Two Erie County Residents Indicted in Scheme to Defraud Auto Loan Providers

Two Erie County Residents Indicted in Scheme to Defraud Auto Loan Providers

Two residents of Erie County, Pennsylvania have been indicted by a federal grand jury in Erie on charges of conspiracy to commit wire fraud and wire fraud.

The eleven-count indictment named Adam Brayton Coover, 34, of Erie, Pennsylvania and Brian Alex Vergotz, 49, f Erie, Pennsylvaniam as defendants.

Acccording to the indictment present to the court, from in and around May 2015, to in and around March 2016, the defendants Coover and Vergotz engaged in a scheme to defraud auto loan providers by using straw purchasers to buy cars from Vergotz knowing that the vehicles would not actually be in the possession of the straw purchasers. Vergotz and Coover also falsified the loan applications to make the straw purchasers appear more credit worthy.