Chris R. King, 48, Nixa, Mo., was sentenced by U.S. Chief District Judge Beth Phillips to four years in federal prison without parole. The court also ordered King to pay $646,597 in restitution to his victims and to forfeit the same amount to the government.
On Nov. 20, 2021, King pleaded guilty to one count of conspiracy to commit wire fraud, one count of wire fraud, and one count of aggravated identity theft.
On Nov. 20, 2021, King pleaded guilty to one count of conspiracy to commit wire fraud, one count of wire fraud, and one count of aggravated identity theft.
King, formerly the co-owner of Queen City Motors, a used car business in Springfield, Mo.
He admitted that he stole the identity information of individuals who were interested in obtaining loans to purchase vehicles from him.
King used that information, without the knowledge or authorization of the potential customers, to fraudulently submit loan applications and receive funds wired to his bank account from Credit Acceptance, a company that dealt specifically in the approval of subprime loans for individuals with poor credit ratings.
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