Texas man, 29, sold his ruined $ 12,000 truck for parts on Facebook to stop the repo man from taking it because he could not repay the bank loan due to expiration of the insurance.
- Aaron Mark Johnston, 29, was indicted in a crime area for preventing creditors from taking his truck back as collateral
- Johnston had taken out a bank loan to buy the $ 12,000 Ford F-250 truck
- The bank said he was 71 days behind when repaying the loan two days before he destroyed the truck
- The truck was then taken to a warehouse, while Johnston informed the bank that his insurance coverage had expired and he could not repay the loan
- The bank then said that the towing company would sell its truck for storage costs
- Johnston picked up the truck and then reportedly sold it for parts on Facebook
A man from Texas who still owed money on his truck is accused of selling it for parts on Facebook, just to keep it out of the hands of the repo.
Judicial documents obtained by the Wichita Falls Times Record News revealed that Aaron Mark Johnston, 29, of Wichita Falls, Texas, has been charged with a number of crimes that prevented secure creditors from being $ 2500 to $ 30,000.
According to the August 20 charge, Fidelity Bank in Wichita Falls said that Johnston had taken out a loan to buy a 2003 F-250 truck worth about $ 12,000.
Aaron Mark Johnston, 29, was arrested in March for a crime for having prevented a creditor from taking back his truck. He was charged on August 20
A bank employee e-mailed Johnston on 27 February saying that the loan was 71 days late and that he had to make an immediate payment, otherwise the bank would take the truck back.
Three days later, on March 2, Johnston destroyed the truck.
The policeman investigating the wreckage named Johnston because he had not retained financial responsibility, which means he did not have enough money to pay for the damage caused by the incident.
The truck was then towed to a storage location.
A week and a half later, on March 11, Johnston told a Fidelity Bank employee that he had had a car accident and that his insurance company, Geico, would not cover the damage because his policy had expired.
Johnston had taken out a loan from a bank to buy the $ 12,000 Ford F-250 truck, which he had repaid 71 days late. He destroyed the truck on March 2 (file image)
Fidelity Bank, in Wichita Falls, Texas, told Johnston that they would take the truck back and not sell the truck for parts, but he did it through a Facebook group
The employee informed a bank manager, who then emailed Johnston that the towing company would sell the truck to pay the storage costs. The director also asked how Johnston intended to repay the loan without insurance coverage.
Johnston did not respond to the director's email, so the director reported the incident to the sheriff's department.
The court document revealed that during a telephone conversation between Johnston, the director and another bank employee, Johnston was told not to & # 39; separate & # 39 ;.
Two days after being informed that the towing company would sell its truck, on March 13, Johnston allegedly picked up the truck from the warehouse – without the bank's permission – and broke it off to sell parts through the original Wichita Falls trading post , according to authorities.
The bank reported what happened to the police on March 19.
An email from March 22 revealed that Johnston had sold the truck for parts and told the repo man & # 39; good luck finding & # 39 ;.
Johnston was then arrested on March 28 and released the next day on a $ 15,000 bail, according to prison records.
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