Tag Archive | "compliance"

UDS Wins Two Dealer Choice Awards for 2015

CLEARWATER, Fla. – United Development Systems, Inc. (UDS) has been named the Diamond Award Winner for F&I Training and Gold Award Winner for Compliance Training in the 2015 Dealers’ Choice Awards by Auto Dealer Monthly.

For the eleventh consecutive year UDS has been ranked tops in the F&I Training category, while placing 1st in ten out of eleven years surveyed. “This is quite a tribute to the hard working team at UDS that build upon the personal growth of dealer staff every day,” says Randy Crisorio, UDS President and CEO. “Now being recognized in the all new category for Compliance Training, alongside the broader F&I Training category, adds to the expectations that we have at UDS to continue to expand offerings. We accept that challenge,” adds Crisorio.

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N.C. Dealer Hit With Third Sex Charge in Two Months

RALEIGH, N.C. — A used-car dealer was arrested Wednesday after he allegedly traded repairs on a Dodge Magnum for a sexual act. It was the third time in two months that he is facing charges related to his interactions with customers, The News & Observer reports.

Thomas Jefferson Lynn, 63, is also facing charges stemming from incidents in 2010 and 2013. The charges related to the 2010 incident were second-degree rape, first-degree kidnapping and second-degree sexual offense. The dealer was also charged with sexual battery involving rubbing a woman’s body and filing a false police report after he reported a car stolen that he had sold.

To read the full story, click here.

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SMART Payment Plan Announces The Appointment Of Jackson Bigham As Its Chief Compliance Officer

NAPLES, Fla. – SMART Payment Plan announces the appointment of Jackson Bigham as its Chief Compliance Officer. Jackson will be responsible for managing SMART’s state and federal regulatory compliance, regulatory reporting, and all legal and compliance activities. “Jackson’s role at SMART will fully utilize his deep understanding and experience in complex compliance and consumer protection matters. In today’s regulatory environment, it’s important to have a knowledgeable and independent Chief Compliance Officer to oversee all consumer matters and to interact with state and federal regulators,” states David Engelman, CEO.

“In today’s regulatory environment, it is not enough to provide exceptional customer service and have high ethics and values in serving our customers. We must also demonstrate and prove the same level of commitment to satisfying regulators at the state and federal level who often focus on other details,” said Engelman. In light of the financial sector’s increasingly demanding compliance and regulatory nature, SMART Payment Plan considers the appointment of Jackson Bigham timely and value-added. Bigham’s ten years of experience working with the FTC and state Attorney Generals in prosecuting consumer protection claims significantly bolsters SMART’s regulatory compliance and risk management.

Bigham previously was a Consumer Law and Anti-trust Attorney at Morrison Sund. He graduated at University of Minnesota Law School with his Juris Doctorate (with honors) and received his Bachelor of Business Administration degree from University of Wisconsin-Eau Claire (magna cum laude).

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N.Y. Dealer Pleads Guilty to Felony Tax Charges

CORTLAND, N.Y. —The owner of JF Auto World, Joseph Fezza, pled guilty last week to five felony charges stemming from his collection and retention of sales taxes on vehicles he sold over a period of more than five years, and his failure to file sales tax and personal income tax returns.

“With Tax Day around the corner, today’s conviction shows that my office has no tolerance for business owners who cheat on their taxes,” New York Attorney General Eric T. Schneiderman said in a release about Fezza’s conviction. “When an unscrupulous few fail to pay their taxes, other hardworking New Yorkers have to shoulder the burden. If you rip off honest taxpayers, you will face time in prison.”

Fezza, 47, of Cortland, pleaded guilty to the five-count indictment lodged against him in Cortland County Court before the Honorable Julie A. Campbell, including one count of grand larceny in the second degree (a class C felony), two counts of criminal tax fraud in the third degree (a class D felony), and two counts of repeated failure to file personal income tax returns (a class E felony).

In exchange for his plea, Justice Campbell promised Fezza a sentence of up to one year in jail. Fezza is required to pay $50,000 in restitution on or before the date of his sentence. The balance of the restitution will either be agreed upon by the parties by June 15, 2015, or the court will hold a restitution hearing on the matter.

Fezza’s sentencing is scheduled before Justice Campbell on October 1, 2015.

According to the indictment and statements made by prosecutors, Fezza, in his position as the owner and sole proprietor of JF Auto World, also known as Auto World, collected more than $175,000 in sales taxes from consumers between March 1, 2004 through September 20, 2009, but failed to remit those taxes to New York State. Fezza also failed to file quarterly sales tax returns, as well as several years’ worth of personal income tax returns during this period.

The case stems from an investigation initiated in 2011 by the New York State Department of Taxation and Finance and the Attorney General’s Criminal Enforcement and Financial Crimes Bureau.

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Midwest Compliance Summit Set for April

CHICAGO — Organizers of Compliance Summit, a series of regional events dedicated to front-end compliance, have announced that the next event will be held April 20–21, 2015, at the DoubleTree Chicago O’Hare in Rosemont, Ill. The Midwest event will follow a successful inaugural event held in the Miami area this past November.

“We are delighted to have the opportunity to bring Compliance Summit to the Midwest,” said David Gesualdo, show chair. “If the outcome of the Florida event is any indication, attendees will leave with an invaluable education in region-specific regulatory challenges and solutions.”

The Midwest conference will begin with a Welcome Reception on the evening of Monday, April 20, and continue with a full day of educational sessions and panel discussions on April 21. The events are open to automotive industry professionals who are involved in front-end compliance, including dealer principals, general managers, compliance officers, sales and F&I professionals and general agents.

Speakers at the Florida event included the head of the state dealer association, attorneys and dealership compliance officers. The agenda covered challenges specific to Florida and the Southeast region as well as a comprehensive review of current threats toward dealers and finance companies by the Federal Trade Commission and Consumer Financial Protection Bureau.

Further details, including the full agenda and information about registration and accommodations, will be available in the coming weeks. For sponsorship and exhibition opportunities, contact Eric Gesualdo via email hidden; JavaScript is required or call 727-612-8826.

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Dealer, Employee Charged With Threatening Customer

WESTPORT, Mass. — The owner of F&R Auto Sales and an employee of the dealership have been charged with threats to do bodily harm and intimidation of a witness after a customer contacted police claiming they had threatened her. Police said in the past year they have received 26 complaints against the dealership, which first made headlines in January when a video of its employees harassing a pizza delivery man went viral, WCVB 5 reports.

The woman contacted police after a car she purchased from F&R Auto Sales did not pass a safety inspection. She alleged that, over the phone, two employees used profanities, threatened to punch her in the face and made a sexual comment. Owner Francis R. Correiro and an employee named Mark Dambrosca have been charged.

To read more, click here.

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