Archive for: May 21, 2009

Car dealer sentenced for fraud, lessons to be learnt.

A car dealer in Philadelphia, Pennsylvania, Michael Sullivan was sentenced to 12 months and a day in prison for fraud against Yardville National Bank for around $ 648,106, reports the Imperial Valley …

U.S Government plows more cash into car loans.

When we thought we had seen the end of high risk government loans to private companies with taxpayers money the United States has decided to inject $ 7 billion dollars into car loans. …