Ex-Spartanburg car dealer indicted on fraud charges - FOX Carolina 21

Ex-Spartanburg car dealer indicted on fraud charges

Posted: Updated:
Cars at a Greenville auction lot where Gibson's vehicles were sold. (File/FOX Carolina) Cars at a Greenville auction lot where Gibson's vehicles were sold. (File/FOX Carolina)
SPARTANBURG, SC (FOX Carolina) -

A former Upstate car dealer and nine others have been indicted on fraud charges.

They're accused of a bait-and-switch scheme from four years ago, according to the U.S. Attorney's Office.

Paul "Joe" Gibson, 56, owned dealerships in his name in Spartanburg and Gaffney. They shut down in 2008 when federal officials began investigating. Many of the dealerships' cars ended up on a auction lot.

Besides Gibson, eight of his workers - along with a Suzuki employee - are named in the indictment. 

Their charges include wire fraud and fraudulent financing. The dealership is accused of using deceptive ads, promising customers payments as low as $43 a month and financing "for life."

If convicted, the 10 defendants could face up to 20 years in prison.

Copyright 2012 FOX Carolina (Meredith Corporation). All rights reserved.

Powered by WorldNow
Fox Carolina
Powered by WorldNow CNN
All content © 2014, WHNS; Greenville, SC. (A Meredith Corporation Station) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.