Former Owner and General Manager of Massucci Geneva Ford Charged with Bank Fraud and Aggravated Identity Theft

Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, announced today that a federal grand jury in Cleveland, Ohio, returned an indictment against David Massucci, age 53. Massucci was charged with four counts of bank fraud and one count of aggravated identity theft. Massucci is a former owner and general manager of Massucci Geneva Ford in Geneva, Ohio.

The indictment alleges that Massucci used his positions as an owner and general manager of Massucci Geneva Ford to obtain the personal information of four customers who purchased vehicles from the dealership. The indictment alleges further that Massucci then used the customers’ personal information to obtain unauthorized loans in their names. The indictment alleges that Massucci received the proceeds from those loans, which totaled approximately $105,000.00, and used the money for his own purposes. For a time, Massucci made scheduled loan payments, but eventually Massucci stopped making payments on the unauthorized loans.

If convicted, Massucci’s sentence will be determined by the court after review of factors unique to this case, including Massucci’s prior criminal record, if any, Massucci’s role in the offense and the characteristics of the violations. In all cases the sentence will not exceed the statutory maximum and in most cases it will be less than the maximum.

This case is being prosecuted by Assistant United States Attorney Bridget M. Brennan after an investigation by the Painesville Office of the Federal Bureau of Investigation and the Geneva Police Department.

An indictment is only a charge and is not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.