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The Shawnee News-Star
  • Former Okla. car dealer gets 16 months in prison

  • OKLAHOMA CITY (AP) — A former Oklahoma automobile dealer is to serve 16 months in prison for bank fraud and pay $276,000 in restitution.
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  • OKLAHOMA CITY (AP) — A former Oklahoma automobile dealer is to serve 16 months in prison for bank fraud and pay $276,000 in restitution.
     
    The U.S. Attorney's Office said Thursday that 62-year-old John. B. Langley of Harrah was convicted of making a false statement to a federally insured credit union.
     
    Prosecutors say Langley owned and operated J&K Langley Corp. in 2008 and 2009. The business sold used cars in Oklahoma City under the name Bargain Network Auto Sales.
     
    Langley was accused of taking out duplicate loans from a credit union by pledging his inventory as collateral after securing a loan with another lender with the same vehicles.
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