KesselGruber79

Keeping your edge from a competitive market

Web-sites 1025 Old Country Road Westbury Long Island management company that subleased cars from cash-strapped owners was arrested yesterday for pocketing the lease money, Nassau County officials said.

George Fallica, the one who owns Automotive Management Co., which did business as G.C.F. Leasing, was arraigned with fraud, grand larceny, forgery together with other crimes, Nassau County Da Denis Dillon said.

"Our investigation shown that the defendant was involved in several types of criminal activities . . . which generated approximately 75 complaints to my office," Dillon said.

The corporation, at 1025 Old Country Road, acquired newspaper ads saying may well help folks that had leased cars but were unable or unwilling to make additional payments.

The organization promised it will find customers to take control of the lease agreements, retain the payments current and alter the car's license, registration and insurance records to reveal that a different sort of driver was now leasing the auto.

Fallica did sublease the cars, Dillon said, but he failed to keep his other p romises.

For instance, he explained, one Long Island resident surrended his 1991 BMW to Fallica in September 1995. Your vehicle was subleased to an individual who made $7,470 in payments to Fallica. But Fallica only gave $990 to the holder on the car's original lease, and kept the remainder, Dillon said.

Fallica later repossessed the auto and subleased it again. These times he received $6,570 in payments, and turned no money over to the holder of the car's original lease, Dillon said.

Fallica put copies of your Pennsylvania license plate to the cars he sublet, Dillon said.

Actually is well liked produced phony temporary licenses and fraudulently obtained insurance cards for your vehicles, Dillon said.

Fallica, 48, of Oneck Lane, Westhampton Beach, was arraigned with eight counts of grand larceny; three counts of forgery; three counts of falsifying business records; fraudulent production of license plates, and scheming to defraud.

He faces up to seven years imprisonment if convicted.