Former NIADA President indicted for fraud that victimized CUs & banks

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr A Pennsylvania grand jury indicted the former president of the National Independent Auto Dealership Association for allegedly running a four-year, multimillion-dollar auto loan fraud scheme that victimized credit unions, banks and General Motors.Andrew Gabler, 50 of Harborcreek, who served as president for NIADA for more than a year and owned two car dealerships outside of Erie, and his finance manager Chad Bednarski, 48, of Fairview, were indicted last week on 17 felony counts of bank, wire and mail fraud.According to the indictment, from January 2015, to January 2019, Gabler and Bednarski falsely said that customers made a down payment and then inflated their income on auto loan applications submitted to financial institutions on behalf of customers.The scheme allegedly victimized the $317 million Widget Federal Credit Union and the $111 million Tendto Credit Union, both of Erie, the $373 billion Capitol One Bank in McClean, Va., the $7.3 billion S&T Bank in Indiana, Pa., and General Motors.last_img read more

Beatrice Export Cable Section Arrives in Peterhead

first_imgThe first section of the second export cable which will connect the Beatrice offshore wind farm to the Scottish grid arrived in Peterhead on Monday, 29 January, Beatrice Offshore Windfarm Limited (BOWL) said. The first section of the 220kV cable is expected to be installed next week, BOWL said.The first 70-kilometre export cable was installed by Nexans’ cable laying vessel Nexans Skagerrak in December 2017.Nexans started installing the first of two export cables for the 588MW Beatrice offshore wind farm at the end of September.In May 2016, the company won a contract for cable works on the wind farm together with Siemens, who is in charge of supplying, installing and commissioning the wind farm’s turbines.The Beatrice offshore wind farm, located in the Outer Moray Firth off Scotland, will consist of 84 Siemens 7MW wind turbines and two Siemens Offshore Transformer Modules (OTMs), all placed on top of jacket foundations.The wind farm is expected to deliver first power by July 2018, with the full commissioning scheduled for 2019.last_img read more