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Metro East car dealer indicted in Virgin Islands tax scheme

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.