Nebraska auto dealer Allen Patch, the owner of a Ford Lincoln Mercury dealer and Toyota dealership in Scotts Bluff, Nebraska faces felony theft charges for the theft of 81 new vehicles from his own dealership and two of his employees .
As reported by Automotive News, the dealer used fake cashier's checks to pay a vehicle transport company to haul 9 auto carriers late at night on 3/9/09 said John Childress, chief deputy attorney in Scotts Bluff County.
Employees arrived the next day to find the dealership virtually empty of new vehicles and are shocked by the situation, especially with the management missing. The pieces are starting to fall into place as many of the employees started noticing that the owners of the store started requesting temporary titles for the vehicles that were transported away.
The FBI is reporting that some vehicles have been recovered and have been turning up in several places such as Utah, Las Vegas and 7 vehicles at Bargain Buggy's outside Salt Lake City.
Allen Patch the owner of the dealership and Rachel Falt the Controller, were arrested on Wednesday 3/11/09 and Rick Covello the General Manager turned himself in on 3/12/09.
With many businesses struggling, I hope that this is not what many business people would turned to to resolve financial pressures. There are alternatives to resolve your financial hardship including bankruptcy. The Florida Auto Dealers Association is hosting seminars on bankruptcy protection for it's members as many dealers and other businesses are facing mounting pressure because of not having access to credit to operate their businesses.
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