In this file photo, unsold Hyundai Tucson crossovers sit at a dealership in Littleton, Colo.David Zalubowski / Associated Press In this latest episode of Used Car Salesmen Behaving Badly, a metal-moving bloke from Dartmouth, Nova Scotia has been sentenced to 44 months in the slammer after being found guilty of excessive financial chicanery. In most cases, it seems Michael David Surette took money for cars that were never delivered.The man was also fined tens of thousands and ordered to reimburse the customers he defrauded to the tune of $38,841. Those offenses took place between 2015 and 2018 during his tenure as a salesman at a place called Used Car Factory 21. To cap it all off, for part of that time he was on probation for previous fraud-related convictions. Lovely.Court records for the case read like a horror story of financial fraud, with person after person listed as being unlawfully defrauded. Not to excuse any sort of fraud, but it is especially galling that most of the incidents were for less than $5,000, suggesting they were targeted actions against people buying cheap used cars. Indeed, one victim was noted by the judge as having a minimum wage part-time job that sometimes began at 500 a.m. After borrowing more than $3,900 for a vehicle he never obtained, the man still had to walk to work 30 minutes each way. The fraud amounts ranged from $12,624 to just $600.In a damning indictment of the privilege from which he grew, the 53-year-old Surette is described as having enjoyed a great childhood in a home where he did not experience abuse nor witness any substance addictions.The author of the pre-sentence report noted that Surette stated he accepted responsibility for his actions. With respect to the offences before the Court, Mr. Surette expressed I guess I had no reason to do it, I shouldnt have done it. I guess opportunity.Considering the credit received for time already spent in custody, Surette will spend another 30 months as a guest of the prison system.Stay vigilant,
Origin: Nova Scotia used car salesman sentenced for almost $40k in fraud
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Former Volkswagen CEO, four other execs charged with fraud in Germany
Martin Winterkorn, former chairman of German car maker Volkswagen (VW).Tobias Schwarz German prosecutors have indicted former Volkswagen CEO Martin Winterkorn and four others on charges of fraud and unfair competition, saying he failed to prevent the manipulation of engine software that let Volkswagen cars cheat on diesel emission tests. Prosecutors in Braunschweig said Monday that Winterkorn knew about the deceptive software since at least May 25, 2014, despite his public statements he only became aware of the issue shortly before the scandal broke in September 2015. The prosecutors said the defendants – all of them top Volkswagen managers – were part of an ongoing deception that started in 2006. The company has admitted installing software that could tell when the cars were on test stands for emissions certification. When the cars went on to everyday driving, the emission controls were turned off, improving mileage and performance but emitting far more than the U.S. legal limit of nitrogen oxides, a class of pollutant that is harmful to health. The prosecutors say the defendants added a software update costing 23 million euros in 2014 in an attempt to cover up the true reason for the elevated pollution emissions during regular driving. Winterkorn and the others face from six months to 10 years imprisonment if convicted on charges of aggravated fraud involving serious losses. Bonuses collected due to sales based on the deception could be forfeited. Prosecutors said bonus that could be forfeited ranged from around 300,000 euros to 11 million euros (US$340,000 to US$12.45 million). Volkswagen has paid more than 27 billion euros in fines and settlements in the months and years since being caught. The company apologized and pleaded guilty to criminal charges in the United States, where two executives were sentenced to prison and several others charged, although they could not be
Origin: Former Volkswagen CEO, four other execs charged with fraud in Germany