Go Back   DealershipForum.com > Dealer Talk > Automotive Discussions

Notices

Automotive Discussions Car People talking about the Car Business – This is the place where it happens

Reply
 
Thread Tools Display Modes
Old 05-19-2011, 06:12 AM   #1
SHACOS
Super Moderator
 
Join Date: Jan 2008
Posts: 838
Default Christopher's Dodge World Accused of Forgery

http://www.9news.com/news/article/19...ed-for-forgery

Something I'm very familiar with in the auditing world and something that probably goes on all the time, especially with incentive-based pay scales. In my time in the automotive industry, I ran into this type of shady practice at least 10 times. It's really sad, especially for the customer who expects one thing and gets something completely different.
SHACOS is offline   Reply With Quote
Old 05-19-2011, 08:53 AM   #2
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default

That's really interesting - thanks for starting the thread.

Although I've only met him on a few occasions I've always been a big fan of Chris Hall - he's a self-made man. While I hate to hear that one of his employees is suspected of forgery I liked that Mr. Hall wasn't defensive and wants to see someone sent to jail "if there's a thief in the house."

It's interesting that the TV station is spinning the story that the higher rate loan was forged to increase the dealer's profit. My bet is the customer didn't qualify for the 4.99% rate and the deal needed to be re-contracted.

That said, what was the accused forger thinking? Not only is it illegal to forge a signature but the odds of getting caught are very high. I wonder if the second contract stripped away products or extended the term of the loan so the monthly payment didn't go up?
XDCX is offline   Reply With Quote
Old 05-19-2011, 09:09 AM   #3
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default

On an added note, if all of the allegations in this case prove to be true, I hope the judge adds extra time to the jail sentence because the forger misspelled the customer's name.
XDCX is offline   Reply With Quote
Old 05-19-2011, 01:20 PM   #4
SHACOS
Super Moderator
 
Join Date: Jan 2008
Posts: 838
Default

Haha! I miss that in the article. On one occasion, I found someone forging signatures in print, instead of cursive. Kind of easy to spot, no?
SHACOS is offline   Reply With Quote
Old 05-19-2011, 02:12 PM   #5
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default

Quote:
Originally Posted by SHACOS View Post
Haha! I miss that in the article. On one occasion, I found someone forging signatures in print, instead of cursive. Kind of easy to spot, no?
What is it with stupid criminals?

I'd still like to compare the first contract with the second one. My bet is the payment is the same but the interest rate went up and the price of the vehicle was lowered or F&I product was stripped away.
XDCX is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
BBDO accused of stealing the "Ram Challenge" idea XDCX Sales 2 10-07-2009 03:32 PM
Is the world ready for a Four Door Porsche Sports Car? XDCX Sales 5 01-31-2009 02:25 PM
Employee accused of embezzling $104K from Dealership XDCX Automotive Discussions 1 11-20-2008 07:52 PM


All times are GMT -7. The time now is 08:04 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright DealershipForum.com - 2008 - 2016