Owner of Springfield auto dealership pleads guilty to identity theft, wire fraud charges - KY3

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SPRINGFIELD, Mo. (KY3) - Federal prosecutors say a Springfield businessman has pleaded guilty to identity theft and wire fraud for submitting fraudulent loans totaling nearly $800,000.

Chris King owns Queen City Motors in Springfield. He pleaded guilty to charges of wire fraud and identity theft.

Investigators say King, through his business Queen City Motors, would obtain the personal identifying information of individuals who were interested in obtaining a loan to purchase a vehicle. Investigators say King fraudulently submitted at least 30 automobile loan applications using obtained personal information. They say he then received cash deposits via a wire transfer. The transfers added up to $783,475,.84. The loans happened between November 1, 2018, through November 8, 2020. All of the victims lived in the state of Missouri.

He faces up to 20 years in prison for the charges.

KY3 News asked King for a statement after the news broke and requested an on-camera interview. On Your Side heard back from King’s attorney, who declined to comment.

Check your credit report for free HERE.

If you see an error, that you believe is fraud, report it police and take these steps:

• File a dispute with that credit bureau.
• Type up a formal letter with supporting documents. Make copies for yourself.
• Send it via registered mail.
• Consider getting a credit monitoring service. Some are free. As always check reviews. Read the fine print, because you’ll give up some privacy for convenience.

To report a correction or typo, please email digitalnews@ky3.com

Copyright 2021 KY3. All rights reserved.

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Owner of Springfield auto dealership pleads guilty to identity theft, wire fraud charges - KY3
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