The federal indictment includes wire fraud and money laundering charges.
A federal grand jury returned an indictment last week against three individuals who allegedly established a scheme to defraud a used automobile auction business in Tennessee. The defendants defrauded the Dealers Auto Auction Group of more than $2 million, the Department of Justice said. The individuals charged were Stephanie Louise Baker, 53, and Brian Baker, 52. They are husband and wife and both from Mount Juliet, Tennessee. Jerry W. Hutchins, 48, of Dowelltown, Tennessee was also charged.
The scheme they allegedly devised was to create fake transactions to make it look like the defendants’ businesses had sold cars at the auction and were therefore entitled to funds from the Dealers Auto Auction Group. In reality, the defendants had not sold vehicles at the auction, the DOJ said. Stephanie Baker would allegedly issue checks to Brian Baker’s and Hutchins’ businesses based on the fake transactions.
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