Is this Andy Stacy that got indicted?

BobbyM wrote:

Gives a new meaning to "Go big or go home".

jsmx97 wrote:

Do you remember which one in NH??? KMS by chance? I am intrigued by situations like these. It amazes me how long someone can get away...

Do you remember which one in NH??? KMS by chance? I am intrigued by situations like these. It amazes me how long someone can get away with a scam like that. Like it has been said, there absolutely must be bankers on the payroll for this guy as well. Lots of favors were done to keep this thing snowballing.

stevebauer wrote:

Does anyone know how the people involved in this scam are doing now, ten plus years later? I’m wondering if this theory about their end game...

Does anyone know how the people involved in this scam are doing now, ten plus years later? I’m wondering if this theory about their end game played out for any of them:

“Exit plan:
1. off shore bank accounts. Or cash hidden in safes somewhere.....
2. Plea deal 
3. Do 5-10 years after plea deal. 
4. Get out and you have a real nice cash retirement to live off. Not a bad gig. 5-10 years served to be out and you keep the cash and offshore accounts that you claim not to have.”

Anyone run into Andy or Rusty in the Caymans lately?

stevebauer wrote:

Does anyone know how the people involved in this scam are doing now, ten plus years later? I’m wondering if this theory about their end game...

Does anyone know how the people involved in this scam are doing now, ten plus years later? I’m wondering if this theory about their end game played out for any of them:

“Exit plan:
1. off shore bank accounts. Or cash hidden in safes somewhere.....
2. Plea deal 
3. Do 5-10 years after plea deal. 
4. Get out and you have a real nice cash retirement to live off. Not a bad gig. 5-10 years served to be out and you keep the cash and offshore accounts that you claim not to have.”

Anyone run into Andy or Rusty in the Caymans lately?

scott_nz wrote:

i used to be a motorcycle dealer, and before 08 when things were pumping it would have easy to fool the floor plan rep if you...

i used to be a motorcycle dealer, and before 08 when things were pumping it would have easy to fool the floor plan rep if you wanted to, the person would be doing bikes one day, cars the next, then tractors, after a number of shops went down owing a heap, they got better at checking stuff,

the stories i have heard of dealers going to extreme lengths to keep cars and bikes getting checked off so they dont have to pay for them are pretty amazing, but as said earlier in this thread, its impossible to keep going forever,

scott_nz wrote:

i used to be a motorcycle dealer, and before 08 when things were pumping it would have easy to fool the floor plan rep if you...

i used to be a motorcycle dealer, and before 08 when things were pumping it would have easy to fool the floor plan rep if you wanted to, the person would be doing bikes one day, cars the next, then tractors, after a number of shops went down owing a heap, they got better at checking stuff,

the stories i have heard of dealers going to extreme lengths to keep cars and bikes getting checked off so they dont have to pay for them are pretty amazing, but as said earlier in this thread, its impossible to keep going forever,

Ryno23 wrote:

Even on a small level I know dealers that have "manipulated" the flooring check guys.  Dealers will do it not always to shuffle money i.e. "robbing...

Even on a small level I know dealers that have "manipulated" the flooring check guys.  Dealers will do it not always to shuffle money i.e. "robbing Peter to pay Paul" but I know of several dealers that would play these flooring games to take advantage of rebates, kick backs, quarterly incentive targets, or spiff money.  

For example, let's say you know its coming towards the end of the season and you have a "hunch" there will be rebates on Yamaha YZ450's or even like Yamaha Grizzly 4 wheelers.  So you've sold some but haven't warranty registered them for the sake of waiting until the rebates release at the beginning of the next month or quarter.  Whoops!  The floor checker is here!!!  I know of dealers that would put an old shitty 4 wheeler or dirt bike back in a crate, cover it with the carboard or plastic that it came with that shows the VIN on the tag.  They would stack it higher or in a tough spot to see.  Like the darkest corner of the warehouse.  The floor check guy is just some bank contracted schmuck that is checking boxes on his laptop or sheet.  You do this with 5 or 6 units a quarter and it can add up fast.  I also have heard from the floor check guys being offered cash to "just check the box, I'm waiting for funding from _____ bank on it"   It's small time compared to $74 million in fraud but it happens MORE than you can imagine.  

When I ran my own dealership we never played that game.  Owning/operating a dealership has such a crazy amount of stress already that I couldn't imagine adding more with shell games of unit crates!!   I have been through at least 100 floor checks and never had any sort of discrepancy cuz we just ran it 100% legit.  How some other dealers do that I couldn't imagine.   

TG130 wrote:

There was a podcast with Stacy out there a few years ago. He told his side of the story. I can't remember who did the podcast...

There was a podcast with Stacy out there a few years ago. He told his side of the story. I can't remember who did the podcast though.