NY dealership owners arrested for lender fraud | Auto Finance News | Auto Finance News

NY dealership owners arrested for lender fraud

© Can Stock Photo / hjalmeida

Two owners of a Central Valley, N.Y.-based used-car dealership have been arrested on charges of wire and bank fraud, according to a U.S. Attorney’s Office release. The father-and-son operators of Exclusive Motor Sports, Mehdi and Saaed Moslem, allegedly defrauded lenders by overstating their net worth in loan applications. The pair also understated income in their […]

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