Former Florence car dealer pleads guilty in connection with fraud

(Tonya Brown/WPDE)

Rex Matthew pled guilty in federal court on Tuesday in connection with defrauding and swindling banks and investors at his former car dealership in Florence, according to federal court documents.

The documents say one count of fraud was dismissed.

The pending charge says, Matthews "knowingly did devise and intend to devise a scheme and artifice to defraud financial institutions and investors and to obtain money from such financial institutions and investors by means of false and fraudulent pretenses, representations and promises; and did cause to be delivered by mail a loan application and supporting documents from Carolina Car LLC to ACA 961 E Main Street Spartanburg SC 29302 concerning a 2008 Nissan Altima."

Matthews was indicted by a federal grand jury last April in connection with fraud at his business Carolina Cars, LLC in Florence.

At that time, Matthews maintained that he was not guilty of defrauding and swindling banks and investors at his former dealership.

But, two men who attended one of Matthews' court hearings last year said he duped them out of $300,000.

One of the men said Matthews was a nice person, but he needed to spend time in prison for what he did.

Matthews is expected to be sentenced in the next 90 days.

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