Guilty plea in classic car fraud case
MINNEAPOLIS (AP) — A man accused of defrauding customers of his classic car restoration business out of $1 million has pleaded guilty in federal court in Minnesota.
Twenty-six-year-old Edwin Verdung, formerly of Chisholm, entered the plea Thursday to one count of wire fraud and one count of money laundering. In a plea agreement, Verdung admitted that from April 2007 to May 2010, he took money from customers, but failed to deliver the vehicles or restoration services he promised.
Copyright 2013 The Associated Press.