FLAT TIRES.
Date | 01 September 2023 |
Author | Mildenberg, David |
Greenville used-car dealership owner Tim Sutton promised dozens of people in eastern North Carolina that vehicle lending could provide safe returns of 12% to 18%. But the auto dealer's foray into consumer finance ended badly when three creditors, owed a combined $2.9 million, pushed Sutton's Greenville Auto World into an involuntary bankruptcy in June.
Bankruptcy trustee Kevin Sink of Greenville was assigned to investigate the matter. More than $10 million may be involved from dozens of...
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