Pair Plead Guilty in Large-Scale Clocking Scheme Featured

By Staff Writer September 10, 2018

The father-and-son owners of a Mississippi used-car dealership pled guilty in what the National Highway Traffic Safety Administration is calling “a large-scale vehicle odometer rollback scheme.”

Mark Longgrear and his son, Zachary Longgrear, admitted to conspiring to reset and alter the odometers of motor vehicles and to giving or causing to be given false statements relating to odometers.  Mark Longgrear also pled guilty to six counts of securities fraud.

From 2014 through at least February 2018, the Longgrears, both individually and under their company, Southern Auto Buyers LLC, bought a large number of late-model, high-mileage vehicles from numerous sources. They then illegally altered the odometers of these vehicles to show lower mileage.

The pair also forged and fraudulently created paperwork to secure new titles showing the false lower mileage on these vehicles, and then sold the vehicles directly to individuals and automobile dealerships at much higher prices.  Some of these rolled-back vehicles were subsequently sold by the dealerships to consumers in Mississippi and elsewhere.

Sentencing is scheduled for Dec. 12. 

The count of conspiracy carries a maximum penalty of 5 years in prison and a fine of up to $250,000 or twice the gross gain or loss, whichever is greater.  Each securities fraud violation carries a maximum penalty of 10 years in prison and $250,000 fine or twice the gross gain or loss, whichever is greater. 

Restitution may also be ordered.

Last modified on Monday, 10 September 2018 13:34

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