Ex NJ Dealership Staffer Charged in Theft Scheme
Former Nissan store ad executive arrested. Prosecutors say he established shell companies to hide crimes.

The thief's connection with the shell companies was concealed via an online payment processing service used to bill the corporate credit account.
IMAGE: Getty Images/rudall30
A former employee of a New Jersey Nissan dealership was charged this week in a $1.3 million money laundering and theft case.
Detectives arrested Martin D’Amato, 37, who previously headed digital advertising for Pine Belt Nissan in Toms River.
Prosecutors say charges to the dealership for advertising contracts to shell companies were at the heart of the scheme. D'Amato was authorized to hire freelance ad and marketing firms to promote Pine Belt Nissan, the prosecutor's office said. The dealership discovered the scheme in an internal review that showed its credit card expenses exceeded budgeted amounts, according to an Ocean County Prosecutor’s Office news release.
An “elaborate shell company scheme” was used to misappropriate more than $1.3 million from the dealership, the release indicates.
The dealership credit card was charged for services never rendered, and the prosecutor’s office said D’Amato's connection with the shell companies was concealed via an online payment processing service used to bill the corporate credit account. The service then transferred the money to accounts he controlled, the news release said.
Originally posted on Auto Dealer Today
More Industry

RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Selling to Grow
The question of whether you should sell your agency and if so, when, is up to you. But it’s a question worth asking to ensure you keep the business on the right path for yourself, employees and clients.
Read More →
Recalled Vehicles Hit 5-Year High
Though the number of events has fallen so far this year, impacted units are up significantly. Meanwhile, regulators consider consumer notification changes.
Read More →
Auto Group Acquires Top-Performing Rooftop
Car Pros sold its Kia Huntington Beach location to Sutherlin Automotive Group, marking the buyer’s third location in Southern California.
Read More →
China as Pacesetter
Automotive leaders huddled on where North America stands in the global picture and how it can strengthen its position against the Asian juggernaut’s surging industry.
Read More →
BMW Concept Car Makes Fuel to Burn
The prototype developed in concert with a South Carolina university engineering team generates more solar energy than it uses in a typical daily commute.
Read More →
South Carolina Auto Group Downsizes
Florida-based group Holler-Classic has acquired four rooftops, its first in South Carolina, from Dick Smith Automotive Group.
Read More →