West Herr buys Subaru store from Jeff Lash

Dealer Jeff Lash, who was indicted this 12 months on federal fraud costs, marketed a New York Subaru dealership in August to West Herr Automotive Group.

The acquisition of Spurr Subaru in Brockport from Jeff Lash and Danielle Lash gave West Herr its next Subaru dealership.

Jeff Lash is the identical Lash who is a previous taking care of husband or wife at GPB Cash Holdings and who was indicted in February on federal securities fraud costs, together with previous GPB CEO David Gentile and Jeffry Schneider, owner and CEO of Ascendant Cash, sources confirmed to Automotive Information.

Lash, who lives in Naples, Fla., in accordance to federal prosecutors, oversaw investments into dealerships from 2013 by early 2018 for GPB, an alternative asset management business that right up until last thirty day period was bulk owner of Primary Automotive Group. Lash, who owned and operated a number of dealerships right before becoming a member of GPB, was alleged to have defrauded GPB traders and was indicted on costs of conspiracy to dedicate securities fraud, conspiracy to dedicate wire fraud, securities fraud and wire fraud.

Lash has pleaded not guilty to all costs.

Separately, the U.S. Securities and Exchange Commission in a February civil criticism charged GPB and people together with Lash of operating a Ponzi-like scheme.

Lash’s law firm did not respond to various requests for comment, and Lash couldn’t be arrived at for comment.