Auto Dealer Pleads Guilty to CU Loan Fraud

NEW HAVEN, Mass. – A Springfield, Mass., car dealer pleaded guilty in federal court to borrowing more than $425,000 from four area credit unions to buy fictitious or non-existent autos. Sean Roget, a 37-year-old national of Trinidad and Tobago, also known as Ricardo Saavedra, pleaded guilty to charges of bank fraud. Roget, who operated Riverside Auto Sales in Bristol, Ct., obtained loans for eight cars, including a 2002 and 2004 Porsche and a 2003 Mercedes; in some cases never owning the vehicles, in others the purchasers were fictitious. On the loan applications submitted to Comtrust FCU, Aldenville CU, Freedom CU and Fairfield County CU, he claimed the cars were being purchased from Riverside Auto Sales.

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