Employee At CT Used Car Dealership Admits To Role In Loan Fraud Scheme

Written by on November 21, 2020

An worker of an space automobile dealership has pleaded responsible to put in writing fraud as a part of an auto mortgage scheme.

Justin Williams, 42, of Rocky Hill, pleaded responsible on Friday, Nov. 20, to participating within the scheme at Automobile Nation in Middletown, stated John H. Durham, U.S. Lawyer for the District of Connecticut.

In line with court docket paperwork and statements made in court docket, Williams labored as a salesman and de facto normal supervisor at Automobile Nation, generally referred to as Middletown Motorcars, which was owned and operated by George Hajati. 

In reference to car mortgage functions for a number of debtors, Williams, Hajati, and others submitted paperwork and statements to sufferer lenders that falsely represented the borrower’s employment, wage, sources of earnings, and quantity of down cost, the paperwork confirmed.

 The false paperwork included fictitious or altered borrower pay stubs and earnings verification letters purportedly from the Social Safety Administration. 

 Williams submitted mortgage functions indicating that debtors made salaries they didn’t make, labored at jobs they didn’t work, acquired earnings from the Social Safety Administration they didn’t obtain and made down funds they didn’t make. 

 In some cases, the borrower was not conscious of and didn’t authorize, Williams’ use of his or her private figuring out info to acquire car loans in these methods.

Between roughly November 2015 and June 2016, Williams defrauded lenders of $300,037.02 via this scheme, the U.S. Lawyer’s Workplace stated.

Williams was arrested on a felony criticism on January 16, 2020.

Williams was beforehand convicted of federal fraud fees associated to a Hartford-area scheme to defraud mortgage lenders, and he was on federal supervised launch on the time of the auto mortgage fraud.

At sentencing, which isn’t scheduled, Williams faces a most time period of imprisonment of 30 years. 

Williams has been launched on a $100,000 bond since his arrest.

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