CHICAGO (AP) – Fraud charges have been filed against an accountant and two executives of a suburban Chicago auto loan company for misappropriating more than $5 million in company funds.
James Collins, CEO of Evanston-based Honor Finance LLC, the company’s chief operating officer, Robert DiMeo, and accountant Michael Walsh are charged with mail fraud.
The men are accused in U.S. District Court of diverting money owed the company over eight years to an outside entity they created.
They used the misappropriated funds on personal expenses and family members. The men couldn’t be reached for comment.