Car Warranty Co. Owner Admits To $71M Fraud

Law360, New York (April 9, 2012, 10:11 PM EDT) -- A former owner of defunct car warranty dealer U.S. Fidelis Inc. pled guilty Monday in Missouri federal court to federal charges stemming from a scheme in which he and his brother allegedly withheld customer refunds and used a substantial amount of $71 million in distributions they received from their company for personal expenses.

Darain Atkinson, 47, copped to conspiracy to commit mail and wire fraud and to filing false tax returns, his attorney Scott Rosenblum of Rosenblum Schwartz Rogers & Glass PC confirmed Monday, days after...
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