Columbia Auto Dealer Pleads Guilty to $1.7 Million Bank Fraud Scheme

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Posted 4:48 PM 6/4/2012 : Columbia Auto Dealer Pleads Guilty to $1.7 Million Bank Fraud Scheme

JEFFERSON CITY - Federal officials revealed Monday the owner of three Columbia auto dealerships pleaded guilty last week in federal court to a $1.7 million bank fraud scheme that involved financing for more than 100 vehicles.

Aaron Matthew Payne, 39, of O'Fallon, Mo., pleaded guilty on

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