Auto Fraud Case Ends in Guilty Plea

Sean Roget, also known as Ricardo Saavedra, is 37 years old, and is a citizen of Trinidad and Tobago. He is also looking at jail time for participating in auto loan fraud.

Roget, a former Bristol auto dealer, has pled guilty to a single count of auto loan fraud, and did so willingly in U.S. District Court. The U.S. attorney’s office said that Roget entered the plea before U.S. District Court Judge Mark R. Kravitz, in New Haven, Connecticut.

Roget has been operating the Riverside Auto Sales, LLC company, and has been participating in an auto loan fraud deal that he cooked up presumably by himself. Roget filed for eight auto loans under fictitious names. The cars were not owned nor sold by Riverside Auto, and he used fake pay stubs and auto insurance documents to finalize the auto loans.

On the auto loan applications, Roget said that the cars were luxury cars and were to be purchased from his dealership. Over the course of about a year, he managed to get $426,766.05 by using this auto loan scheme. Roget now faces up to 20 years in jail for auto loan fraud, as well as a fine of almost $900,000 – he appears for sentencing mid November.

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