By Maria Hickey, KWMU
St. Louis – A familiar name in the local car business has been indicted on 21 counts of tax and wire fraud.
James Auffenberg Jr. of Swansea, Ill. is accused of running a tax scheme in the U.S. Virgin Islands along with three other men.
Federal prosecutors say Auffenberg illegally used a economic development program in the Virgin Islands.
The indictment seeks the forfeiture of about $16 million in cash.
A statement from Auffenberg's attorneys says he committed no crime.