Amos Bridges
© 2006, Springfield News-Leader
A Carl Junction man was indicted Wednesday by a federal grand jury for wire fraud and money laundering after selling 21 used cars he bought at an auto auction using more than $215,000 in bad checks.
Christopher Ryan King, 32, is accused of defrauding Adesa Auto Auction in Tulsa, Okla., by bidding $215,170 for 21 vehicles at an auction Jan. 28, 2005, according to a press release issued by the U.S. Attorney for the Western District of Missouri.
King allegedly bought and sold used vehicles from an office in Joplin under the business name Auto Source, the release said. It said King, who was not eligible to obtain a dealer?s license in Missouri, applied for a license using his wife?s name and a false letter of credit issued by a fake bank.
The indictment alleges that King wrote bad checks to pay for the vehicles from Adesa Auto Auction and twice had a business associate impersonate a Bank of America official to assure the auction that King had funds to cover the checks.
He is charged with wire fraud for faxing a letter to the auction house that falsely purported to be from a Bank of America officer. The money laundering charge stems from a series of monetary transactions King allegedly made depositing proceeds from the car sales in various bank accounts.
http://www.news-leader.com/apps/pbcs.dll/article?AID=/20061201/BREAKING01/61201013
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment