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Keeping your edge inside of a competitive market
The owner of 1025 Old Country Road Westbury Long Island management company that subleased cars from cash-strapped owners was arrested yesterday for pocketing the lease money, Nassau County officials said.
George Fallica, web-sites Automotive Management Co., workout routines did business as G.C.F. Leasing, was faced with a fraud, grand larceny, forgery as well as other crimes, Nassau County District Attorney Denis Dillon said.
"Our investigation shown that the defendant was involved with various kinds criminal activities . . . which generated approximately 75 complaints to my office," Dillon said.
The provider, at 1025 Old Country Road, acquired newspaper ads saying may well help individuals who had leased cars but were not able or unwilling to make additional payments.
The corporation promised it might find customers to dominate the lease agreements, keep the payments current and alter the car's license, registration and insurance records to show another type of driver was now leasing the automobile.
Fallica did sublease the cars, Dillon said, but he failed to keep his other p romises.
Such as, he stated, one Long Island resident surrended his 1991 BMW to Fallica in September 1995. The motor car was subleased to an individual who made $7,470 in payments to Fallica. But Fallica only gave $990 to the holder in the car's original lease, and kept what's left, Dillon said.
Fallica later repossessed your car and subleased it again. This time around he received $6,570 in payments, and turned no money over to the holder with the car's original lease, Dillon said.
Fallica put copies of your Pennsylvania license plate around the cars he sublet, Dillon said.
Vehicles produced phony temporary licenses and fraudulently obtained insurance cards to the vehicles, Dillon said.
Fallica, 48, of Oneck Lane, Westhampton Beach, was convicted of eight counts of grand larceny; three counts of forgery; three counts of falsifying business records; fraudulent manufacture of license plates, and scheming to defraud.
He faces up to seven years imprisonment if convicted.
