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Keeping your edge inside a competitive market

The one who owns 1025 Old Country Road Westbury Long Island management company that subleased cars from cash-strapped owners was arrested yesterday for pocketing the lease money, Nassau County officials said.

George Fallica, who owns Automotive Management Co., workout routines did business as G.C.F. Leasing, was faced with a fraud, grand larceny, forgery along with other crimes, Nassau County District Attorney Denis Dillon said.

"Our investigation said that the defendant was associated with various kinds of criminal activities . . . which generated approximately 75 complaints to my office," Dillon said.

The corporation, at 1025 Old Country Road, took out newspaper ads saying may well help individuals who had leased cars but were not able or unwilling to make additional payments.

The provider promised it may well find customers to take control the lease agreements, keep your payments current and change the car's license, registration and insurance records to show that a different sort of driver was now leasing the automobile.

Fallica did sublease the cars, Dillon said, but he failed to keep his other p romises.

By way of example, he was quoted saying, one Long Island resident given back his 1991 BMW to Fallica in September 1995. The motor car was subleased to an individual who made $7,470 in payments to Fallica. But Fallica only gave $990 to the holder in the car's original lease, and kept the rest, Dillon said.

Fallica later repossessed the auto and subleased it again. This occassion he received $6,570 in payments, and turned not one of the money over to the holder within the car's original lease, Dillon said.

Fallica put copies of an Pennsylvania license plate about the cars he sublet, Dillon said.

Younger crowd produced phony temporary licenses and fraudulently obtained insurance cards to your vehicles, Dillon said.

Fallica, 48, of Oneck Lane, Westhampton Beach, was faced with a eight counts of grand larceny; three counts of forgery; three counts of falsifying business records; fraudulent production of license plates, and scheming to defraud.

He faces up to seven years in prison if convicted.