UPDATE: Former Car Dealer Pleads Guilty in Federal Court
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Updated: 1:07 AM Mar 4, 2008
UPDATE: Former Car Dealer Pleads Guilty in Federal Court
Fred Davis pleaded guilty to one count of Bank Fraud and 1 count of Money Laundering.
Posted: 11:06 AM Mar 3, 2008
Reporter: WSAZ News Staff
Email Address: news@wsaz.com
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A former Huntington area car dealer has pleaded guilty to federal charges in US District Court in Huntington

The trial for Fred Davis was expected to begin Monday, instead Davis pleaded guilty to one count of Bank Fraud and 1 count of Money Laundering.

Davis who owned Davis Chrysler Plymouth Jeep Eagle was indicted in 2006 for his role in what federal prosecutors called a complex fraud scheme. They say Davis stole 6 million dollars from BB&T as part of that scheme.

That original 38 count indictment included 1-count of Bank Fraud, 20-counts of Wire Fraud, and 17-counts of Money Laundering.

He sold the business in 2003.

Davis will be sentenced in June. He faces 40 years in prison and could pay restitution of 15 million dollars.

Latest Comments

Posted by: annonymous on Mar 9, 2008 at 01:11 PM

While I don't agree with Mr. Davis' actions, I do ask that we all pray for his family, especially his two innocent daughters. Not only are they probably reading comments on this blog about their father, but they are suffering with embarassment and surely a change in lifestyle coming their way.
Posted by: BOB T on Mar 8, 2008 at 10:31 AM

