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Wednesday, 26 May 2021 21:19

Classic Car Museum Owner Sentenced in Wire Fraud Scheme

Written by Steven Symes, Motorious

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The U.S. Attorney’s Office for the Southern District of West Virginia said Ricky V. McLaughlin, who operated McLaughlin Motor Car Museum in Parkersburg, WV, has been sentenced by a judge to 87 months in prison.

McLaughlin was on trial for what prosecutors said was a wire fraud scheme designed to defraud people who wanted to buy classic cars from the museum.

 

According to the U.S. Attorney’s Office, for more than four years, McLaughlin stole money and defrauded 17 different customers out of more than $1 million. In court filings, it was detailed out how the man would buy, restore and then sell classic cars, particularly Pontiac Trans Ams. However, at least some customers never received the car or the title after making payment.

 

Even worse, prosecutors alleged McLaughlin would sometimes sell the same car to multiple customers. In a scheme we’ve also seen, he would sell vehicles which were on consignment, then refuse to send the sale proceeds to the owners.

 

In addition to serving more than seven years in prison, McLaughlin has been ordered to pay more than $700,000 in restitution to his victims. Obviously, that amount doesn’t cover all the money lost, so not everyone will be made financially whole.

 

If you’re not infuriated reading about this case, likely you haven’t been swindled or know someone who has. These sorts of schemes happen far too often, so it’s great to hear about this man facing consequences.

 

It also highlights the value of working with...


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