Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, announced yesterday that a federal grand jury in Cleveland, Ohio, returned an indictment against David Massucci, age 53. Massucci was charged with four counts of bank fraud and one count of aggravated identity theft. Massucci is a former owner and general manager of Massucci Geneva Ford in Geneva, Ohio.
The indictment alleges that Massucci used his positions as an owner and general manager of Massucci Geneva Ford to obtain the personal information of four customers who purchased vehicles from the dealership. The indictment alleges further that Massucci then used the customers’ personal information to obtain unauthorized loans in their names. The indictment alleges that Massucci received the proceeds from those loans, which totaled approximately $105,000.00, and used the money for his own purposes. For a time, Massucci made scheduled loan payments, but eventually Massucci stopped making payments on the unauthorized loans.
Source: U.S. Attorney’s Office, Northern District of Ohio