Nov 5, 2015 11:55 AM
Lancaster car dealer pleads guilty in refinance scam, sentenced to prison
LANCASTER — A car dealer who pleaded guilty to persuading people to refinance their car loans then taking their money was sentenced to 4 1/2 to 15 years in prison and ordered to pay back more than $398,000 to those he scammed.
N.H. Attorney General Joseph Foster said Daniel C. Fournier, 41, owner of the former Lancaster Auto Sales, was sentenced as part of a plea deal in Coos County Superior Court. Fournier was accused of soliciting 13 customers to refinance their outstanding auto loans, then keeping the proceeds without paying off the original loans.
He also pleaded guilty and was sentenced for fraud and forgery for forging sales contracts and submitting fraudulent loan applications as well as failing to make required payments on his used cars to financers after selling their vehicles.
“Not only did Mr. Fournier’s behavior result in the theft of large sums of money from banks and commercial lenders, but it also negatively impacted the customers who were caught up in his refinance scam,” Foster said in a news release. “These customers suddenly found themselves with two loans on the same vehicle and were faced with the choice of either trying to keep up with both loans simultaneously, or failing to make payments on one of the loans and suffering the resulting effects on their credit.”