Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘cars’

Alabama Man Pleads Guilty To Selling Cars He Didn’t Own: Where’s the crime?

Posted by Warm Southern Breeze on Monday, February 24, 2020

According to the United States Attorney’s Office for the Middle District of Alabama, and various related published stories, 35-year-old Robert Brandon Malone of Prattville, AL plead guilty Tuesday, February 18, 2020 in Federal court to three counts of wire fraud, and one count of transporting a stolen vehicle in a scheme in which he sold cars he did not own.

United States Attorney Louis V. Franklin, Sr., FBI Special Agent in Charge James Jewell, and Prattville Police Chief Mark Thompson made the announcement.

The United States Attorney’s Office issued a news release 20 February which outlined the facts of the case, as follows:

“According to court records, in April of 2017, Malone posted a Dodge Ram 1500 pickup truck for sale on the advertising website craigslist. However, the truck was actually a trade-in vehicle to the dealership for which he worked at the time. After the post, he was contacted by a potential buyer and represented to him that he was the actual owner. The buyer made the purchase, but returned the vehicle after learning that Malone did not own the truck. Malone did not refund his money.

“Later, in January of 2018, Malone was working on a Chevrolet C-10 pickup truck for someone and was storing it at his shop. Once again, he created a craigslist post listing it for sale although the owner had not given him the authority to do so. A potential buyer contacted Malone and arranged a trade for another vehicle. Once he learned that Malone did not own the truck, it was returned to the rightful owner. However, the vehicle that was traded was not returned.

“Finally, in November of 2018, Malone went to a car dealership in Georgia and was in the process of completing the paperwork to purchase an Audi R8. However, before the purchase was complete, he drove the vehicle off the lot and back to Prattville. He contacted someone that he knew was in the market for an Audi and they drove to Prattville to look at the vehicle. The purchaser gave him a down payment for the car and left his F-150 with Malone to hold temporarily until he could return to pick it up. Malone did not wait for the owner to return, instead, he listed the truck on Instagram and sold it to another individual. Ultimately, the Audi was returned to the dealership and the truck to the Audi purchaser. However, neither victim recovered their losses.”

Now, this is where things get interesting.

Just in the case you’re not aware of it (and I wouldn’t expect 95-98% of readers to be, though I could be surprised), such an activity isn’t illegal on the stock market… per se.

First, let’s review the core facts of the above-mentioned case.

1.) In the first instance, by virtue of his employment, he (Malone) was in possession of a vehicle, which he sold to a willing party. The willing party returned the truck when he discovered that Malone didn’t have title to it, and Malone didn’t refund his money. A case for theft could possibly have been made, but was not, because under Federal law, Read the rest of this entry »

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Corvette: It’s your Daddy’s car

Posted by Warm Southern Breeze on Sunday, January 13, 2013

“Hey Dad… can I borrow the ‘Vette?” say few young men.

And the headline is atrocious.

Try instead “Corvette’s New Design Not Just for Successful Plumbers,” or
“Newly Designed Corvette Not Just for Successful Plumbers.”

Corvette Not Just for Successful Plumbers With New Design

The Chevrolet Corvette, once the coolest of cool rides on Route 66 and the rest of America’s roads, has suffered the cruelest of fates: It’s known as an old man’s toy. Even the head of Chevy marketing acknowledges that too many people see it as the car of “the successful plumber.”

General Motors Co. (GM) is determined to change that.

In two days, Chevrolet will unveil the new Corvette, which so far GM has teased as having a sleeker exterior, a bigger engine and a dramatically improved interior.

GM design chief Ed Welburn this week unfurled a poster on a table at his office in suburban Detroit showing images of the remodeled Corvette along with Stingrays from 1959 and 1963.

“I want this image on every kid’s wall,” he said in advance of the Jan. 13 unveiling of the new car on the eve of the North American International Auto Show in Detroit.

The redesigned Corvette, code-named C7, arrives as

Read the rest of this entry »

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Federal Reserve: Economy “Strengthening” & “Generally Expanded”

Posted by Warm Southern Breeze on Friday, October 12, 2012

“Most Districts reported strengthening in existing home sales, while prices were described as steady to increasing, with declining inventories noted in the Boston, Atlanta, Minneapolis, Dallas, and San Francisco Districts.

“Automobile sales were flat over the past six weeks but are up year-over-year.

“Demand for consumer credit remained relatively strong, Read the rest of this entry »

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Oil prices crashed and Chevron still made nearly $24 a barrel

Posted by Warm Southern Breeze on Saturday, July 28, 2012

Must be something to what those kooky Occupy Wall Street type folks, and the evil Democrats are saying.

Oil prices crashed and Chevron still made nearly $24 a barrel

By Ronald D. White; July 27, 2012, 1:32 p.m.

Take just about any business situation in which the value of a company’s primary product suddenly falls by more than 29% and it could be time to panic. Then there is the oil patch, where billions of dollars in profits are possible even after that kind of collapse in crude prices. Chevron Corp. of San Ramon, Calif., is just such an example.

Even with the sharp drop in oil prices that began in the first quarter and ran through the end of the second quarter — a decline from $109.41 a barrel to $77.69 a barrel — Chevron had a positive margin of $23.53 on every barrel of crude it produced, according to analysts. Chevron said its margin was actually $26 a barrel. Read the rest of this entry »

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Bama’s Benzs Burn in Brunswick

Posted by Warm Southern Breeze on Tuesday, March 16, 2010

Like the alliteration?

Several train carloads of Mercedes Benz SUVs made in Vance, AL …Continue…

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The Face of Leadership: Toyoda Apologizes

Posted by Warm Southern Breeze on Wednesday, February 24, 2010

“I’m deeply sorry.”

– Toyota Motor Corporation President & Chief Executive Officer Akio Toyoda

Akio Toyoda, grandson of Toyota founder Kiichiro Toyoda, …Continue…

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Another reason to buy a Ford

Posted by Warm Southern Breeze on Thursday, November 19, 2009

Aside from General Motors “going out of business” taxpayer bail-out fire sales and their deceptive “you can return this care if you don’t absolutely love it” teevee commercials… yeah, that’s enough to make anyone’s stomach turn.

Andyway, the Insurance Institute for Highway Safety, a private, insurance-company-funded organization (don’t get me started on those bastards, the insurance ones, that is), has released their “Top Safety Pick” for 19 sedans and 8 SUVs fro the 2010 model year. Their ratings are, in order, from the top: Good (G), Acceptable (A), Marginal (M), and Poor (P).

Ford and Volvo (a Ford-owned subsidiary), each earned 6, while Subaru, Volkswagen and their Audi division each received 5.

Chrysler earned 4, while Honda and GM each had 2, with Toyota, BMW, Mazda and Mitsubishi receiving none.

Hey!

What about Mercedes-Benz?

Oh yeah… their C class automobile (which the IIHS classifies as “midsize” – what’s their S class, then? Super? The C class is Coupe/Compact, you idiots!) is a “Top Safety Pick” for 2010.

And, Mercedes models have ranked Good from 200-2009 and Acceptable from 1997-2000.

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