Man pleads guilty in scheme that defrauded Toyota of $4.3M

ST. ALBANS, W.Va. (AP) — A West Virginia man has pleaded guilty to orchestrating a scheme that defrauded Toyota of more than $4.3 million.

Stanley Clark admitted to fraudulently administering repurchasing transactions at Love Lexus Toyota in St. Albans, the Charleston Gazette-Mail reported, citing an information filed in federal court. He faces up to 20 years in prison at sentencing.

From March 2008 to December 2015, Toyota offered a buyback program for some Tacoma trucks that rusted abnormally quickly. Dealerships would get a full refund, but private owners would get 150% of what they paid.

Clark, who was working as the head of a third-party vendor assigned to administer the buyback program, admitted to using a dealership in Kentucky to buy the trucks, fraudulently obtain titles for them and then send them to Toyota for a 150% refund, the information said.

As part of the plea, Clark agreed to pay back at least half of the $4.3 million, the information said.

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Kassie Simmons joined the team in January 2019 as a weekend journalist. She graduated from Virginia Tech in just two and a half years with a BA in multimedia journalism. During her short time at Virginia Tech, she served as the editor for the university’s chapter of The Tab. Kassie was named the top reporter for The Tab at Virginia Tech on multiple occasions and made the list for the top 30 reporters for The Tab in the U.S. She also studied theater performance and minored in creative writing. Before coming to WOAY, Kassie interned at WSLS in Roanoke and the Tidewater Review in her hometown of West Point, Va. She has loved following breaking news since her childhood and has a passion for delivering the stories people care most about. Kassie is excited to be working in Southern West Virginia and looks forward to all the adventures ahead of her. You can follow her on Twitter at @KassieLSimmons and like her page on Facebook. If you have a story you think she should check out, send her an email at ksimmons@woay.com.