Corporate Fleet Manager Gets 4-Year Sentence for Grand Theft Auto, Embezzlement

The former director of transportation at OCB Reprographics in Irvine, California, Bryan Moylan, pled guilty to 75 counts of grand theft auto and embezzlement. OCB lost an estimated $500K when vehicles coming off lease were sold illegally. Moylan paid off residuals to Enterprise Fleet Services and sold 45 vehicles while pocketing the profits. Another 30 vehicles were sold prior to the leases expiring.

Internet Splice: Autobytel Buys Stoneage in $48M Deal

VW, 2 Investors to Acquire LeasePlan in $2.38B Deal

Background LeasePlan owns LeasePlan USA, Alpharetta, GA, a major player in the US fleet vehicle leasing and management industry

Majority of Carmakers Incorporate Persistent Seat Belt Reminders in Newer Models

New IRS Vehicle Depreciation Rules Mark Reductions From 2003

Internal Revenue Service has issued new rules on depreciation deductions for passenger vehicles placed in service in 2004. The new notice makes significant reductions in vehicle values from 2003.