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Associated Press, Published March 21 2012

Feds file to garnish any Hecker stock

MINNEAPOLIS (AP) — Federal prosecutors are going after any property still owned by imprisoned auto dealer Denny Hecker to satisfy a $31 million court judgment against him.

The U.S. Attorney's office filed documents in federal court Tuesday to garnish any property Hecker may own, including stock in the online auto auction company Open Lane. The company is in the process of being sold to KAR Auction Services.

U.S. Attorney spokeswoman Jeanne Cooney tells the Star Tribune the stock may be worth "hundreds of thousands of dollars," but the government isn't entirely certain Hecker holds any.

Hecker is serving a 10-year federal prison sentence for bankruptcy fraud and forging documents related to his auto empire. Hecker's criminal case is separate from his bankruptcy filing.


Information from: Star Tribune, http://www.startribune.com

Copyright 2012 The Associated Press.