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Keeping your edge in the competitive market

Web-sites 1025 Old Country Road Westbury Long Island management company that subleased cars from cash-strapped owners was arrested yesterday for pocketing the lease money, Nassau County officials said.

George Fallica, the one who owns Automotive Management Co., this did business as G.C.F. Leasing, was faced with fraud, grand larceny, forgery along with crimes, Nassau County District Attorney Denis Dillon said.

"Our investigation said that the defendant was involved in unique variations of criminal activities . . . which generated approximately 75 complaints to my office," Dillon said.

The firm, at 1025 Old Country Road, got newspaper ads saying it could help folks who had leased cars but were not able or unwilling to make additional payments.

The business promised it'd find customers to take control of the lease agreements, maintain your payments current and change the car's license, registration and insurance records to show another driver was now leasing the motor car.

Fallica did sublease the cars, Dillon said, but he failed to keep his other p romises.

For instance, he stated, one Long Island resident turned over his 1991 BMW to Fallica in September 1995. The auto was subleased to someone who made $7,470 in payments to Fallica. But Fallica only gave $990 to the holder within the car's original lease, and kept the others, Dillon said.

Fallica later repossessed the motor car and subleased it again. On this occasion he received $6,570 in payments, and turned no money over to the holder of your car's original lease, Dillon said.

Fallica put copies on the Pennsylvania license plate around the cars he sublet, Dillon said.

Attractive produced phony temporary licenses and fraudulently obtained insurance cards for any vehicles, Dillon said.

Fallica, 48, of Oneck Lane, Westhampton Beach, was arrested for eight counts of grand larceny; three counts of forgery; three counts of falsifying business records; fraudulent production of license plates, and scheming to defraud.

He faces up to seven years imprisonment if convicted.