S.C. Dealer Sues Former GM, F&I Manager
Hoover Mitsubishi’s Mark Hoover has sued two former employees accused of doctoring auto loan applications, a scheme that led to an FBI raid and the shuttering of the dealership.
Charleston, S.C.’s Hoover Mitsubishi has been closed since a June FBI raid. Owner Mark Hoover has filed suit against two former employees over a bank fraud scheme that led to the raid and the store’s closure.
Photo by 1778011 via Pixabay
CHARLESTON, S.C. — The owner of a Mitsubishi dealership in Charleston, S.C., has filed a lawsuit in federal court against his former general manager and F&I manager, alleging the pair concocted a bank fraud scheme that led to the store’s closure, according to The Post and Courier.
Hoover Mitsubishi has been shuttered since June, when the FBI raided the dealership. Criminal charges against the dealership, its former general manager, Shawn Rustin, and former F&I manager Kentrell Davis have yet to be filed.
In his lawsuit, Mark Hoover, owner of the dealership’s parent company, CarFare Charleston LLC, claims Rustin and Davis conspired to falsify an undisclosed number of auto loan applications with nonexistent trade-ins and down payments, inflated incomes, and fake utility bills.
Hoover said he was tricked into personally signing off on loan documents to perpetuate the scheme, said to have extended over a five-year period leading up to the raid.
“Filing this suit is the right thing to do, given what the Hoover family has learned about the defendants,” Hoover said.
To read the Post and Courier article, click here.
Originally posted on Auto Dealer Today
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