Auto Dealer Manager sent to prison
The manager of Diamond Jim's Auto Sales on Milwaukee's south side has
been
sentenced to six months in prison on a federal felony charge.
James Letizia Jr., the namesake son of the dealership's founder, also
must pay a fine
of $15,000 and serve three years of supervised release,
according to court records.
Letizia, who was sentenced yesterday in federal court in Milwaukee,
pleaded guilty in September to lying on IRS Form 8300. That form allows
the IRS to track cash transactions over $10,000. By signing it, merchants
and bankers certify that the information on it is true. Letizia admitted
falsifying the form by putting a false name on it, according to court
records.
Source:
JSOnline
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We have worked with CTMS for years. Their professional staff and
extensive experience provide an invaluable resource to our teams at
each of our dealerships. I rest easier knowing that they train our
staff and review cash transactions to help ensure we will not run
into problems with the IRS.
Allan Cady
Chief Financial Officer
Automotive Investment Group
I don’t have any concerns about what would happen in an IRS Form
8300 audit. CTMS has done such a great job training
my staff and auditing my cash transactions that I rest easy at night
knowing that if the IRS shows up, they will leave complimenting our
program and follow-through.
Ken
Shaw
Controller
Midway Auto Team
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