Dealership Executive Indicted

Friday, October 28, 2016

A grand jury has returned a 15-count indictment against a Jasper car dealership executive accused of stealing more than 900-thousand-dollars from the dealership. Robert Maloy is charged with conspiracy, 11- counts of fraud and three- counts of mail fraud. Maloy was the general manager and president of Maloy Ford Lincoln from 2010 until 2013. During that time, prosecutors say that Maloy agreed with a broker that sold vehicle service products, to inflate the cost of various items and then he deposited the profits into a separate bank account. The maximum punishment for conspiracy is five years in prison and a $250,000 fine.

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