Car Fraud Probe Set By United States House
House investigators document wholesale bilking of servicemen by auto dealers selling cars to overseas personnel. One California based company allegedly skimmed about 250000 dollars from military men, including some in Vietnam, before closing. Hearings by the Domestic Finance subcommittee of the House Banking and Currency Committee will be held in Newark, New Jersey, on Friday.
MENTIONED IN THIS ARTICLE
David Barnett
Light
Washington
Hearst
Washington — House
California
Viet Nam
Domestic Finance Subcommittee
House Banking and Currency Committee
Newark
Public notices and vehicle loan probe widen to Far East
The Hearst San Antonio publications publish rates and a national directive while a probe headed by Rep. Minish widens to auto loan abuses by a firm serving servicemen. In California fraud involved used cars and a stopped payment. investigations seek the company head who fled to Japan. The California DMV bears a bad check loss amid a national service loan scheme.
Testing Halt Demanded at Disarmament Conference
Neutral powers press for total pause on atmospheric and underground nuclear tests. Report details proposed immediate discontinuance fees and dealer tactics that risk inflated prices and withheld vehicles as servicemen await action. Kansas City area notes regional county spread.
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