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Dewey, Cheatem & Howe Makes Appearance in Loan Fraud Case

"Do we cheat them, and how!" may have been the motto of the two former Mitsubishi dealership employees recently sentenced to prison for a massive fraud in which unsophisticated customers with poor credit were extended usurious car loans they had no hope of repaying. But the employees could have been a bit more subtle about their intentions.

According to the New Haven Independent, Richard Dominguez, one of the salesman who accepted a plea, interviewed a customer for a car loan who told him she was unemployed. Ever resourceful, Dominguez filled out a credit application, listing her employer as “DEWEY CHITAM & HOWE,” and claiming a monthly gross salary of $3,500 per month for a position in "management." Based on this information on the credit application, Mitsubishi Credit extended financing to Matthews to purchase her car.

Posted by Carolyn Elefant on August 5, 2009 at 04:20 PM | Permalink | Comments (3)


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