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Former car dealer and title company founder indicted on fraud charges

by Brianna Bailey Modified: March 7, 2014 at 6:00 pm •  Published: March 6, 2014
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A federal grand jury in Oklahoma City has handed down a 10-count indictment against the former owner of shuttered Richardson Suzuki car dealership in Oklahoma City and the owner of a now-closed Norman title company on charges of bank fraud, false statements to a financial institution and mail fraud.

The indictment claims Anthony E. Aguilar, owner of the former Richardson Suzuki car dealership at Interstate 240 and Western, and Brenda K. Wyatt, founder of Alliance Title Services, conspired to commit bank fraud in 2008 when they submitted a loan application for a $5.5 million loan that overstated their assets and understated their other debts.

Aguilar and Wyatt also took out a $750,000 line of credit to finance cars for the Richardson Suzuki dealership from another bank. Although the line of credit required them to repay the bank after each vehicle was sold, the bank discovered Aguilar had sold several vehicles out of trust.

The mail fraud charges stem from an alleged scheme to take money from Alliance Title Services escrow account required to hold funds from home buyers using financing backed by the U.S. Department of Housing and Urban Development.

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by Brianna Bailey
Business Writer
Brianna Bailey has lived in Idaho, Germany and Southern California, but Oklahoma is her adopted home. She has a bachelor's degree in Journalism from the University of Oklahoma and has worked at several newspapers in Oklahoma and Southern...
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