Milan Auto Dealers Under Arrest - News and Weather For The Quad Cities -

Milan Auto Dealers Under Arrest

Updated:
  • Most Popular StoriesMost Popular StoriesMore>>

  • Taking ALS Ice Bucket Challenge A Step Further

    Taking ALS Ice Bucket Challenge A Step Further

    Tuesday, August 26 2014 11:33 PM EDT2014-08-27 03:33:06 GMT
    The ALS Ice Bucket Challenge is a charitable craze that is sweeping the nation, and now, one local man is taking it one step further. He is using the opportunity to make a difference in the life of a woman who lost her husband to the disease and her ongoing fight to one day find a cure.More >>
    The ALS Ice Bucket Challenge is a charitable craze that is sweeping the nation, and now, one local man is taking it one step further. He is using the opportunity to make a difference in the life of a woman who lost her husband to the disease and her ongoing fight to one day find a cure.More >>
  • Boil Order For Parts Of Geneseo

    Boil Order For Parts Of Geneseo

    Tuesday, August 26 2014 11:28 PM EDT2014-08-27 03:28:16 GMT
    The City of Geneseo has issued a boil order for parts of the city. All residents south of Chestnut St. from Oakwood Ave. south to Interstate 80 are under the boil order.More >>
    The City of Geneseo has issued a boil order for parts of the city. All residents south of Chestnut St. from Oakwood Ave. south to Interstate 80 are under the boil order.More >>
  • "Worst Storm In 20 Years" People In Rock Falls And Morrison, IL Still Without Power

    "Worst Storm In 20 Years" People In Rock Falls And Morrison, IL Still Without Power

    Tuesday, August 26 2014 7:25 PM EDT2014-08-26 23:25:41 GMT
    Thousands lost power for a while and there was some damage from downed trees and power lines...More >>
    Thousands lost power for a while and there was some damage from downed trees and power lines...More >>

The owners of the now defunct Blackhawk Autoplex are accused of nearly $1.5 million dollars in bank fraud.

It's a story we first told you about in 2007. That's when Black Hawk State Bank repossessed the cars at the Milan dealership.

Now, Jens and Pamela Hirsch have been arrested. Federal prosecutors allege that the Hirsches had a line of credit to buy cars that they would later re-sell. Prosecutors say under the agreement, when they sold the cars they were supposed to pay the bank back.

Prosecutors say the Hirsches repeatedly and intentionally failed to repay the bank. They both face more than a dozen charges and could face 30 years in prison for every count.

Meanwhile, the site of the former used car dealership is quickly transforming into housing. Two new apartment complexes, with 24 apartments, are going up in its place. The buildings for Cobblestone Commons are already taking shape.

Powered by WorldNow

805 Brady Street, Davenport, IA 52803

Telephone: 563.383.7000
Fax: 563.383.7131
Email: news@kwqc.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Davenport, Inc. A Media General Company.