Travis Honaker, a resident of Missouri and former salesman with Prime Inc.’s leasing company has been sentenced to three years in prison and ordered to pay $945,000 in restitution for charges including wire fraud and money laundering.
Honaker’s job was to sell used trucks and equipment to buyers after they have been leased using Prime’s affiliate leasing program. Prime was apparently unaware of Honaker’s illegal business habits until 2011 when they discovered that he wasn’t reporting payments for APUs that he sold.
According to the allegations brought against him, Honaker would often charge clients fees for finding, inspecting, or holding trucks for them. Depending on the value, Honaker would receive as much as $1,000 per truck. The fees were never supposed to be charged, so he never reported them to Prime and instead deposited them into a shell company he set up, T&H Consulting, LLC.
The deposits were then sent to his personal bank account and he used the money for expensive vehicles, to pay for his wife’s gambling expenses, and to pay for his living expenses and home.
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