Latest Legal News from the Criminal Courts of Los Angeles, California and the U.S.

June 28, 2007

Gary Robinson was sentenced today for bank fraud

United States Attorney Karen P. Hewitt announced that Gary Robinson was sentenced today in federal court in San Diego following his pleas of guilty to charges of bank fraud and mail fraud. United States District Judge Thomas Whelan sentenced Robinson to serve eight months in custody, to pay restitution to the victims in the amount of $288,205, and to serve a four-year term of supervised release following his release from prison. Robinson made a partial restitution payment of $100,000 to the Clerk of the Court today.

According to court documents, Robinson is the general manager and chief executive officer of Robinson Ford Sales, Inc., a family-owned automobile dealership in Calexico, California. As part of his guilty plea, Robinson admitted that he and his salesmen helped car buyers obtain financing that they were not qualified for by providing fraudulent financial information on their loan applications. As the general manager, Robinson gave the final approval for all sales of vehicles that were financed and personally submitted the fraudulent loan applications.

For example, Robinson submitted a fraudulent loan application
on behalf of a Robinson Ford customer that recorded a receipt of a cash down payment of $3,000, when Robinson knew that no cash down payment was ever received.

The Court ordered the restitution of $288,205.30 to be paid to the eight (8) victim lending institutions.
The summarized breakdown of loss by lending institution is as follows: BALBOA THRIFT AND LOAN $17,351.18 CONSUMER PORTFOLIO SERVICES $54,563.87 FAIRLANE AUTOMOTIVE CREDIT $67,920.62 FIRST IMPERIAL CREDIT UNION $23,965.46 GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION $15,874.52
(Now DBA Sun Community Federal Credit Union) HOUSEHOLD FINANCIAL $77,896.84 LONG BEACH ACCEPTANCE $14,165.27 VALLEY INDEPENDENT BANK $16,467.54
(Now DBA Rabobank)
TOTAL LOSS $288,205.30

United States Attorney Karen P. Hewitt said, “Loan fraud schemes and other financial crimes like these have a direct impact on all of us, making it more difficult for honest citizens to get loans that they need.”

DEFENDANT Case Number: 06cr1266-W
Gary Robinson

SUMMARY OF CHARGES
Title 18, United States Code, Section 1344 (Bank Fraud) Title 18, United States Code, Section 1341 (Mail Fraud)

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CALIFORNIA CRIMINAL DEFENSE LAWYER

JOSEPH SHEMARIA

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Latest Legal News from the Criminal Courts of Los Angeles, California and the U.S.