Former Dealership Employee to Serve 15 Months for Embezzlement
A Newport woman is going to federal prison for 15 months for her part in a $368,000 embezzlement scheme, the U.S. Attorney’s Office in Vermont said Monday, reported Burlington Free Press. Manon Cote, 47, had admitted to committing forgery between January 2007 and January 9, 2012 in connection with the money stolen from DeLaBruere’s Auto ... Read More »
A Newport woman is going to federal prison for 15 months for her part in a $368,000 embezzlement scheme, the U.S. Attorney’s Office in Vermont said Monday, reported Burlington Free Press.
Manon Cote, 47, had admitted to committing forgery between January 2007 and January 9, 2012 in connection with the money stolen from DeLaBruere’s Auto Sales, Inc., court records show.
Cote embezzled the money between 2006 and 2012 while serving as the office manager for the new and used car and truck dealership in Newport, the investigation by the U.S. Secret Service and state police showed.
Assistant U.S. Attorney Gregory Waples said Cote took the money primarily by stealing cash from the daily receipts she was responsible for depositing into the company’s account at the Community National Bank.
Cote tried to cover up the thefts by writing company checks to unauthorized persons in amounts equal to the sum of cash she was stealing, then depositing the checks back into the company bank account, officials said.
Cote used without authority the signature stamp of the sole owner Gilles DeLaBruere to issue those checks, the indictment said.
“Cote stole additional company funds by improperly issuing checks to herself; by using company funds to pay personal loans; and by using the company credit card for personal reasons,” Waples said in a news release. Among the personal purchases was a laptop computer
Senior Federal Judge J. Garvan Murtha, presiding in Brattleboro, told Cote that once discharged from prison that she will be on supervised release for three years.
Murtha broke down the restitution: $267,785 to DeLaBruere’s Auto Service as the first priority until paid in full, $50,360 to Sentry Insurance and $50,000 to Zurich American Insurance.
The judge waived interest on the restitution.
Murtha told Cote to surrender Nov. 18 to the Federal Bureau of Prisons. He said he would recommend she serve her sentence at the minimum security satellite camp at the federal prison in Danbury, Conn.
A federal grand jury in Burlington returned a three-count indictment on March 21, 2013, charging Cote with mail and wire fraud and forging checks of an organization, officials said.
Two fraud counts were dismissed Monday as part of the plea bargain. Cote pleaded guilty to the forgery charge last October. Her sentencing was scheduled five times before it was held Monday.
More Industry

Consumer Outlook on the Rise
Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
Read More →
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →