Cherokee, Iowa (RI) — The former owner of Holzhauer Motors in northwest Iowa has been arrested on fraud related charges.
Sixty-four-year-old Daniel Winchell was arrested Monday in Cherokee and charged with two counts of first-degree theft and ongoing criminal conduct. Winchell allegedly kept fees customers paid for vehicle titles and registrations and the customers would then have to also pay the county treasurer to get them. He allegedly sold 63 vehicles out of trust, with money collected but not paid to lenders in exceeding ten-thousand dollars.
A preliminary hearing for Winchell is scheduled for December 19th.
The dealerships—Holzhauer Motors, Holzhauer Ford Cherokee, and Holzhauer Ford Storm Lake—closed last fall amid lawsuits claiming more than $15 million in unpaid loans. Creditors liquidated the Ford dealerships through bankruptcy, while Citizens First National Bank of Storm Lake secured additional judgments totaling millions against Winchell and Holzhauer corporate entities.
Courtesy KSCJ, Sioux City, and KAYL, Storm Lake
KIWA Staff Photo
