CONCORD – Robesteur St. Felix, 47, of Manchester, pleaded guilty on Monday in federal court to bank fraud, United States Attorney John J. Farley announced today.

            According to court documents and statements made in court, between February and July of 2019, the defendant was involved in a scheme to defraud several financial institutions.  The defendants in the scheme applied for and obtained multiple loans to purchase cars purportedly sold by Allied Imports, a Manchester car wholesaler, and Cap’s Auto Sales, a Manchester car retailer.  St. Felix was the CEO of Cap’s Auto Sales.  The sales were fraudulent because the defendants never owned or greatly inflated the value of the cars.  In total, the defendants defrauded the financial institutions of several hundred thousand dollars.

St. Felix participated in the scheme by fabricating three purchase contracts which were used to apply for three fraudulent loans.  On August 20, 2020, St. Felix entered into a consent order with the New Hampshire Banking Department in which he admitted to falsifying the purchase contracts for two of the vehicles in question.

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