Sales manager pleads guilty in car loan fraud case

BIRMINGHAM, Ala. (AP) – A former sales manager at a Birmingham car dealership pleaded guilty to charges related to falsified auto loan documents.

Abdul Islam Mughal is scheduled to be sentenced on Nov. 5 on one count of conspiring with others and one count of bank fraud.

Prosecutors say Mughal worked with other employees at the Serra Nissan dealership to falsify loan documents, defrauding customers, Nissan North America and financial institutions. The dealership would pay employees more in commission on high-profit sales.

Prosecutors say Mughal and others inflated the income of prospective buyers, altered documents that required income or residency proof and listed accessories not included on the car to get more in loans.

The U.S. Attorney’s Office is prosecuting the case, which was investigated by the IRS and FBI.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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