Former Used-Car Dealer Sentenced to Federal Prison for $3 …

Nov 12, 2024 · GAINESVILLE, Ga. - Mitchell C. Simpson, who stole $3 million from companies that provided floor-plan financing to his used-car dealership, has been sentenced to federal …

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Former Used-Car Dealer Sentenced To Federal Prison For $3 …

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Nov 12, 2024 · GAINESVILLE, Ga. - Mitchell C. Simpson, who stole $3 million from companies that provided floor-plan financing to his used-car dealership, has been sentenced to federal …

justice.gov

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A $3 Million Fraud Scheme Sends Georgia Used-car Dealer To

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Nov 13, 2024 · — A car dealer in Cleveland, Georgia, was sentenced for stealing $3 million over roughly seven years from "floor-plan" financing firms, a company that helps car dealerships …

13wmaz.com

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$3M Fraud Scheme Lands Ex-Auto Dealer In Prison - NewsBreak

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Nov 15, 2024 · A former Cleveland auto dealership operator was sentenced on Tuesday to over three years in federal prison for wire fraud. U.S. District Judge Steve Jones ... $3M Fraud …

newsbreak.com

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Used Car Dealer Sentenced For $3M Floor-Plan Fraud Scheme

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Nov 13, 2024 · Mitchell C. Simpson, of Cornelia, Ga., who stole $3 million from companies providing floor-plan financing to his used-car dealership, has been sentenced to federal prison …

newsbreak.com

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Cleveland Used Car Dealer Sentenced Over $3M Wire Fraud Scheme

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CLEVELAND, Ga. - A former used car dealer who worked from Cornelia has been sentenced to federal prison over a $3 million wire fraud scheme. According to the prosecutors, 56-year-old …

newsbreak.com

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Former Used Car Dealer Pleads Guilty In $3M Fraud Scheme

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Jul 3, 2024 · A former North Georgia used car dealer has pleaded guilty to wire fraud in a $3 million scheme that defrauded lenders, federal prosecutors said. Mitchell “Mitch” Simpson, 56, …

nowhabersham.com

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Former Georgia Used-Car Dealer Pleads Guilty To $3 Million Fraud …

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Mitchell Simpson, the former owner of Mitch Simpson Motors in Cleveland, Georgia, pleaded guilty on Tuesday to wire fraud in connection with a $3 million scheme to defraud lenders. …

msn.com

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Cornelia Man Pleads Guilty In $3 Million Used Car Dealership Fraud …

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Jul 2, 2024 · A former Cleveland used-car dealership owner pleaded guilty Monday, July 1, to wire fraud in a $3 million scheme concerning floor-plan financing, according to federal authorities.

gainesvilletimes.com

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Former Used-Car Dealer Convicted Of $3 Million Fraud Scheme

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Jul 3, 2024 · The FINANCIAL – Mitchell Simpson, who orchestrated a $3 million scheme to defraud companies that provided floor-plan financing to his used-car dealership, has pleaded …

finchannel.com

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Former Cleveland Car Dealership Owner Sentenced To Federal …

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Nov 12, 2024 · A former used car dealership owner in Cleveland has been sentenced to federal prison after pleading guilty in a $3 million wire fraud case.

gainesvilletimes.com

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Former Used-Car Dealer Sentenced To Federal Prison For $3 …

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Nov 13, 2024 · Mitchell C. Simpson, who stole $3 million from companies that provided floor-plan financing to his used-car dealership, has been sentenced to federal prison for wire fraud. …

sky963.com

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Former Used-Car Dealer Convicted Of $3 Million Fraud Scheme

2 weeks from now

Jul 2, 2024 · Mitchell Simpson, who orchestrated a $3 million scheme to defraud companies that provided floor-plan financing to his used-car dealership, has pleaded guilty to wire fraud. “This …

sky963.com

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Cleveland Used Car Dealer Sentenced Over $3M Wire Fraud Scheme

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A former used car dealer who worked from Cornelia has been sentenced to federal prison over a $3 million wire fraud scheme. A former used car dealer who worked from Cornelia has been …

ground.news

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Car Dealer’s $3 Million Web Of Lies Exposed: A Shocking Scheme …

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Jul 3, 2024 · Mitchell Simpson, a former North Georgia used car dealer, has pleaded guilty to wire fraud, defrauding lenders of $3 million. Simpson, 56, operated Mitch Simpson Motors in …

tvovermind.com

FAQs about Former Used-Car Dealer Sentenced to Federal Prison for $3 … Coupon?

Who ran a car dealership fraud scheme in Georgia?

According to the U.S. Attorney's Office for the Northern District of Georgia, Simpson ran the fraudulent scheme from 2012 to 2019. He obtained millions of dollars in floor-plan financing, a type of credit used by car dealerships to purchase vehicles, from three different lenders. ...

Who pleaded guilty to wire fraud?

Simpson was convicted of wire fraud on July 2, 2024, after he pleaded guilty. This case was investigated by the Federal Bureau of Investigation. Assistant U.S. Attorney John Russell Phillips and former Assistant U.S. Attorney David A. O’Neal prosecuted the case. For further information, please contact [email protected] or (404) 581-6016. ...

How did Simpson defraud the floor-plan lenders?

Simpson defrauded the floor-plan lenders by using a single vehicle as collateral for more than one floor-plan loan, which is a deceptive and illegal practice referred to in the used-car industry as double floor-planning and triple floor-planning – a practice expressly prohibited by the floor-plan financing agreements. ...