Articles

July 29, 2010

Ducktown Dodge dealer sentenced for fraud


Some dealers choose to engage on unscrupulous business practices, such as fraud, putting their entire business at risk. That's exactly what happened to Erik Brucker, who owns Ducktown Dodge in Ducktown, Tennessee.

According to the FBI, Brucker was colluding with an agent at a local bank in order to falsify income information so that unworthy loan applicants would be approved. Brucker would send unsuspecting victims to meet with Barron Mays of the local SunTrust Bank. Mays would then make up income information for the customer so that they could get a loan without the customer's knowledge.

Often, this meant customers taking on loans that they simply couldn't afford. In many cases, Brucker seized the cars back from customers after failing to make a payment, and one victim was even forced to declare bankruptcy.

A District Court Judge sentenced Brucker to 27 months in prison and forced him to pay $137,901 in restitution. Mays, who was previously prosecuted, received a 24 month sentence.

Fraud within dealerships can be just as prevalent as customers attempting to defraud dealers through identity theft scams. ADNFCR-3173-ID-19913888-ADNFCR

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