Wow, that’s something. Having to value one’s assets for a car loan is contrary to my experience.
The last two times I sought a car loan (>20 years ago ... pay cash now), basically all I did was fill out some basic info (name address, employer, how long there, and SSN - they ran a “credit check” and approved me on the spot. One was through GM, the other was through a credit union. No questions about assets.
GREENSBORO, N.C. – An NC man was recently sentenced to 70 months in federal prison after pleading guilty to bank fraud, announced Sandra J. Hairston, Acting United States Attorney for the Middle District of North Carolina.
XYZ was sentenced on December 4, 2017, by the Honorable Loretta C. Biggs, United States District Judge for the Middle District of North Carolina.
XYZ pleaded guilty in March 2017 to two counts of bank fraud in violation of Title 18, United States Code, Section 1344(2). One count to which XYZ pleaded guilty alleged he misrepresented himself to Ally Bank as an agent of XYZ Enterprises, Inc., a corporation to which he in fact had no relationship, in an application for credit in order to purchase a Dodge Ram Truck valued at over $45,000.
The other count to which XYZ pleaded guilty alleged he misrepresented himself to the First National Bank of Omaha using the information of another person in order to acquire services valued at $46,256.30.
In addition to a 70-month term of imprisonment, Judge Biggs sentenced XYZ to five years of supervised release and ordered him to pay over $150,000 in restitution.
Now let's see if affirmative action Mosby spends one day in jail for doing this, on steroids, for two houses, not a truck. AND for going after taxpayer funded COVID $$$'s, too.