3 Memphis-area used car dealers plead guilty - FOX13 News, WHBQ FOX 13

3 Memphis-area used car dealers plead guilty

Posted: Updated:
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.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices