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Georgia Car Dealer Sentenced For Defrauding Lenders

Summary by The Free Press (Tampa)
Mitchell C. Simpson, a former used car dealer from Cornelia, Georgia, has been sentenced to 3 years and 5 months in federal prison for wire fraud. Simpson defrauded multiple floor-plan lenders by using the same vehicles as collateral for multiple loans, a practice known as… Georgia Car Dealer Sentenced For Defrauding Lenders
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