Seven Indicted in $800,000 Auto Loan Scheme

CHARLESTON, SC—United States Attorney William N. Nettles stated today that seven individuals were indicted for their roles in an auto loan scheme involving over $800,000.

Indicted for conspiracy to commit bank fraud were William Brian Toadvine, age 34, Donald Toadvine, age 58, Colin Slaven, age 38, all of Mt. Pleasant; Floyd Hargrove, age 41, from Bluffton; Daniel Kosmer Jr., of Greenville; Joyce Pozniko, 58, of Hanahan; and Elizabeth Donnelly, 47, of Beaufort. All seven defendants were indicted for a single charge of violating 18 U.S.C. 1349, conspiracy to commit bank fraud, which carries a maximum of 30 years’ imprisonment. The indictment alleges that the group fraudulently obtained auto loans by providing false documentation to over 16 different banks and credit unions. D. Toadvine, Hargrove, Slaven, Kosmer, Pozniko, and Donnelly are each charged in an additional count under 18 U.S.C. 1014, providing false information in a loan application.

The case was investigated by agents of the FBI. Assistant United States Attorney Nathan Williams of the Charleston office is prosecuting the case.

Mr. Nettles stated that the charges in this indictment are merely accusations and that the defendants are presumed innocent until and unless proven guilty.