Prison Time For Classic Car Scam
MINNEAPOLIS (AP) — A former northern Minnesota businessman has been sentenced to more than six years in prison for bilking classic car buffs out of more than $1 million.
Twenty-seven-year-old Edwin Verdung, formerly of Chisholm, also was sentenced Tuesday to three years of supervised release and ordered to pay restitution to his victims.
Verdung pleaded guilty in federal court last August to one count of wire fraud and one count of money laundering.
Verdung admitted that from April 2007 through May 2010, he was paid to provide or restore classic cars at Memory Lane Classics. However, he failed to provide the cars or the restoration services as promised.