3 Memphis-area used car dealers plead guilty

MEMPHIS, Tenn. (AP) -- Federal prosecutors say three used car salesmen have pleaded guilty to selling vehicles to drug dealers in a money laundering scheme.

The U.S. attorney's office in Memphis said Thursday that Wayne David McAlpin Jr. pleaded guilty to money laundering and filing fraudulent documents with the Internal Revenue Service.

Brian Bowman and James Austin each pleaded guilty to filing fraudulent IRS documents.

Prosecutors say the men worked at car dealerships that sold vehicles to known drug traffickers.

Each defendant submitted IRS forms with false sales information. The forms require dealerships to report all cash transactions of $10,000 or more.

The men also titled vehicles in the names of other people, to hide the transactions from authorities.

McAlpin and Bowman agreed to forfeit almost $12 million in bank accounts and vehicles.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2015 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 215212891 - local8now.com/a?a=215212891
Gray Television, Inc.