car dealer based in Oklahoma City will serve 16 months in prison and pay $276,000 in restitution. The man was charged with taking out duplicate loans on multiple vehicles.

Three Dealer Operators Charged With Money Laundering, Wire Fraud

Operators of Mike’s Auto Sales Inc. and A-1 Auto Finance Company were charged with money laundering and wire fraud.

New Jersey Dealer Arrested for $7 Million Check Fraud

The former owner of a Bordentown, N.J.-based car dealership was arrested for allegedly defrauding local banks of more than $7 million in a check-kiting scheme, according to the U.S. Attorney’s Office.

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