Latest OnLine Editon  Read Here

LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

State Says Couple Withheld Car Sales Tax

State Says Couple Withheld Car Sales Tax Featured

A New Jersey used-car dealer and his wife face charges of tax evasion.
The Bergen County prosecutor’s office claims Samyon Gilstein and his wife, Alexandra Gilstein, conspired to collect state sales tax on retail automobile sales, falsely reported the value of the tax collected, and stole the funds accumulated as a result of the false reporting.
Alexandra Gilstein worked as a clerk at her husband’s South Hackensack dealership, Sunrise Motors Inc.
Starting in December 2016, the prosecutor’s office and local police received complaints about Sunrise Motors from customers, representatives of the New Jersey Motor Vehicles Commission and the New Jersey Department of the Treasury, said.
Between Jan. 1, 2013 and Dec. 31, 2016, the Gilsteins collected in excess of $1.6 million in sales tax but falsely reported on quarterly tax returns that the business had only collected approximately $360,000.
Samyon Gilstein was charged with one count of misapplication of entrusted funds, one count of failure to turn over collected, withheld tax and misconduct by a corporate official, all with a benefit greater than $75,000.
Alexandra Gilstein was charged with one count of misapplication of entrusted funds, with a benefit greater than $75,000 and one count of filing a fraudulent tax return.

Last modified on Tuesday, 29 August 2017 01:13
Rate this item
(0 votes)
Buy-Here, Pay-Here Operators Plead Guilty To Laundering Money

Buy-Here, Pay-Here Operators Plead Guilty To Laundering Money

The owners of a buy-here, pay-here operation in Louisiana recently pleaded guilty to laundering money for drug dealers.William Paul Boyter, Michael Paul Boyter and Anthony Reuben Riley, all of Shreveport,...

Auto Finance Tops $1 Trillion

Auto Finance Tops $1 Trillion

The total balance of open automotive loans climbed 11.1 percent in the first qua...

  • Men Face Charges of Defrauding Auto Creditors
    Men Face Charges of Defrauding Auto Creditors Two Pennsylvania men have been indicted by a federal grand jury on charges of conspiracy to commit wire fraud and wire fraud involving straw buys from a used-car dealership.According to…
    Written on Thursday, 15 September 2016 16:49
  • FTC Issues Revised Used Car Rule
    FTC Issues Revised Used Car Rule The Federal Trade Commission has announced final amendments to its Used Car Rule.The FTC has sought public comments on a series of proposed changes to the Rule (formally known as…
    Written on Monday, 14 November 2016 01:09
  • Dealer Pays for Targeting Spanish-Speaking Customers
    Dealer Pays for Targeting Spanish-Speaking Customers A Washington State used-car dealer will pay $250,000 for discriminating against Spanish-language speakers at its dealerships.Zein Automobiles Inc., which operates Best Bet Auto Sales and Independence Auto Center, and also…
    Written on Monday, 01 August 2016 17:56
  • CFPB Takes Action Against Title Pawn Firm
    CFPB Takes Action Against Title Pawn Firm The Consumer Financial Protection Bureau took action against TitleMax parent company TMX Finance LLC. The bureau ordered TMX Finance to stop its unlawful practices and pay a $9 million penalty.…
    Written on Tuesday, 27 September 2016 14:19
  • EX-GM Gets 2 Years For Stealing Half A Million From Store
    EX-GM Gets 2 Years For Stealing Half A Million From Store The former general manager of a Pennsylvania Chevrolet store has been sentenced in federal court to two years in jail and ordered to pay $485,800 in restitution on his conviction…
    Written on Tuesday, 12 July 2016 16:29
  • Buy-Here, Pay-Here Operators Plead Guilty To Laundering Money
    Buy-Here, Pay-Here Operators Plead Guilty To Laundering Money The owners of a buy-here, pay-here operation in Louisiana recently pleaded guilty to laundering money for drug dealers.William Paul Boyter, Michael Paul Boyter and Anthony Reuben Riley, all of Shreveport,…
    Written on Friday, 20 July 2012 00:00
  • State Shuts Down Repair Shops
    State Shuts Down Repair Shops The Michigan Secretary of State has issued cease and desist orders to five unregistered auto repair shops in Shiawassee, Kent, Bay and Calhoun counties.Justice Recovery & Repair in Durand is…
    Written on Wednesday, 07 September 2016 14:39
  • State Claims Dealer Forged Documents
    State Claims Dealer Forged Documents A southeast Michigan auto dealer faces seven felony charges for allegedly forging federal import documents after Secretary of State staff became suspicious of the documents he presented.Auto dealer David S.…
    Written on Thursday, 29 September 2016 17:32
  • Dealer Fails to Pay Sales Tax
    Dealer Fails to Pay Sales Tax Biel Semexant Jr., owner of Auction Access USA, doing business as Access 2 Auctions, has been arrested on charges that he stole more than $50,000 in sales tax he collected…
    Written on Monday, 19 September 2016 18:32
  • Dealer Pleads to Trade-in Fraud
    Dealer Pleads to Trade-in Fraud The president, operator and manager of Harry Klause Cars and Trucks Inc. in Ocean City, N.J., admitted to perpetrating a scheme to defraud automotive loan lenders and customers who traded…
    Written on Saturday, 02 July 2016 21:38