EDC fraud alleged

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EDC fraud alleged

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Car dealer is named in federal indictment alleging tax evasion, fraud
By Shane Graber
ST. LOUIS POST-DISPATCH
03/27/2007

EAST ST. LOUIS — One of the largest car dealers in the Metro East area was charged with several tax and wire fraud counts in a federal indictment made public Monday, the Justice Department and Internal Revenue Service announced.

Jamie Auffenberg, 56, and other individuals and businesses were named in the 21-count indictment, which includes charges of income tax evasion, false individual and corporate income tax returns, conspiracy and wire fraud. The indictment returned by an East St. Louis federal grand jury seeks the forfeiture of $16.2 million in cash, although it is not clear exactly from whom.

Auffenberg's attorney said that the indictment is an "injustice" and that his client has "committed no crime."

The indictment said that Auffenberg, who owns 14 area car dealerships, joined a partnership called Kapok Management, created in the U.S. Virgin Islands by James W. Ferguson III and Peter G. Fagan, both of Texas.

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