Sioux Falls Car Dealer Top Face Federal Fraud Charges

Tools

By Video KSFY

Story Created: Nov 21, 2008 at 9:08 AM CDT

Story Updated: Nov 21, 2008 at 12:13 PM CDT

Sioux Falls car dealer Dan Nelson, is charged with 28 federal counts of bank fraud, wire fraud and mail fraud.

Authorities accuse Nelson of giving MetaBank false reports to
keep his loans coming, causing the bank to lose $21 million.

Nelson had car dealerships in Sioux Falls, Rapid City, Des
Moines and Council Bluffs, Iowa.

User Agreement

View comments

The following comments do not necessarily represent the views of KSFY.com. Users have agreed to these terms and in doing so accept full responsibility for their comments. Moderation is limited.

View Oldest Comments First

Tuesday, Nov 25 at 3:43 PM Michelle wrote ...

Why is this guy being prosecuted and all the banks are getting government bail outs? They both did the same thing by allowing credit to people who couldn't afford it.

Tuesday, Nov 25 at 8:58 AM Citizen wrote ...

Big smiles, handshakes and lies. The recipe for thief! The economic crisis is more KARMA than anything. For years the white-collar thieves have robbed this country blind and the buck stops in 2009!

Add a comment

Hide comments

KSFY Action Weather

Sioux Falls 76.0 °F

Partly Cloudy

Wind : East at 10.4 MPH (9 KT)

Humidity : 62 %

Pressure : 1011.9 mb

Aberdeen 79.0 °F

Pierre 77.0 °F

More Weather

On Demand

ABC Video
News & Shows Read more »
KSFY.com/mobile
Take Us With You Read more »
RSS/XML Feeds
Instant Updates Read more »
Video On Demand
Local News Video Read more »
Facebook
We're on Facebook Read more »
Twitter
Follow us on Twitter Read more »

Stock Quotes

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.