CONCORD, NH – One of six people charged with bank fraud involving car loans, totaling several hundred thousand dollars, obtained with fake documents pleaded guilty Monday in U.S. District Court.
Robesteur St. Felix, 47, of Manchester pleaded guilty to three counts of bank fraud. He will be sentenced on June 29, 2022.
According to the indictment, St. Felix and the others 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.
Solomon Yarteh, 47, of Sierra Leone, was president of Allied Imports and St. Felix was the CEO of Cap’s Auto Sales. The sales were fraudulent, according to court records, because the accused never owned the vehicles or greatly inflated the value of the cars.
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