Thursday, September 23, 2010

Tanya Fultz
Ethics
September 5, 2010

State Farm accuses Denny Hecker of fraud
The once bigger than life automobile mogul Denny Hecker is not the great all American car dealer he wanted us all to believe. He is far from that. Denny Hecker is not only left dealing with the State and Federal Government, but he is being sued by other companies that have dealt with his unscrupulous ethics. One of these Companies is State Farm Mutual Insurance Company.
State Farm Filed a suit in Arizona in September, accuses Denny Hecker”s Advantage Rent-A-Car Company and Southwest-Tex Leasing subsidiary of submitting bills from third party auto-accident appraisers and body shops that failed to show Hecker's industry discounts on rates and prices. State Farm also accuses Hecker of selling damaged cars for inflated prices and yet billing State Farm for total losses. State Farm is demanding more than $1 million in damages for "hundreds of fraudulent claims."
Southwest-Tex has denied the allegations. Advantage Rent-A-Car which had a fleet of 15,000 cars used to be a nationwide retail fleet, filed for bankruptcy protection in December. A huge chunk of the fleet was sold to Hertz car rental while the rest is waiting to be liquidated.
Of the 26 car dealerships that Denny Hecker owned and operated 25 of them have already been closed down along with his leasing fleets and mortgage operations.
Hecker is being investigated by the state for possible sales tax evasion, and civil fraud for diverting $148 million in funds from 6 of Denny Heckers Companies prior to filing for Bankruptcy and other charges are still being looked at being filed. To access this article click this link : http://www.startribune.com/business/49608407.html?elr=KArks:DCiUHc3E7_V_nDaycUiD3aPc:_Yyc:aU7DYaGEP7vDEh7P:DiUs
To access other articles on the unethical business practices of Denny Hecker Click on one of the following links:
http://www.twincities.com/ci_15975518?nclick_check=1
http://www.google.com/search?q=U.S.+v.+denny+hecker&hl=en&rlz=1T4GGIH_enUS225US225&prmd=o&ei=TxGETNOmB8qTnQfQ3rGWAQ&start=10&sa=N

http://www.google.com/search?sourceid=navclient&aq=0h&oq=&ie=UTF-8&rlz=1T4GGIH_enUS225US225&q=state+farm+v.+denny+hecker

1 comment:

  1. Using Car Rental 8 you can discover the best car hires from over 50,000 locations across the globe.

    ReplyDelete