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Contact: Kim Evans
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FOR IMMEDIATE RELEASE March 10, 1999
NEWS FROM: Nevada Division of Investigation 99-112

Former Owner of Crossroads Motors Pleads Guilty to Swindling Money in Car Loan Scam

One year county jail time suspended to indeterminate probation

An investigation by the Nevada Division of Investigation (NDI) and Churchill County Sheriffs Office has resulted in a guilty plea from 62-year-old Marie Horsley of Fallon. Horsley plead guilty to two gross misdemeanor counts of the sale or creation of a security interest in personal property already subject to a security interest or lien, without informing the purchaser of secured party. She was sentenced to one year in county jail which was suspended. She was placed on an indeterminate probation, not to exceed three years.

Horsley, former owner of Fallon car dealership Crossroads Motors, obtained three separate car loans on the same vehicle, a 1995 Dodge pickup. Each time she portrayed to the lender that this was a new vehicle purchase. Horsley used her knowledge of dealerships to create the necessary documents to ensure the success of the scam. Lenders swindled in the scam included: Klamath Public Employees Federal Credit Union, US Bank and Churchill County Federal Credit Union. Klamath Public Employees Federal Credit Union was paid in full by Horsley, US Bank repossessed the vehicle and the Churchill County Federal Credit Union loan is also currently being paid by Horsley.

The Nevada Division of Investigation, a Division of the Department of Motor Vehicles and Public Safety, assists local law enforcement jurisdictions in criminal investigations.

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