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West Herr buys Subaru retailer from Jeff Lash

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Supplier Jeff Lash, who was indicted earlier this 12 months on federal fraud expenses, offered a New York Subaru dealership in August to West Herr Automotive Group.

The acquisition of Spurr Subaru in Brockport, N.Y., from Jeff Lash and Danielle Lash gave West Herr its second Subaru dealership.

Jeff Lash is similar Lash who’s a former managing companion at GPB Capital Holdings and who was indicted in February on federal securities fraud expenses, together with former GPB CEO David Gentile and Jeffry Schneider, proprietor and CEO of Ascendant Capital, sources confirmed to Automotive Information.

Lash, who lives in Naples, Fla., in response to federal prosecutors, oversaw investments into dealerships from 2013 via early 2018 for GPB, another asset administration agency that till final month was majority proprietor of Prime Automotive Group. Lash, who owned and operated a number of dealerships earlier than becoming a member of GPB, was alleged to have defrauded GPB buyers and was indicted on expenses of conspiracy to commit securities fraud, conspiracy to commit wire fraud, securities fraud and wire fraud.

Lash has pleaded not responsible to all expenses.

Individually, the U.S. Securities and Alternate Fee in a February civil criticism charged GPB and people together with Lash of working a Ponzi-like scheme.

Lash’s lawyer didn’t reply to a number of requests for remark, and Lash could not be reached for remark.

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