Rapid City businessman sentenced for bank fraud, tax evasion
RAPID CITY (AP) — The manager of a defunct Rapid City auto dealership has been sentenced to 9 1/2 years in federal prison for bank fraud and tax evasion.
Forty-four-year-old Brent Bednarz also was ordered Monday to repay a total of $1.5 million to the IRS and his uncle.
Authorities say Bednarz embezzled from the Rapid Motors dealership started by his uncle, and also ran a kickback scheme with another local car dealer.
The Rapid City Journal reports that Bednarz pleaded guilty in a deal with prosecutors in which dozens of other charges were dismissed. He has previous convictions for theft, burglary and perjury.