InvestorsHub Logo
Followers 4
Posts 3576
Boards Moderated 1
Alias Born 07/06/2007

Re: dia duit post# 32327

Monday, 04/12/2010 11:22:53 PM

Monday, April 12, 2010 11:22:53 PM

Post# of 32426
Canonsburg car dealer waives some charges to court

http://www.observer-reporter.com/OR/Story/03312010locastrowaives

3/30/2010 2:49 PM
By the Observer-Reporter

CANONSBURG – The owner of a Canonsburg used car dealership waived one set of charges to court Tuesday while a preliminary hearing for a second set was continued for 90 days.
Vincent LoCastro, 46, of 102 Standing Rock Drive, McMurray, waived to court charges stemming from his alleged failure to pay the state money for fees collected on vehicles he sold at All Pro Auto Mall, 116 1/2 S. Central Ave. He had been scheduled for a preliminary hearing before District Judge David Mark.

A hearing into charges of deceptive or fraudulent business practices, theft by deception, bad checks and theft was continued for 90 days. LoCastro was charged by state police Bureau of Criminal Investigations, Western Task Force, for allegedly to give LoCastro a North Franklin Township man full payment for a 2005 Lexus he sold. When Kenneth Homerosky cashed a check LoCastro had given him, it was returned for insufficient funds.

LoCastro agreed to pay Homerosky $2,500 a month for the next seven months starting April as repayment.



http://www.observer-reporter.com/OR/Story/03-31-2010-LoCastro-waives

3/31/2010 3:32 AM

Canonsburg dealership owner waives set of charges to court

By Kathie O. Warco, Staff writer, kwarco@observer-reporter.com

CANONSBURG - The owner of a Canonsburg used car dealership waived one set of charges to court Tuesday while a preliminary hearing on a second set was continued for 90 days.
Vincent LoCastro, 46, of 102 Standing Rock Drive, McMurray, waived to court charges stemming from his alleged failure to pay the state money for fees collected on vehicles he sold at All Pro Auto Mall, 1161/2 S. Central Ave. He had been scheduled for a preliminary hearing before District Judge David Mark.

A hearing into charges of deceptive or fraudulent business practices, theft by deception, bad checks and theft was continued for 90 days. LoCastro was charged by state police Bureau of Criminal Investigations Western Task Force for allegedly failing to give a North Franklin Township man full payment for a 2005 Lexus he sold.

When Kenneth Homerosky, who owned the Lexus, cashed a check LoCastro had given him, it was returned for insufficient funds.

A dealership employee told police that LoCastro did not want to buy the vehicle but agreed to put it on the lot. If it did not sell, the dealership would take it to an auction. LoCastro took the luxury car to the auction.
Records from American Auto Auction show the car sold for $21,100. After fees, a check for $20,900 was made out to Auction Credit Enterprises and applied toward All Pro Auto's debt with the auction.

Homerosky eventually received $4,000 for the vehicle. LoCastro agreed to pay Homerosky $2,500 a month for the next seven months starting in April as repayment.

LoCastro waived to court the charges filed by state police at the Washington barracks for multiple violations, including 338 counts of applications for certificate of title and more than 500 counts of violating rules for registering vehicles. He is also charged with theft by failure to make required deposit of funds and tampering with public records.

Those charges are expected to be dealt with later this month along with other charges previously filed against LoCastro at a proceeding before Judge Janet Moschetta Bell. State police filed hundreds of charges against LoCastro, claiming fraudulent business practices at the dealership in 2007 and 2008.




IBAFT: We don’t give a rat’s behind about going
after Urban Casavant, John Edwards, their “cohorts” and
the relatively pitiful $250 million that you state they
misappropriated.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.