Car Dealer Stole $195,000 Through HomeEquity Loan

May 25, 2006, 1:00 a.m. EDT 1 Min Read

ROCHESTER, N.Y. - (05/25/06) A local used-car dealer wasconvicted Wednesday of stealing $195,000 by submitting falsedocumentation that allowed to receive a home equity line of creditfrom ESL FCU. David Green, 53, owner of Dave Green Auto World, wasfound guilty of second-degree grand larceny and second-degreecriminal possession of a forged instrument. Green was found to havesubmitted false documents to the credit union in 2004 that showedhe had paid off a $250,000 mortgage on his home, qualifying him forthe HELOC. Green spent the proceeds form the loan on everydayexpenses, prosecutors said. State tax charges are also pendingagainst Green.

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