Car Dealer Gets Home Detention ForOdometer Roll-Backs

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SPOKANE, Wash. - (08/24/04) -- A former used car dealer wassentenced to six months home detention and ordered to repay morethan $550,000 for selling cars after rolling back the odometers. Aspart of his sentence, Richard 'Rick' Shafer was ordered to repayGlobal CU $150,000 in funds he failed to repay the credit union,which financed the car purchases, according to Frank Wilson,assistant U.S. Attorney for the Eastern District of Washington.Prosecutors said Shafer sold almost 140 high-mileage Canadian carswith doctored odometers to unsuspecting victims. "The credit unionwas a minor victim in this," he told The Credit Union Journal.Investigators said the scheme netted as much as $1 million morethan the cars were worth.

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