Register | Forgot Your Password? | Close

PHOENIX -- A Gilbert businessman will spend more than 3 years in prison for bilking customers of his classic car sales company.

The Maricopa County Attorney's Office announced Friday that 67-year-old Stanley Dean Torgerson was also ordered by a judge to pay $1.5 million in restitution to his victims.

Prosecutors say Torgerson sold vehicles through International Classic Auctions but pocketed the money and never delivered the cars. He had been in business since 1989 but was accused of skimming sales proceeds and not delivering cars beginning in 2009.

He was indicted in May 2011 on 101 counts including fraud and theft. Torgerson pleaded guilty to three counts of fraudulent schemes and one of theft in a June plea agreement.

Torgerson tried to blame employees for embezzling the money.

Associated Press,

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • CopperPoint Mutual Insurance Company

    SCF Arizona has a new name. They are now CopperPoint Mutual Insurance Company.
  • Taylor Morrison

    World Class People. World Class Company. We are a national home builder committed to building homes inspired by you.
  • Go Daddy

    World Class People. World Class Company. Go Daddy is a Fortune 100 "Best Companies to Work For."
  • Avnet

    World Class People. World Class Company. Here's information on a Fortune 500 company from Arizona.

Voice For A Better Arizona

  • Working For Arizona

    The business and economics of Arizona at the start of 2014 and looking forward.
  • Arizonans In Need

    Putting a focus on charities and organizations who provide help and/or need your help to fulfill their missions.
close

Share: