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Man gets 6 years in classic car fraud case

March 18, 2014
Associated Press

MINNEAPOLIS (AP) — A former northern Minnesota businessman has been sentenced to more than six years in prison for bilking classic car buffs out of more than $1 million.

Twenty-seven-year-old Edwin Verdung, formerly of Chisholm, also was sentenced Tuesday to three years of supervised release and ordered to pay restitution to his victims.

Verdung pleaded guilty in federal court last August to one count of wire fraud and one count of money laundering.

Verdung admitted that from April 2007 through May 2010, he was paid to provide or restore classic cars at Memory Lane Classics. However, he failed to provide the cars or the restoration services as promised.

The Star Tribune (http://strib.mn/1mg3lrj ) reports the business shut down in the spring of 2010.

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Information from: Star Tribune, http://www.startribune.com

 
 

 

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