Pennsylvania man defrauds credit union | Auto Finance News | Auto Finance News

Pennsylvania man defrauds credit union

Photograph courtesy of Belco Community Credit Union.

A Pennsylvania resident pleaded guilty to bank fraud on Tuesday, the Department of Justice announced this week.

Rene Roy, age 51, of Mechanicsburg, Pa., admitted to submitting falsified documents to Belco Community Credit Union in order to obtain a lower interest rate on an auto loan. Details on which documents Roy falsified were not specified in court documents filed with the U.S. District Court Middle District of Pennsylvania.

Roy first appeared in court Jan. 21, and entered a guilty plea. He has since been released and awaits sentencing. He faces up to 30 years in prison, supervised release and an undisclosed fine.

Harrisburg, Pa.-based Belco Community Credit Union was not available for comment at press time.

For more content like this, join us at the upcoming Auto Finance Accelerate event, March 9-11 at the Omni San Diego. Combining three crucial topics in auto lending and leasing, Auto Finance Accelerate dives into the strategies and knowledge needed to enhance your company’s auto finance sales, marketing, and innovation. Register before Friday, Jan. 31 to save with early registration rates. Visit www.AutoFinanceAccelerate.com to learn more.

  Like This Post
Latest Magazine Issue
Sign Up Email List
Big Wheels Auto Finance Data Link