Denny Hecker closes Roseville Hyundai

[Z28SSMAN]

Stay tuned just heard a rumor that Southview is next to go, But it's just a rumor you know. LOL

. Stay tuned? Is that what Joe is trying to do with his Cobra? Lol

[MR.hp]

Today on KSTP am they reported that he has sold all his dealerships in minnesota.
1 to the luthers
3 to the twin city group and
2 to the walsers

[MR.hp]

Just read on another site that Southveiw Chev is now closed, Anyone else hear anything.
Might be true as we have not picked up a car or truck there in over a week.

[HOTCIVIC]

Just read on another site that Southveiw Chev is now closed, Anyone else hear anything.
Might be true as we have not picked up a car or truck there in over a week.

I read in one of the papers that Hecker sold Southview to Walser, but I guess that hasn't been totally confirmed yet.

[id 34]

This gives me a warm fuzzy inside


http://wcco.com/crime/denny.hecker.raid.2.1048076.html

IRS, DEA Raid Several Denny Hecker Locations Reporting
James Schugel ST. LOUIS PARK, Minn. (WCCO) ― Click to enlarge1 of 1
Denny Hecker filed for personal bankruptcy protection June 4. (File)
David Sherman/NBAE/Getty Images

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Agents are raiding several of Denny Hecker's properties, searching for evidence the fallen automotive mogul was not paying taxes to the state of Minnesota and not paying off loans.

Agents from the Minnesota State Patrol, the Drug Enforcement Agency, the Internal Revenue Service and several law enforcement agencies are executing search warrants at Hecker's main real estate complex in St. Louis Park at Highway 169 and Interstate 394. The entire building is taped off and agents are looking at financial documents and are removing files and computers from the building.

Several dealerships, including Southview Chevrolet in Inver Grove Heights, are also being raided.

Hecker's attorney, Marsh Halberg, said the raids come as a "complete surprise." Halberg said Hecker is inside the St. Louis Park building and he and his employees are cooperating with law enforcement and are providing them with necessary passwords and other information.

Halberg said Hecker has not been arrested, but said he didn't know if Hecker eventually would be arrested.

Agents are also searching several cars in the parking lot at the St. Louis Park building.

Search warrants are being executed at Hecker's three homes as well. Two of those homes are in the Twin Cities and one is in northern Minnesota.

The raids stem from allegations that Hecker, 56, was not paying the state of Minnesota the sales tax on license plates, titles, registration and other fees the state charges. He's also accused of not paying off old loans he acquired from customers when they bought new cars.

The raids are the product of an investigation that has been ongoing for several months.

The Minnesota State Patrol is holding an 11:15 a.m. news conference to announce a criminal investigation into Hecker and to announce an 1-800 hotline for consumers.

Hecker filed for personal bankruptcy protection on June 4, saying he owes up to $1 billion to 1,000 creditors. So far, 95 of those creditors are listed in court documents, including the Bellagio and Mirage hotel-casinos in Las Vegas, the city of Aspen, Colo., Royal Jewelers and his business attorneys.

Hecker's largest creditors are expected to be auto finance companies. Hecker was one of Minnesota's largest car dealers, but with the economic downturn, he has shuttered or sold 25 of his 26 dealerships.