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Auto dealer among 4 guilty in fraud scheme involving luxury car loans

2015-03-21 10:31:55| Auto Dealers - Topix.net

A Chicago-area auto dealer and three other people have been convicted in a $1.6 million scheme involving dozens of fraudulent loans for luxury cars. Chicago resident Precious W. House, 47, was convicted of five counts of bank fraud Friday during a jury trial before U.S. District Judge Andrea R. Wood, according to a statement from the U.S. Attorney's office.

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