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embezzlement

Va. Parts Manager Faces 20 Years for Embezzlement

A former dealership employee was accused of systematically scrapping nearly $250,000 worth of catalytic converters and selling them to a recycling center for pennies on the dollar.

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Former Ark. Dealership Employee Arrested on Embezzlement, Fraud Charges

Janet Christine Stair is charged with concocting a service-ticket scheme that defrauded a Hot Springs Chrysler dealership of more than $17,000 and charged its factory nearly $12,000 for phantom warranty work.

Calif. Dealer Sentenced to 13 Years for Embezzlement

The former owner and operator of Costa Mesa Bellagio Motors, a car dealership that specialized in buying and selling high-end luxury vehicles, was sentenced this week after pleading guilty to embezzling more than $2 million from unsuspecting customers.

Ariz. Dealership Employee Arrested For Embezzlement

Police believe the dealership lost between $13,000 and $25,000 when a service appointment coordinator began reversing charges for auto repairs and adding them to her personal credit card.

Scam Artists: Embezzlement in Car Dealerships

Enforcing accountability is the only sure way to prevent the embezzlement of dealership funds.

Inside Job: Special Report on Embezzlement

Embezzlement leaves a black mark on the industry and can be devastating to the affected dealership. But there are only so many staffers with access to accounting records, and most embezzlers fit a known profile. So why does each case seem to take dealers by surprise?

Deconstructing Bankruptcy

When a sudden financial loss strikes an otherwise profitable dealership, filing for bankruptcy may be the best way to save the store.

Former Dealer Controller Pleads Guilty to Embezzling $100K

Frank Fletcher Ford in Joplin, Mo., is the latest victim of an embezzling controller who admits to stealing about $88K from the dealer, according to court documents filed in the U.S. District Court for the Western District of Missouri Southwestern Division.