Pigs at the trough
Published by Julia Volkovah under on 6:07 AM
Used car dealer set to plead guilty in fraud
He's accused of plotting $1.3 million fraud against San Antonio bank. By Guillermo Contreras - Express-News
An operator of used car lots plans to plead guilty to trying to defraud $1.3 million from Sterling Bank in San Antonio.
Ahmad Hussein Khalil, 42, was indicted last May with one of his then-employees, Jessica Devina Saenz, 31, on a charge of conspiracy to commit bank fraud.
FBI agents allege the pair took advantage of a “floor plan” line of credit that Sterling had given Khalil so he could purchase vehicles for his businesses, Prestige Imports Inc. in San Antonio and Lotus of Austin, both of which have since closed.
