Former auto dealer indicted for fraud, money laundering
MADISON, Wis. (AP) — The former general manager of a Madison auto dealership has pleaded not guilty to federal fraud and money laundering charges.
The federal indictment unsealed Monday against 53-year-old Allen Foster, of Sun Prairie, follows a lawsuit filed last year by his former employer, Smart Motors, alleging he embezzled several million dollars.
The indictment in U.S. District Court charges Foster with 12 counts of wire fraud and eight counts of money laundering. It alleges he created bank accounts for a shell company and deposited money about $180,000 from his employer over a period of 12 years. The charges say Foster directed checks for advertising costs payable to Creative Marketing Solutions, a fictitious company he controlled. His attorney, Stephen Hurley, did not immediately return a call for comment on Foster’s behalf.