How double-pledging of assets to warehouse lines – an allegation levied at Tricolor – could happen
The Department of Justice is investigating Irving, Texas-based subprime auto lender and buy here, pay here retailer Tricolor for allegations ...
Tag: Floorplan Fraud
Colorado dealership investigated for floorplan fraud
Used-car dealer Tripoli Auto Sales has come under investigation by the Auto Industry Division of the Colorado Department of Revenue ...
Reagor-Dykes employee admits to $27M floorplan scam
Prosecutors have secured their 10th guilty plea in the on-going Reagor-Dykes case, according to court documents filed in Amarillo, Texas ...
9th person pleads guilty to scamming Ford Credit in Reagor-Dykes case
The executive assistant for former Reagor-Dykes Chief Financial Officer Shane Smith is the 9th employee to plead guilty for her ...
NMAC wins $2.5m in floorplan fraud case
A federal judge has ruled in favor of Nissan Motor Acceptance Corp. after it was determined a used-car dealership defrauded ...
NextGear Capital sues defunct dealership for floorplan default
NextGear Capital has filed a complaint against a Canadian used-car dealership and its owner, claiming the dealership defaulted on its ...
NY dealership sells cars in HCA floorplan fraud suit
In response to Hyundai Capital America’s floorplan fraud suit, Cortland Manor, N.Y.-based Picon Motors LLC claims it is no longer ...
Texas bank sues Ford Credit for $25M
Ford Motor Credit has been sued for $25 million by the International Bank of Commerce (IBC) for allegedly failing to ...
