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

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,

How to fix this ROTTEN economy

Here are a few “quick” points, and anecdotal observations, followed by solutions.

According to published reports, unemployment has ranged, on national average, between 9-12%. However, some suggest that the real unemployment rate may be much higher, in some cases, up to twice – or more – of the reported figure. Adding strength to that argument is the fact that 1.) the government reports