User:MarcieForbis26

Keeping your edge in the competitive market

Online resources 1025 Old Country Road Westbury Long Island management company that subleased cars from cash-strapped owners was arrested yesterday for pocketing the lease money, Nassau County officials said.

George Fallica, online resources Automotive Management Co., which did business as G.C.F. Leasing, was involved in fraud, grand larceny, forgery together with other crimes, Nassau County District Attorney Denis Dillon said.

"Our investigation stated the defendant was interested in unique variations of criminal activities . . . which generated approximately 75 complaints to my office," Dillon said.

The firm, at 1025 Old Country Road, got newspaper ads saying it'd help folks that had leased cars but were not able or unwilling to make additional payments.

The company promised it will find customers to lead the lease agreements, maintain your payments current and alter the car's license, registration and insurance records to show another driver was now leasing the auto.

Fallica did sublease the cars, Dillon said, but he failed to keep his other p romises.

Including, he explained, one Long Island resident surrended his 1991 BMW to Fallica in September 1995. Your vehicle was subleased to an individual who made $7,470 in payments to Fallica. But Fallica only gave $990 to the holder within the car's original lease, and kept others, Dillon said.

Fallica later repossessed your vehicle and subleased it again. This time he received $6,570 in payments, and turned not one of the money over to the holder of the car's original lease, Dillon said.

Fallica put copies on the Pennsylvania license plate over the cars he sublet, Dillon said.

Young drivers. produced phony temporary licenses and fraudulently obtained insurance cards for any vehicles, Dillon said.

Fallica, 48, of Oneck Lane, Westhampton Beach, was involved in eight counts of grand larceny; three counts of forgery; three counts of falsifying business records; fraudulent production of license plates, and scheming to defraud.

He faces up to seven years in prison if convicted.