May 18, 2018

A Denison dealership owner is accused of wrongly keeping the proceeds from 11 vehicle sales — and numerous warranty and insurance plans — and for overcharging customers for tax, title and license fees in 2016 and 2017.

Robert Gale Adams, owner of Adams Motor Company, was arrested Wednesday for 16 criminal charges for theft, fraudulent sales practices and ongoing criminal conduct, which is the most serious charge and is punishable by up to 25 years in prison.

Eleven of the theft charges have a possible punishment of 10 years in prison apiece.

Adams, 57, of Breda, owns dealerships in Denison, Manning and Ida Grove. He could not be reached to comment for this article.

“The allegations are that he sold cars that were (collaterally owned) by these other companies and did not pay them,” said Crawford County Attorney Roger Sailer, who prosecutes crimes in that county.

The other companies, known as “floor plan companies,”are ones that lend money to dealerships to buy vehicles for their inventory and are expected to repay the money when the vehicles sell.

Adams is accused of selling 11 of those vehicles and not repaying the money, Sailer said. Court records show a recent judgment against Adams in New York that says he owes a company there about $115,800, which includes attorney fees the company incurred when it sued Adams.

Further, Adams allegedly sold limited and extended warranties and insurance policies for which he kept the money and didn’t actually activate the policies with the companies who offer them.

He is also accused of charging inflated amounts for tax, title and license fees and pocketing the difference.

Adams was taken to the Crawford County jail about 12:30 p.m. Wednesday and four hours later posted a $10,000 cash bond to be released.

His next court hearing is set for June 5.

Adams also faces a misdemeanor charge in Ida County for selling new vehicles without a proper license to do so, court records show. A trial for that case is set for next week.