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Date: 11-08-2018

Case Style:

United States of America v. Andrew May

Case Number: 4:17-cr-01429-RM-LCK

Judge:

Court: United States District Court for the District of Arizona (Pima County)

Plaintiff's Attorney:

Defendant's Attorney: Jay V Sagar - FPD

Description: Tucson, AZ - Tucson Resident Sentenced to 36 Months in Prison for His Role in an Auto Loan Fraud Scheme

Andrew May, 46, of Tucson, Ariz., was sentenced to 36 months’ imprisonment by U.S. District Judge Rosemary Marquez. May had previously pleaded guilty to one count of conspiracy to commit mail fraud and bank fraud.

The evidence established that May, through his shell companies, engaged in an extensive auto-loan fraud scheme. As part of the scheme, May and his co-conspirators fraudulently represented to the lenders that they were engaged in the legitimate purchase and sale of vehicles in order to obtain financing from numerous financial institutions. The co-conspirators further fraudulently represented that the lenders would receive a lien on the vehicles as collateral for the loans. However, no legitimate vehicle sales occurred. The lenders funded approximately $1.2 million dollars traced to numerous bank accounts controlled by May.

In addition to personally using over $500,000, May distributed portions of the fraudulent proceeds to the co-conspirators. Most of the fraudulent loans went into default, resulting in significant losses to the lenders. As part of the sentence, the court ordered that May forfeit a vehicle and trailer that he obtained using the loan fraud proceeds. The court also scheduled a restitution hearing for Nov. 19, 2018.

The investigation in this case was conducted by the United States Secret Service, United States Postal Inspection Service, and the Marana Police Department. The prosecution was handled by the U.S. Attorney’s Office District of Arizona, Tucson.


Charge:


18:1349 Conspiracy to Commit Bank Fraud and Mail Fraud; 18:981(a)(1)(C)and 28:2461(c) Forfeiture Allegation
(1)

Outcome: Defendant was sentenced to 36 months' in prison.

Plaintiff's Experts:

Defendant's Experts:

Comments:



 
 
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