Auto dealer pleads guilty to fraud, according to Rochester Business Journal.
A former auto dealer who used the same vehicles to obtain financing from two different lenders has pled guilty to wire fraud.
David Hoffman, 40, briefly ran a local auto dealership in 2008. Over the dealership’s three-month span, he used the same 13 vehicles to obtain financing from two lenders, Dealer Services Corp. and Auto Finance Corp., obtaining $166,000 in duplicate financing.
Hoffman pled guilty Wednesday to wire fraud charges. The conviction caps an FBI investigation, federal officials said.