SPRINGFIELD, Mo.- On Friday, the open sign was lit and the door opened at Queen City Motors. It looked like business as usual on the outside. But, inside, the owner is accused of committing crimes against his customers.
OzarksFirst spoke with Chris King last spring about the evolution of car sales.
“It was an absolutely fantastic spring,” he said. “We’ve had a few record months in a row.”
King was doing much better than he should have been, according to court documents.
In a 16-page filing in federal court, he is charged with conspiracy to commit wire fraud, committing wire fraud and stealing people’s identities.
Bold letters on the exterior of the dealership announce financing. Court records show that this is how King pulled off his scheme. When some clients requested pre-approval online, he took their information and used it to take out a loan for himself, totaling nearly $800,000. The scheme fell apart after one of those customers noticed it on his credit report.
Mark Stallings, credit counselor with Consumer Credit Counseling Services of the Ozarks, said: “Thieves are looking for the easy way out rather than going out and earning it themselves.” He added: “It will look like you have more loans than you actually have. And, when you need it, you can’t get it because someone else is using it.
Financial experts say everyone should run a credit report once a year, at a minimum.
Stallings explained, “The easiest way to do this is for you to be diligent about checking yours and taking responsibility for it.” He continued, “And, what you’re looking for there is fraud and inaccuracies. Because humans can press the wrong button. Computer problem. or the prosperity that exists there.