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Fraud charges were recently unsealed in a 21-page indictment against two former Illinois boat dealership employees in a case that marine industry experts say is rare, but that offers an opportunity for boat buyers to think about how to choose a reputable broker or dealer.
Jeffrey D. Gibbs and Kara M. Wilkey, both former employees of Clinton Marine II, which sold used and new boats, are facing decades in prison on a combined 18 counts of wire fraud, mail fraud, bank fraud and aggravated identity theft. According to the U.S. Attorney’s Office in Central Illinois, the two obtained loans on fictitious boats, took out loans using forged signatures, sold boats without paying off the customer’s loan or remitting payment, and collected payments for taxes, titles and fees without actually paying for those expenses. Instead, the indictment alleges, Gibbs and Wilkey used the more than $2 million to buy automobiles, take vacations, go shopping and otherwise “support their lifesty
Two former boat dealership employees are facing fraud charges. Prosecutors say 55-year-old Jeffery Gibbs and 45-year-old Kara Wilkey have been indicted on charges of wire fraud, mail fraud, bank fraud, and aggravated identity theft. Prosecutors say the two used their positions at Clinton Marine’s dealerships in east Peoria and Weldon to commit fraud. The scheme cost their employer, banks, and dealership customers over two-million dollars. The two allegedly spent all the money on goods, vacations, credit cards, and utilities.
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Farmer City, Maroa men accused of $2M fraud involving Illinois boat dealership they worked for herald-review.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald-review.com Daily Mail and Mail on Sunday newspapers.
FARMER CITY â A Farmer City man is one of two central Illinois residents who have been indicted in federal court in Peoria for fraud after they allegedly stole more than $2 million from the company they worked for as well as banks and customers.
Jeffrey Gibbs, 55, of Farmer City made his initial appearance in federal court, Peoria, this week. An initial trial date has been scheduled for March 15.
Gibbs was arrested Dec. 18. He was released following Mondayâs hearing with conditions that include location monitoring. Also indicted was Kara M. Wilkey, 45, of Maroa. A summons was issued for her to make her initial appearance Jan. 12.
2 face fraud charges involving Illinois boat dealership chron.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chron.com Daily Mail and Mail on Sunday newspapers.