04-15-2010, 01:32 PM | #16 | |
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That said, I wouldn't want to be fighting with a U.S. Attorney who likes to hold press conferences. It's funny how stories alleging tax fraud always seem to fill the headlines each year around April 15th. |
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04-15-2010, 01:59 PM | #17 | |
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Does Press also have a FORECLOSER or Two with a Toyota Credit Union as well? Last edited by XDCX; 04-15-2010 at 02:24 PM. Reason: Fixed quote tag to make post easier to read |
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04-15-2010, 02:40 PM | #18 | |
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Concerning Press; his situation with the IRS and his credit union loan default have mostly dropped off the radar screen. The most recent report I've seen dates back to October of last year when it was reported he owed the IRS almost $1 Million and his credit union was suing him for defaulting on a $609K loan. Press was quoted a few times when the Toyota recall issue was red-hot with the media but I never read anything regarding his situation with the IRS or his credit union. |
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04-15-2010, 07:39 PM | #19 |
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Sounds like Barbera is just trying to get a cabinet appointment with the current administration, or at least to have an opportunity to work under Timothy Geithner...
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05-07-2010, 08:05 AM | #20 |
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Barbera pleads guilty to not reporting "Dealer Rewards" money from Chrysler Financial
News reports indicate Gary Barbera has plead guilty to tax fraud charges that could lead to a jail sentence between 12 - 18 months. Here's a link to the full report - click here
Barbera admitted he instructed Chrysler Financial to make his quarterly "Dealer Reward" checks made payable to himself and never reported the income on his dealership or personal tax filings. The charges relate to his 2003 and 2004 tax filing and resulted in cheating the IRS out of $77,675 in taxes. I'm amazed that it took this long for him to get caught and that he'd be so brazen to think he could get away with this scheme. Even more surprising, why would a dealer like Barbera risk jail time over what is such an insignificant amount of money to him? |
11-06-2010, 09:31 AM | #21 |
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Barbera spared jail time - gets three year probation
News reports indicate Gary Barbera was sentenced yesterday to a three year probation and will be required to wear an electronic monitoring device. For the full report - click here
The report referenced his Chryslerland Dealership - is it still operational? Did he find a new flooring source? |
11-06-2010, 10:32 AM | #22 |
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11-06-2010, 10:43 AM | #23 |
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11-06-2010, 11:23 AM | #24 | ||
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11-08-2010, 05:30 AM | #25 |
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Auto dealer Gary Barbera was sentenced Friday to three-year’s probation, which includes one year of home confinement, for filing false tax returns, federal prosecutors in Philadelphia said.
Barbera, 45, of Gladwyne, Pa., operates Gary Barbera’s Chrysler Group at 7810 Roosevelt Blvd. in Northeast Philadelphia. He pleaded guilty on May 6 to filing false returns for the car dealership bearing his name for the tax years 2003 and 2004. In addition to the probationary and home confinement term, U.S. District Court Judge Jan E. DuBois ordered Barbera to pay $119,744.55 in restitution to the Internal Revenue Service and to pay a $30,000 fine. The case was investigated by the IRS criminal investigation division and was prosecuted by Assistant U.S. Attorney Mary E. Crawley. Read more: Car dealer Gary Barbera sentenced | Philadelphia Business Journal |
11-08-2010, 06:59 AM | #26 | ||
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I wonder if he had a few good months over the summer or if it was just a one month spike? |
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01-27-2011, 12:39 PM | #27 |
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Barbera's back in the news
It appears Gary Barbera and his Chryslerland dealership are back in the news. Here's a link to the news report - click here
When I first read the report I thought it was a re-print from last year but when I read further I noticed the report made reference to Barbera's probation - something that's relatively recent. It's hard to say what's happening, but it's rarely a good thing when the State Police start hauling off documents and the power company shuts off the electricity. |
01-28-2011, 10:54 AM | #28 | |
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It appears Babera's store has been operating for over a year without a flooring source and yet it remains an active dealer code on Chrysler's website. I wonder why Chrysler has allowed some dealers without a flooring source to continue while they've pushed others to self-terminate? |
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01-28-2011, 05:36 PM | #29 | |
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. Last edited by XDCX; 01-28-2011 at 07:39 PM. Reason: Fix quote tag to make post easier to read/understand |
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01-29-2011, 09:22 AM | #30 | |
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The difference in value between an open dealership and a closed one is huge - especially when you factor in today's commercial real estate market. It would certainly be in Chrysler Financial's best interest to keep Barbera's store open until he finds a flooring source or a buyer. |
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