agent Entrepreneur logo
MenuMENU
SearchSEARCH

Ex-Dealer Pleads Guilty to Tampering Charges

The former owner of Big Red Dealerships faces up to 20 years in prison and a $250,000 fine for each of the two counts.

July 20, 2023
Ex-Dealer Pleads Guilty to Tampering Charges

By entering a guilty plea, the government has agreed to drop a third count of tampering and not bring any other charges.

Credit:

Ekaterina Bolovtsova, Pexels

2 min to read


A former dealer of Oklahoma Kia and Mitsubishi has pleaded guilty to two counts of tampering in an auto lender fraud case, resulting in a third charge being dropped as part of the plea deal.

Bobby Mayes, former owner of Big Red Dealerships, faces up to 20 years in prison and a $250,000 fine for each of the two tampering charges he pleaded guilty to.

Ad Loading...

The plea agreement also requires him to:

  • Pay a combined $1.2 million in restitution to lenders, including more than $480,000 to Santander Consumer USA, $156,000 to Flagship Credit Acceptance and about $110,000 to Encore Automotive Acceptance

  • Accept a monetary judgment of $1 million in profit, subject to asset forfeiture

  • Face potential sentencing of 108 to 135 months in prison, not including mandatory minimum sentencing requirements

By entering a guilty plea, the government has agreed to drop a third count of tampering and to not bring any other obstruction of justice or witness-tampering charges against Mayes related to his actions in November 2021 through October 2022 that include:

  • Providing the funds to help co-defendent Courtney Wells flee to Mexico while they both awaited sentencing in the fraud case

  • Sending the court an anonymous email in October 2022 containing fabricated claims of a meeting and evidence, to secure a new trial in the ongoing proceedings

Mayes, Wells and co-defendant Charles Gooch were first found guilty on Nov. 19, 2021, of a range of charges, including conspiracy to commit wire fraud, multiple counts of wire fraud, forgery, and aggravated identity theft. The conviction pertains to the actions of Mayes’ group (including Big Red Sports/Imports, Big Red Kia, Norman Yamaha, Norman Mitsubishi, and Mayes Kia) between January 2014 and March 2019. The charges involved the group using fraudulent tactics to persuade lenders to give loans to customers with poor or no credit whom the company had targeted.

Ad Loading...

The jury found Mayes and Gooch guilty on all 25 counts. Wells was convicted on 19 of 25 charges but was acquitted on six of the 12 wire fraud counts she faced.

Mayes won't face further prosecution for any other acts of wire, bank fraud or identity theft from 2012 to November 2021, as agreed by the Western District of Oklahoma U.S. Attorney's Office.

Originally posted on Auto Dealer Today

More F&I

Tiny toy car falling out of jar of coins. “The $1K Payment”
F&Iby Lauren LawrenceJuly 17, 2026

Four-Figure Loan Payments on the Rise

A LendingTree analysis found that location, age and credit score play a role in the rising amount of auto loan borrowers who make monthly payments of $1,000 or more.

Read More →
Headshot photo of smiling businesswoman
F&Iby StaffJuly 14, 2026

APCO Holdings Acquires Fidelity Dealer Services

The finance-and-insurance product provider says the addition strengthens EasyCare’s reach across key markets.

Read More →
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Ad Loading...
Red toy car sitting on top of coins.
F&Iby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Two men and a woman on stage in discussion
F&Iby StaffJune 19, 2026

Ensure Your Clients Are Sure About Reinsurance

Industry experts recently broke down the complicated profit center at Agent Summit. Learn what’s relevant and what’s new to share with your dealers.

Read More →
Photo of paper money bills, a calculator, notepad and pen
F&Iby Hannah MitchellJune 11, 2026

Car Loans More Plentiful

May access opens up, as risk segments figured largely in the increased availability, Cox Automotive reported.

Read More →
Ad Loading...
Photo of a white toy car next to piles of coins
F&Iby Hannah MitchellJune 8, 2026

First-Quarter Sees Long Auto Loan Growth

Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.

Read More →
Photo of woman typing on a laptop as she sits on a couch
F&Iby Hannah MitchellMay 29, 2026

Auto Consumer Anxiety Presents Opportunity

A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.

Read More →
red toy car resting on top of a calculator. Agent Entrepreneur logo. Shifting Financing Strategies
F&Iby Lauren LawrenceApril 2, 2026

New-Vehicle Financing Hits Record

Consumers are seeking ways to make financing new-vehicle purchases manageable, from extended loan terms to smaller down payments, according to Edmunds.

Read More →
Ad Loading...
Car key, stacks of coins, and a paper car cutout with AutoPayPlus logo, representing auto financing, loan terms, and vehicle affordability trends.
F&Iby StaffMarch 31, 2026

Survey Reveals What Won't Fix What's Breaking Car Sales

AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.

Read More →
Ad Loading...