Used Car Dealer Charged With Money Laundering Scheme

The Plainfield man's Mercedes SUV was seized when he was arrested Thursday.

Deandre Owens. Credit: Will County Sheriff's Department.
Deandre Owens. Credit: Will County Sheriff's Department.
A used car dealer's alleged financial fraud scheme landed him in the Will County jail on felony charges.

Deandre Owens, 22, of 1705 Chestnut Hill Road in Plainfield was arrested about 9:45 a.m. near the intersection of Lily Cache and Plainfield roads.

Owens was charged with money laundering, financial fraud and financial crimes enterprises.

Owens, who police say is the owner of Owens Car Gallery in Delphi, IN, deposited stolen and forged checks at Chase and First Midwest Bank branches in Joliet, Plainfield and Crest Hill, police said.

After depositing the bad checks, Owens withdrew money from his business and personal accounts, police said. He had the money in hand before the checks came back to the banks as no good, police said. He reportedly had a business account at First Midwest and a personal account with Chase.

Owens allegedly ripped off First Midwest Bank to the tune of $17,000 and got Chase for another $8,000, police said.

The Joliet police obtained a warrant for Owens' arrest and picked him up when they saw him driving around in his Mercedes SUV. The police seized the Mercedes during Owens' arrest.

Owens remains in custody and is being held in lieu of $275,000 bond.

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dan mchugh February 01, 2014 at 01:02 PM
So if the police seized the car what or how will the banks get their money back ? They took the only obvious asset this guy had. Did they take it for the banks? Are they now judge and jury? They decided the guy is guilty even before he has had his day in court? I'm not trying to defend the guy but think about this for a minute.
Linwood D. Johnson February 03, 2014 at 10:07 AM
So I believe the answer goes something like this: 1) The police may seize property that was used in or obtained with proceeds obtained in the commission of a crime. If he used his SUV to drive himself to the bank to deposit forged/stolen checks, that probably counts as "used in the commission of a crime." 2) It's his problem to determine how to payback the money he stole (you knew this already); however, the property seized may be returned if the police cannot prove that the property was used or obtained while committing a crime in a civil court. Smart money says he probably won't get that SUV back. reference site: http://www.legal-aid.org/en/ineedhelp/ineedhelp/criminalproblem/faq/howdoigetmystuffback.aspx
Hugo February 06, 2014 at 07:50 AM
Another gem at the Route 30 plex. Imagine that.
GJBoerema February 14, 2014 at 03:20 PM
@Linwood. These people are not that smart. You have to stick with simple preschool language.


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