Owner of Springfield auto dealership pleads guilty to identity theft, wire fraud charges
SPRINGFIELD, Mo. (KY3) - Federal prosecutors say a Springfield businessman has pleaded guilty to identity theft and wire fraud for submitting fraudulent loans totaling nearly $800,000.
Chris King owns Queen City Motors in Springfield. He pleaded guilty to charges of wire fraud and identity theft.
Investigators say King, through his business Queen City Motors, would obtain the personal identifying information of individuals who were interested in obtaining a loan to purchase a vehicle. Investigators say King fraudulently submitted at least 30 automobile loan applications using obtained personal information. They say he then received cash deposits via a wire transfer. The transfers added up to $783,475,.84. The loans happened between November 1, 2018, through November 8, 2020. All of the victims lived in the state of Missouri.
He faces up to 20 years in prison for the charges.
KY3 News asked King for a statement after the news broke and requested an on-camera interview. On Your Side heard back from King’s attorney, who declined to comment.
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