Sioux Falls Car Dealer Top Face Federal Fraud Charges

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Sioux Falls Car Dealer Top Face Federal Fraud Charges

By Video KSFY

Story Created: Nov 21, 2008 at 8:08 AM CST

Story Updated: Nov 21, 2008 at 11:13 AM CST

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.

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Tuesday, Nov 25 at 2:43 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 7:58 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!

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