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Fulk pleads guilty to Wire Fraud

News

March 24th, 2020 by Ric Hanson

A man from Cass County has plead guilty to one count of Wire Fraud, associated with the used vehicle odometer tampering. 52-year old Larry Scott Fulk, owner of 2nd Street Repair in Atlantic, entered his plea Feb. 21st, in U-S District Court. The original indictment handed down June 25, 2019, charged Fulk with 3 counts of Wire Fraud and counts 14 counts of Odometer Fraud.

Fulk faces a maximum sentence of up to 20-years in prison, a maximum fine of $250,000, and a term of supervised release of up to three years.  His sentencing was set for July 9th.

(As previously reported)… According to court documents, beginning on an unknown date, but as early as October 2015, and continuing to about September 2016, Larry Scott Fulk, of Atlantic, and others, devised a scheme to defraud as to material matters and to obtain money and property by means of materially false and fraudulent pretenses, representations and promises, and by intentional concealment of material facts.

The documents indicate that as part of the scheme, Larry Scott Fulk would purchase vehicles on behalf of 2nd Street Repair. He would then remove the odometer clusters from these vehicles and replace them with lower mileage odometer clusters. Afterward, Fulk would post and advertise the vehicles with false odometer clusters for sale on Craigslist on behalf of 2nd Street Repair, at an inflated price.

Craigslist servers are located in San Francisco, California, and Ashburn, Virginia. It was also alleged that Fulk would sell the vehicles with the false odometer clusters to individuals in Iowa, in exchange for money.