Red car money handcuffs. shopping for vehicles fraud car sale, breaking the law auto dealer concept. Source: Adobe Stock

An auto dealer allegedly applied for $555,000 in loans from eight credit unions for the same vehicles, federal prosecutors for the Middle District of Tennessee in Nashville said.

Andrew Oliver, 31, of Cadiz, Ky., who is the owner of First Choice Auto Sales in Clarksville, Tenn., and AJ’s Auto Sales in Hopkinsville, Ky., pleaded not guilty to one felony count of bank fraud. However, he is expected to change his plea during a scheduled court hearing in May.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Strozniak

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.