GOOD LUCK MAN-IT WILL WORK OUT
Posted by: Bill on Mar 6, 2008 at 11:31 PM

In response to Anonymous...the questions Dave Benton asked were appropriate. Fred Davis pleaded guilty to bank and wire fraud. Dave's first question asked if Davis wanted to make a comment. His attorney would not let Davis answer, so, Benton continued his peppering of questions, which included: "Did you think you'd get away with it?" "Why did you do it to begin with?" "Is there anybody you'd like to apologize to?" It appeared to me those questions were very poignant and questions I and viewers would have asked. Get over yourself, you're obviously a family member or close friend of his. He had 3 chances to answer the reporter.. but kept silent... which speaks volumes of his guilt.
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  • Posted By: Hey Channel 3: Are you guys covering the Taxed Enough Already (TEA) party protest outside Rahall's office in Huntington tonight at 6? I heard today that Obamacare will create 159 new federal agencies and raise taxes by over a Trillion dollars.
  • Posted By: Sahara: What happened to Chris Olson? We just loved to watch the Morning Coffee Quiz?
  • Posted By: portsmouth citizen: I would like to see WSAZ cover the nut mayor we have in Portsmouth. She is trying to blame our fire dept and police dept for the problems in Portsmouth, while she gives herself a raise and remodeled her office. She forgot to mention that there is asbestos and mold so bad in the police station that officers are in as much danger in the building as they are fighting crime. She also forgot to mention that the fire department works their tails off to protect our city, and do not make great money, but do it with amazing passion. Before she blames these men and women, she needs to take a look at herself. She interupted a man very rudely that was speaking in front of a group, and when he said, maam, can you give me just a minute, she yelled at him for not calling her Madam mayor!!! What a power trip! We need to get her out of there! Come on WSAZ, cover this nut, and get the word out there!
  • Posted By: Anne: FYI to a few callous veterinarians in the region: Our pets are very dear to us. Unfortunately, when their bodies cannot be saved, and they have to be "put to sleep", some kindness would be greatly appreciated. Some reverance, consideration for the pet and the people involved, and basic kindness would be helpful in dealing with this horrible experience. Shame on those of you who do none of the above; a huge thank you to those of you who act with some semblance of respect.
  • Posted By: Keith...thanks Jim: No offense, I just didn't know what you were trying to say. Clarification is good sometimes. I have noticed the people who call names the most on here and impugn other folks intelligence are often the worst spellers, can't put a sentence together, often can't carry a coherent thought to completion, etc..but I often say "corpseman" now when talking about those folks in the Navy, just as a tribute mind you, no disrespect intended. I am going to study geography now, my family is planning a vacation to one of our 57 states, we just haven't decided which one, we just have to remember and take our asthma "inhilators" along so we don't get winded.
  • Posted By: plain as day: well i see wsaz,obama news has slowed,stopped free speech 3 days.
  • Posted By: george: to christina:support the smoking ban in your own home and keep your nose out of others business!! how bright you must be,for your info my wife had twin girls,and the doctor told her NOT to quit because it would cause stress on the babies. thats from a doctor which im sure by far your not!!! so you want to chrg. her with child abuse,how foolish are you!! you need to worry about whats in your own closet and not everybody elses!!!!
  • Posted By: Jeremy C: I agree with Christina though I'd go a step further and clear this up once and for all and make cigarettes illegal.
  • Posted By: Dave: @christina do you support a womans right to abortion? Just a question, I am curious. The health department does not have the right to make any laws, only elected offficials, elected by the people are supposed to pass laws. If the majority of people want a smoking ban, the ban smoking. But don't leave up to appointed officials in the Dept. of health. smoking is bad, but smoking bans are unconstitutional, and that is worse.
  • Posted By: Big Earl: Hello good WV coal miners and there kin did any of you people see that show on the PBS channel the other night about WVs own Rocket Boys Homer RoyLee Quintin and Sherman Odell can somebody at Governor Joes office tell these people down to the TV station to quit bumming money while were trying to watch the show last time it was WVs own adopted son John Denver singing Country Roads Take Me Home got interupted or WV adopted son John Boy Walton doing the talk over on the history of WV show getting cutoff who is the people that sits around talking on the phone in the back of the room you are trying to watch the show next thing somebody comes on trying to sell you a Edsel or a 200 dollar t shirt it is the working coal miner what keeps the PBS station afloat they ought to give all certified WV coal miners free Rocket Boy tshirts.
  • Posted By: Christina: I support the ban on smoking. All studies show the dangers of this recreation. Now; when is someone going to be bold enough to create and pass a law that charges and convicts woman who smoke while pregnant of CHILD ABUSE? The baby does not have the choice to smoke or not to smoke, but YOU do!
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  • Posted By: Keith...if you love your country and cherish your freedom, act now...: The way things should be in America: Barack Obama decides something is good for us, it becomes law. Period. Vote on a bill? Why? Read a bill? No need. Televise the hearings? What a joke. Barack says it, that settles it. Oh, Garydon, where are you now that there are real "faceists" at work? Folks, it will be a long, difficult fight this fall, but Nick J. Rahall must be defeated in the House election. He has carried the water for Obama and Pelosi on this Obamanation healthcare bill from the start; he was one of the first to endorse Obama; he is largely protected by WV media, who refuse even to publish his office phone numbers in order that you can call and voice your opinion; Nick and Nancy's bill raises 10 new taxes immediately; gives no "benefits" for 4 years; will ration your care, will raise your premiums, will limit your choices. Sound like a good deal? If you possibly can, log onto the League of American Voters website and contribute to the ads they are running...hurry, do it now.
  • Posted By: Jim: Keith,mirrows an often mispelled and mispronounced word for mirrors,believed to be attributed by an abbreviated note from an illusionist to his aide to line mirrors in a row to cause an optical effect of seeing the same thing over and over again much like the republicans telling stories whether true or not over and over again only to recant after the damage is done.Myself I use the word as a tribute to a person we both know who often mispronounced the word matter of fact he mispronounced so many words and made up so many that there was a term coined after him Bushism's
  • Posted By: Big Earl: Hello good coal miner people of WV and there kin did you people see where the WV Mountaineer basketball team is going to what they call the Big Dance well I say congratulations I heard them people from over on the McCoy side of the river is to well I bet Coach Huggins won’t be dragging a tree hugger around everywhere with him sticking a camera in her face ever time they call timeout as his Number 1 fan I say pack the muzzle loader and go hunt treehugger wildcat did you people ever read that story where our own Devil Ance Hatfield off the WV side of the river hunted wildcat with his bare hands he treed a bear to I read it in that book Story of the Devil hey you hippies and dopeheads head back over to Ohio and cheer for your buckeye nuts look out Shaggy it’s the WV State Police ruh roh Scooby hide the dope.
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