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Home › Former car dealer pleads guilty in $50 million fraud

 

Former car dealer pleads guilty in $50 million fraud

2015-10-07 04:22:34| Auto Dealers - Topix.net

A Southern California man who spent nearly three decades on the run has pleaded guilty to defrauding banks out of nearly $50 million while running the nation's third-largest car dealership. Seventy-one-year-old Eminiano Reodica Jr. entered the plea Monday in Los Angeles to federal charges of bank fraud and lying to banks.

Tags: car million dealer fraud

Category:Automotive

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