Navy Federal Used Car Scammer Receives Prison Sentence
A federal judge has sentenced a used car salesman to seven years in prison for defrauding $1.2 million from Navy Federal Credit Union.
According to the complaint, Jady Brooks was working in Rocky Mount, N.C., when he recruited buyers to obtain loans from the $48 billion credit union for cars that did not exist. He would then share some of the funds with the buyers. Even though the cars did not exist, some of the buyers made payments to Navy Federal.