Findings of Fact
1. Dent holds current a certificate No. 008911 as a certified public accountant (C.P.A.), and a permit to practice that expired September 30, 1999. At all relevant times, Dent’s certificate and permit were current and active.
2. Dent was the secretary and treasurer of the following:
1. Sonny Hill Pontiac-Buick-GMC Truck, Inc. in Olathe, Kansas and
2. Sonny Hill Motors, Inc. in Platte City, Missouri,
for which General Motors Acceptance Corporation provided financing; and:
3. Sonny Hill Saturn, Inc. in Olathe, Kansas,
4. Sonny Hill Chrysler-Plymouth-Jeep-Eagle, Inc. of Kansas City, Kansas,
5. Sonny Hill Oldsmobile-GMC Truck, Inc. of Kansas City, Missouri,
6. Sonny Hill North of Platte City, Inc. in Platte City, Missouri,
7. Sonny Hill East, Inc. in Blue Springs, Missouri,
8. Sonny Hill Chevrolet-Geo-Jeep-Eagle, Inc. of Lansing, Kansas and
9. Sonny Hill Chevrolet-Geo-Oldsmobile, Inc. in Lawrence, Kansas,
for which Chrysler Credit Corporation provided financing.
3. To maintain the financing for the dealerships in Findings 2 (the dealerships), Dent and others sent statements of financial standing to General Motors Acceptance Corporation and Chrysler Credit Corporation (the finance companies). Such statements were falsified by inflating the amount of cash the dealerships had. After sending the statements to the finance companies,
the false entries were removed from the statements so the dealerships could have correct financial records to operate on.
4. As a result of relying on the dealerships’ false financial statements,
1. General Motors Acceptance Corporation lost $2,424,770.51;
2. Chrysler Credit Corporation lost $1,265,673.33; and
3. Boatman’s First National Bank of Kansas City, Missouri lost $404,446.
5. On November 22, 1999, the United States District Court for the District of Kansas found Dent guilty based on the facts in Findings 2 through 4 and on his guilty plea of “wire fraud and aiding and abetting” under 18 U.S.C. sections 1343 and 2. The Court imposed a sentence of five years probation and a $5,000 fine. United States v. Dent, Case No. 2:99CR20036-01-GTV.