Lawsuit Targets Alleged Fraud From Car Dealers

Posted: Updated:
Indiana Attorney General Curtis Hill (file photo) Indiana Attorney General Curtis Hill (file photo)
INDIANAPOLIS -

Indiana Attorney General Curtis Hill has filed a lawsuit against several people who allegedly conspired to defraud hundreds of customers through what his office says were "illicit used car dealerships." Hill's office is seeking restitution for the consumers affected by the alleged actions.

Two of the defendants, Jerramy Johnson and Jeffrey Presnell, owned Wheels of Fortune LLC, Southpointe Motorcars LLC, and Mid America Auto Remarketing, according to Hill's office. The suite alleges Wheels of Fortune was never a licensed Indiana dealer but sold more than 350 vehicles between October 2017 and June 2018.

The company would purchase vehicles through auction using access from licensed dealer BWI Equipment Inc., which is also named as a defendant in the lawsuit. Wheels of Fortune would then sell the vehicles using BWI paperwork. Hill's office says BWI was aware of the activity and would receive $100 for every vehicle sold.

The lawsuit says the defendants are accused of several other improprieties, including: 

  • Misrepresenting the mileage on motor vehicles;
  • Paying off an Indianapolis Metropolitan Police Department officer to falsely affirm that he inspected repairs made to salvage vehicles;
  • Avoiding paying the full amount of sales taxes owed by misrepresenting the amounts paid by customers for vehicles;
  • Failing to deliver titles in a timely manner

Hill's office is asking consumers who experienced issues with any of the dealerships to file a complaint with his office. You can view the full lawsuit by clicking here.

  • Perspectives

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • 1SI executives Matt Hall and Wendy Dant Chesser talked about the project on Inside INdiana Business.

      Momentum Building at 'Hot Spot' River Ridge

      As economic development officials in southeast Indiana welcomed news last week of Louisville-based PharmaCord's plans to invest $52 million and add up to 850 jobs at the River Ridge Commerce Center, they were quick to add there is more development on the horizon. River Ridge is a sprawling, 6,000 acre park located between Jeffersonville and Charlestown that was once home to the massive Indiana Army Ammunition plant and thousands of jobs. Today more than 50 companies call River...

    • Foppers CEO Michelle Leffurt (left) and Executive Director of National Sales Emily Gillam

      Logansport Company Selected in Walmart Open Call

      A Logansport-based dog treat manufacturer is one of several companies chosen to have their products sold on Walmart shelves. Foppers Pet Treat Bakery took part in Walmart's annual Open Call event, in which hundreds of small businesses and entrepreneurs pitched their products for the chance to sell them in stores. Foppers Chief Executive Officer Michelle Leffert says she was shocked to hear she was selected during the two-day event at Walmart's headquarters in Arkansas.

    • Colts Name Overton As Producer

      The Indianapolis Colts have named Larra Overton as the team's new producer and on-air talent. Overton currently is a sports reporter and anchor for Fox59 WXIN/CBS4 WTTV. She will serve as producer for Colts Productions and will serve as the television sideline reporter for preseason broadcasts and radio sideline reporter for regular season games. Overton holds two degrees from Indiana University. 
    • Bethel University Names CFO

      Bethel University has named Jerry White as vice president for administration & finance and chief financial officer. White most recently served as COO at Culver Academics and will begin his new duties on August 19. He has nearly two decades of business and finance career experience with prior positions as vice president for finance and administration at Albion College and as vice president at Spring Arbor University. 

    • Stacy Deitrich

      MutualFirst Adds Deitrich

      Muncie-based-MutualFirst Financial has appointed Stacy Deitrich loan originator at the bank's subsidiary, Summitmortgage in St. Joe, Michigan. She has worked in the mortgage lending industry for ten years.