The Dykes part of it is Spyke Dikes son. Sad deal.

How many loans did they get you on the Lexus? LOL

How would you feel if you had a loan you knew about, and another one on same vehicle that they were just making payments on for you? It's crazy what they did.

Every time you apply for a loan, initially your credit rating gets a slight ding.

If this auto group was taking out fraudulent loans for all these customers, this story could take a while to unravel.

And if they put a stamp on any of the envelopes, it becomes a Federal crime--I'm not a lawyer, but I watched that John Grisham movie.

2 or 3, we only pay one of them though.

I suspect they will be eligible for federal prison time. Federal prisoners do not earn credits to be released early. Come on silver bracelets and orange jumpsuits as he is a very deserving person for these fashion accessories.

This is pretty much just like the bank and home loan collapse many years ago when banks gave home loans for properties that virtually did not exist nor were they being sold or purchased. Greed and love of money is a very ugly thing to see.

They made some bad decisions, but the bigger picture here are the employees and the community who were not involved in this, but will feel the loss and pain of a company that was very philanthropic in Lubbock.

From what my step dad said, federal time is like a country club compared to TDC. He did plenty of time in both.

jerry lundegaard

Customer: We sat here right in this room and went over this and over this!
Jerry: Yeah, but that TruCoat--
Customer: I sat right here and said I didn't want no TruCoat!
Jerry: Yeah, but I'm sayin', that TruCoat, you don't get it and you get oxidization problems. It'll cost you a heck of lot more'n five hundred--
Customer: You're sittin' here, you're talkin' in circles! You're talkin' like we didn't go over this already!
Jerry: Yeah, but this TruCoat--

source: Moviequotedb.com

good ol' greed


he sounds so nice in his commercial with Tony Romo

One of the worst, cheesiest, cringiest commercials ever

corporate case of "check kite-ing"....happens a lot to used car lots....

The article is kind of vague, but I don't think that's what was happening. It couldn't have been in fact, because after 2-3 missed payments the bank not getting the payments would have had the vehicle repossessed and this would have been figured out much sooner.

This financing was through Ford Motor Credit for inventory for the dealership itself. They would finance inventory through FMC at one location, then finance the same inventory again for a different location.

^^^^^^^^^^