04-19-2010, 09:24 AM | #1 |
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Former Car Dealer, Michael Holley, sentanced to 2 years in prison
News reports indicate that Michael Holley, owner of a Chevrolet and KIA dealership in Lakeland, FL, was sentenced to two years in prison and 43 years on probation. For the full news report - click here
The sentence stems from a grand theft conviction which resulted from unpaid trade liens on customer vehicles. The probation period of 43 years was established so Holley could make payments of $333/month to pay restitution of $166,850. I think it's interesting that Florida is prosecuting dealers who close their businesses with unpaid trade liens when other states seem to treat this as a civil matter. |
04-20-2010, 07:20 AM | #2 |
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Used to do a lot of dealer trades with those stores. Got to know quite a few people who worked at them and felt horrible when the stores shut down. I know the Chevy store was sold to another group and a lot of the previous employees were able to get their jobs back.
I didn't realize Michael Holley had been prosecuted and I'm glad that Florida seems to be the trailblazer on this front. |
04-20-2010, 09:22 AM | #3 | |
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Quote:
I am aware of a dealer in Northern California who was recently jailed and faces charges but that case seems to be motivated by the allegation that he didn't remit sales tax. As a final thought, I wonder if it makes a difference who the victim was when prosecutors decide whether to file charges? Would a dealer who was SOT with his bank be less likely to be charged than another dealer who didn't pay-off trade liens? |
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