Car Dealer Turns Himself In
By: Import User
Updated: January 7, 2009
A Monticello car dealer who authorities
believe defrauded more than 50 customers has turned himself in to
Bradley County authorities.
A judge set bond for Rick E. Funderburg, owner of Rick`s Auto
Outlet of Monticello, at $500,000. Funderburg is
charged with theft by deception, operating a continuing criminal
enterprise and defrauding a secured creditor.
Funderburg is accused of selling trade-in cars without paying
off the old loans. He also is suspected of selling new cars without
paying the wholesalers who furnished the vehicles.
Prosecutors say 55 consumers, three lending institutions and
four car wholesalers have filed complaints. Investigators estimated
Funderburg netted up to one million dollars.
