Dealer Sued for Fraud and Allegedly Withholding Borrowers Payments

Fort Mill, SC – 30 August 2018 – Some dealers work by having customers pay the dealer, then, the dealer pays a finance company. But what happens when the dealer doesn’t pay the lender? A finance company, Strategic Dealer Services, is suing McCoy Motors in Fort Mill for fraud and breach of contract for $1.8 million over “false documentation” and failing to make “timely payments” on the borrowers behalf to the finance company. 

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